Oil & Gas Agreements School

4 days 4-7 Dec 2017, London United Kingdom £3,995.00 + VAT* Download brochure Add to basket

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Course overview:

The complexity of the oil and gas industries frequently results in projects being undertaken by joint ventures, alliances and other strategic groupings. Forming a successful alliance, whatever its format, is a complex process requiring a high degree of experience and expertise.

At this school Dr Ken Mildwaters, an acknowledged international expert with a wealth of experience in helping clients to formulate successful and effective business partnerships, will discuss with participants why parties come together in a cooperative endeavour to undertake a phase of a project, the legal forms they might use in so doing, the relationships created by the forms and the principle legal and commercial issues that affect those relationships.

The school will prove invaluable to CEOs, COOs and CFOs engaged in major new, ongoing and potential ventures in the oil and gas sector, and also to their internal and external legal advisers.

How this course will help you

The course will cover:

  • The contract matrix in the oil & gas industry
  • Key agreements and examples of those agreements
  • The relationship matrix from a contractual and a corporate perspective
  • The legal principles that shadow relationships
  • Specific issues affecting relationships



We work with a series of expert instructors, please select the course location of interest to review the credentials of who will be delivering the programme.

Dennis Stickley

Dennis is an international legal expert in petroleum law who is based in United Kingdom.  He is a qualified lawyer in the United States as well as UK and New Zealand and has been listed in the Guide to the World’s Leading Energy and Natural Resources Lawyers. He has received the degrees of Juris Doctor from the University of Wyoming and LLM-Energy Law from the University of Utah.

In his thirty years of practice, Dennis has been the chief legal officer for Sinclair Oil Corporation in the US, and the Petroleum Exploration Corporation of New Zealand. He has also worked as an adviser on law and negotiations regarding petroleum resource development, pipeline transportation and fuel purchase contracts to Petrobangla, PetroVietnam, Kazmunigaz, Cambodian Petroleum Authority, Perusahaan Gas Negara (Persero), Gas Authority of India, Papua New Guinea Department of Mines and Petroleum, Philippines National Power Corporation and the Sri Lanka Petroleum Resources Development Secretariat.

Dennis has also been a consultant to the Asian Development Bank, The World Bank and the European Investment Bank on petroleum sector policy, project financing for oil and gas development and crossborder gas trade all over the world. He was the legal adviser to four West African governments for the West African Gas Pipeline Project and was appointed as an adviser by the US State Department and Department of Commerce on gas pipeline projects in Azerbaijan and Bangladesh. He is a Member of the Global Faculty for the Centre for Energy, Petroleum & Mineral Law & Policy at the University of Dundee. He is the course author of International Comparative Petroleum Law and has published A Framework for Negotiating and Documenting International Petroleum Transactions and A Framework for Negotiating and Managing Gas Industry Contracts.

Dennis' research in the field of petroleum law has been published in the Land and Water Law Review, Tulsa Law Journal and Journal of Comparative and International Law. He is a Distinguished Visiting Professor on Insurance Law and Oil & Gas Law at the University of Wyoming.



Hotel in Central London

All  courses are held at four or five star venues in Central London, Zone 1. We strive to provide you with a training environment of the highest quality, to ensure that the whole learning experience exceeds your expectations.

Your training venue will be confirmed by one of our course administrators approximately 3-4 weeks before the course start date.

Related Courses



Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company's exact requirements? If you'd like to do either of these, we can bring this course to your company's office. You could even save up to 50% on the cost of sending delegates to a public course.

To find out more about running this course in-house:

Our Tailored Learning Offering

If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

We produce learning solutions that are completely unique to your business. We'll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.


We can offer any of our public courses delivered at your office or we can devise completely tailored solutions:

Read more about our offering or complete a call back request to speak to a learning specialist.


Day 1

Industry context and background knowledge 

  • Context 
  • Petroleum legislation 
  • Authorisations 
  • The commercial contractual matrix 
  • The overshadowing legal principles applicable 
  • Contract structure 
  • Rules of contract interpretation

Boilerplate provisions

Memorandum of understanding, letters of intent, heads of terms and term sheets 

  • Legally binding agreement? 
  • Agreements to agree 
  • Promises to negotiate 
  • Good faith 
  • “Subject to contract”

Confidentiality/non-disclosure, exclusivity, and non-circumvention agreements 

  • Defining confidential information 
  • Restrictions on use 
  • Exemptions 
  • Affiliates 
  • Return and/or destruction of information 
  • Non-circumvention


Day 2

Mutual interest, joint study / joint bidding and technical assessment agreements 

  • Reasons for and differences 
  • Principle provisions

Joint operating agreements 

  • Participants 
  • Scope 
  • The operator 
  • The non-operators 
  • The operating committee 
  • Sole risk operations 
  • Non-consent operations 
  • Assignment and transfer 
  • Encumbrances 
  • Default 
  • Force majeure 
  • Duration and termination 
  • Guarantees, indemnities and undertakings to procure performance 
  • Covenants, undertakings and relationship 
  • Publicity 
  • Corrupt practices 
  • Dispute resolution
Day 3

Farm-out/farm-in and sale of interest, carried interest, overriding royalty interest and net profit interest agreements 

  • Methods of financing activities 
  • Farm-out/farm-in and sale of interest agreements 
  • Carried interest agreements 
  • Overriding royalty interest and net profit interest agreements

Service agreements 

  • Principal provisions 
  • Standard of care and other levels of performance 
  • Liability and indemnification

Unitization agreements 

  • Legal and contractual framework 
  • Method of unitization 
  • Unit area 
  • Determination of tract and unit interests 
  • Redetermination 
  • The operator 
  • Decision making 
  • Non-unit operations 
  • Default 
  • Termination 
  • Assignment and transfer 
  • Withdrawal

FPSO agreements

Lifting, balancing and transport agreements

Storage agreements

Pipeline agreements

Day 4

Gas sale agreements 

  • Unique characteristics 
  • Depletion, supply and hybrid contracts 
  • Guarantee 
  • Pricing formulae 
  • Quantity 
  • Quality 
  • Delivery 
  • Passing of risk and title 
  • Measurement and testing 
  • Nomination procedure 
  • Invoicing and payment 
  • Take or pay 
  • Hardship 
  • Frustration 
  • Stability


Day 5

Crude oil sale agreements 

  • Long term and spot contracts 
  • FOB and CIF contracts 
  • Forward market and futures contracts 
  • Pricing formulae 
  • Bills of lading 
  • Quantity 
  • Quality 
  • Delivery 
  • Measuring and testing 
  • Passing of risk and title 
  • Invoicing and payment 
  • Letters of credit 
  • Laytime and demurrage 
  • Telephone, telefax and email contracts


Abandonment and decommissioning agreements

Why us

We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

  • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
  • Track record – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
  • Knowledge – our 150 strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
  • Reliability – if we promise it, we deliver it. We have delivered over 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
  • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product