Legal Aspects of The Oil & Gas Industry
Legal Aspects of The Oil & Gas Industry
Legal Aspects of The Oil & Gas Industry
HEW R. DUNDAS
of
OVERVIEW of PRESENTATION
HISTORY
4,000 BC or earlier
Col. Drake (Pennsylvania- 1859)
The Major Discoveries
Stop Drilling Now !
There Is No Oil In The North Sea (1959)
The Prize by Daniel Yergin
1958/1982 LoS Conventions
GEOGRAPHY
Locations Inconvenient
Boundary Issues
International Pipelines
Tankers
Jurisdictional Issues
NIMBY
POLITICS
Cross-Border/Regional
Major Economies without Indigenous Oil
Net Exporters/Importers
Perceptions of US Foreign Policy
Electioneering Football
Chancellors Goody-Bag
Tabloid Target
STRUCTURE of INDUSTRY
Upstream/Downstream/Midstream
Pipelines & Transportation
Integration vs Independence
Standard Oil
Gas is NOT Oil
Power is Neither
TECHNOLOGY
Innovation
Cost Efficiency
Recovery Rates
ENVIRONMENT, SAFETY
& REGULATION
Petroleum Agreements
Service Contracts
Relationship Management
Dispute Resolution
PETROLEUM AGREEMENTS
Passage of Title
Royalty Agreement
Production Licence
Concession Agreement
Risk Service Agreement
Production Sharing Agreement
Relationship Management
US vs UK Models
Assignments/Novations &c
Farm-Ins etc
SERVICE CONTRACTS
Sub-Contractors
Partnering
NEGOTIATIONS
Rights vs Interests
Co-Operation not Confrontation
Ruritania is NOT England/US
Legal Principles May Be Subsidiary
Relationship Management
EXTERNAL LAWYERS
Who ? Why ?
Added Value ?
Specialist Expertise
Some Disasters
RELATIONSHIP MANAGEMENT
DISPUTE RESOLUTION
Dispute Avoidance/Prevention
Why Litigate ?
Non-Mediation ADR
CONCLUSIONS
The PR Wars
Dispute Prevention