The Encyclopaedia of Upstream Oil and Gas

Second Edition

Consultant editor Eduardo Pereira

Publication date:

12 December 2019

Length of book:

416 pages

Publisher

Globe Law and Business

Dimensions:

240x160mm
6x10"

ISBN-13: 9781787423107

The petroleum industry is highly specialised. Over the centuries, the industry has developed a large number of standard petroleum regulations, arrangements and contracts that are not necessarily familiar to all across the industry and even less to the outside world. Each regulation/arrangement/contract has its own detailed terms and provisions and experts in this industry tend to be focused on specific phases from such complex industry. This updated edition provides the unique combination of an encyclopaedia with commentary for the entire chain of petroleum activities. The encyclopaedia deals exclusively with upstream activities. First, it deals with all types of petroleum title with the host government (eg, concession agreements, production sharing agreements and service agreements). Second, it covers all the relevant consortium agreements between investors (eg, joint bidding agreement, joint ventures and joint operating agreements). It also deals with the relevant players in the sector varying from the international oil company to the national oil company; the relevant regulations in the sector (eg, petroleum law, fiscal terms, health, safety and environment and procurement) and the key mechanisms for raising funds in the upstream sector. Lastly, the book covers acquisition mechanisms with government authorities and private parties, and the key issues concerning governing law and dispute resolution. This new edition provides additional sections on (i) international laws and treaties with direct impact on the upstream sector, (2) anti-corruption laws and practices, (3) corporate and social responsibility, (4) oil and gas service contracts, (5) confidentiality agreement, among others. This encyclopaedia will serve as a valuable tool for lawyers, professionals in industry, consultants, academics, engineers, geologists who are interested in understanding the key legal terms and provisions of the oil and gas industry.

Introduction 7 Eduardo G Pereira Siberian Federal University Part I: Petroleum title Royalty and tax regime 9 Marc Hammerson Stephenson Harwood LLP Anthony Martinez Herbert Smith Freehills LLP Production sharing agreements 43 Anna Ovcharova Repsol Service contracts 63 Ryan Gawrych Anthony Patten Shearman & Sterling LLP Hybrid agreements 79 Yanal Abul Failat LXL LLP Part II: Consortium agreements Non-disclosure agreements 95 Anna Ovcharova Repsol Joint bidding agreements 101 James Day Marc Hammerson Stephenson Harwood LLP Anthony Martinez Herbert Smith Freehills LLP Joint study and bidding agreements 117 Dario Arias Resources Energy Consulting Joint venture agreements 129 Debra J Villarreal Thompson & Knight LLP Joint operating agreements 141 Eduardo G Pereira Siberian Federal University Joint sales and marketing agreements 161 Luis Pacheco Veirano Advogados Unitisation and unit operating agreements 177 Andrew B Derman Thompson & Knight LLP Danielle Ludwig Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados Part III: Key stakeholders National oil companies 195 Marcelo Amorim Bastos José Alberto Bucheb B-in Partners LLC International oil companies 209 Anna Ovcharova Repsol Oil companies’ transition to a global energy market 217 Marcelo Amorim Bastos B-in Partners LLC Marcelo Gauto Petrobras Service companies 227 Andrea Falcão Schlumberger Part IV: Regulatory framework National constitution 235 Kim Talus Tulane University Petroleum law 239 Kim Talus Tulane University Health, safety and the environment 245 John Paterson University of Aberdeen Public procurement 257 in the upstream oil and gas industry 257 Olayemi Anyanechi Sefton Fross Eduardo G Pereira Siberian Federal University Surface rights 275 Luis Pacheco Veirano Advogados Applicable laws, part I: ABC 281 TJ Auner Andrew Melsheimer Thompson & Knight LLP Applicable laws, part II: International law 287 Kim Talus Tulane University Corporate and social responsibility in the oil and gas industry 291 Anna Ovcharova Repsol Part V: Finance Equity participation 299 Anna Ovcharova Repsol IPO 311 Iain Newman Jack Shepherd CMS Cameron McKenna Nabarro Olswang LLP RBL 325 Nicholas Ross-McCall CMS Cameron McKenna Nabarro Olswang LLP Huw Thomas Ashurst LLP Part VI: Mergers and acquisitions Direct acquisition from the host government: bid rounds 351 Dario Arias Resources Energy Consulting Farmout agreements 363 Olayemi Anyanechi Sefton Fross Eduardo G Pereira Siberian Federal University Part VII: Governing law and dispute resolution Petroleum title 381 Andrew Melsheimer Thompson & Knight LLP Applicable law 385 Paul Cohen 4–5 Gray’s Inn Square William M Katz, Jr Thompson & Knight LLP International arbitration 391 TJ Auner Andrew Melsheimer Thompson & Knight LLP About the authors 399 Index 409

The new edition of Globe Law and Business' The Encyclopaedia of Upstream Oil and Gas is an a excellent new addition to the bookshelf of any lawyer, academic or, indeed, anyone involved, in the oil and gas industry.