The Law and Practice of Unitisation in the Oil and Gas Industry

Contracts, Purchasing & Procurement Management
Finance, Budgeting & Accounting
International Oil & Gas Supply, Trading & Pricing
Project & Construction Management

Hydrocarbon tend to tread two or more license concessions areas or even international boundaries. Unitisation is a mechanism whereby reservoirs for petroleum and or gas are developed as a unit by a single operator (the Unit Operator) and use common production facilities under an agreement called a Unitisation Agreement. The objective is to obtain the maximum recovery of hydrocarbon by the parties. Unitisation requires rather complete and real knowledge of the field which justifies there being a Unitisation Agreement which is among interested parties. The Unitization Agreement seeks to provide for that the participating interests in an equitable manner and avoid transit impact on the participating interests and helps to avoid some legal traps. Unitization should be implemented early in the life of a field, prior to development as the owners seek to establish leverage in negotiating a larger share of the field or drain the field. This PetroDeep training course on The Law and Practice of Unitisation in the Oil and Gas will highlight: • The international law determining the rights and responsibilities of states in the development of shared petroleum deposits • How to Unitise a field and the ways to compile a Unitisation and Unit Operating Agreement • Determining the and which stage this should take place • Negotiation the agreement with partners

Code Venue Fees ($) Dates
OG005 New York, U.S.A 6500 March 31, 2019 – April 4, 2019
OG005 California, U.S.A 6500 May 26, 2019 – May 30, 2019
OG005 Mexico City, Mexico 6500 October 20, 2019 – October 24, 2019

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