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UCL Australia Latest News

Santos support for UCL surpasses $2.5m

Published: Mar 31, 2014 11:30:00 PM

Former Resources Minister Martin Ferguson joins UCL 

Published: Mar 17, 2014 8:30:00 PM

University College London to join Australia’s oil and gas leaders at APPEA 2014

Published: Mar 14, 2014 6:22:59 AM

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UCL Australia
Torrens Building
220 Victoria Square
Adelaide, South Australia, 5000

Tel: +61 8 8110 9960
Fax: +61 8 8212 3039

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Research at UCL Australia

UCL School of Energy and Resources

Research in the School of Energy and Resources focuses on both the upstream and downstream development of energy and resources, covering a wide range of disciplines - from engineering and economics to environmental science and law. 

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Mullard Space Science Laboratory

The Mullard Space Science Laboratory (MSSL) is a world-leading research organisation delivering a broad science programme that is underpinned by a strong capability in space science instrumentation, space-domain engineering, space medicine, systems engineering and project management.

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International Energy Policy Institute

The International Energy Policy Institute (IEPI) was created to address key policy issues in the mineral, energy and resources industries through intensive and innovative research.

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Research at the IEPI

Professor Stefaan Simons

Professor Stefaan Simons

International Petroleum Agreements

This course is a two-day intensive training on international petroleum agreements, focussed on host government contracts. More and more foreign investments are made into energy exploration and exploitation across the globe in sometimes unstable regions. Typically an international oil company enters into an agreement with the host government setting out its rights and obligations in relation to the resources it is planning to exploit. Over the years, these agreements (i.e. host government contracts) have been internationalized and as a result of such internationalisation, been standardized.

This course will introduce you to the type of host government contracts made between the international oil companies and the host governments, the risks involved in these contracts and how the investment can be secured by legal means.


Day 1

The first day will focus on what host government contracts are, what types exist and where they are typically used. The three most commonly used types will be discussed in more detail (i.e. concessions, production sharing agreements and service contracts). The final topic to be discussed will be on the impact of the internationalisation of the industry on the evolution of these contracts. Their increasing use has opened the door to standardization and increased security for the international industry.

Topics to be covered:

  • Introduction to petroleum agreements
  • Host Government Contracts and types according to geographic region

    • Concessions
    • Production sharing agreements
    • Service contracts
  • Internationalisation of Host Government Contracts


Day 2

The second day will focus on some particular risks involved in these type of contracts and how they can be drafted to prevent such risks. This day will also address conflict resolution in the event of a dispute and will focus on alternative dispute resolution as a way to prevent having to go through the national courts of a foreign country whose legal system may be unknown to the investor.
Topics to be covered:

  • Risks involved in Host Government Contracts
  • Stabilization clauses
  • Conflict resolution and alternative dispute resolution
Register your Interest