Key Upstream

Key Upstream Joint Venture & Licence Agreements 


Upstream Fiscal & Licence Agreements

  • Fiscal & legal regimes worldwide
  • Production sharing arrangements
  • The license agreement


Upstream Joint Venture Agreements

  • The joint venture agreement
  • Shareholder agreements
  • Confidentiality agreement

Key Upstream Product Sales & Transportation Agreements 


Product Sales – Oil, Gas Liquids, Gas / LNG

  • The market for crude oil
  • The market for gas; pipeline  supplies; regional characteristics; regulatory considerations
  • Heads of Agreements; MoUs; LoIs
  • The pipeline gas sales agreement
  • LNG sales; the market for spot LNG
  • Gas processing
  • Sale of LPG and condensates


Oil, Gas and LNG Transportation

  • Oil and gas transportation agreements
  • Pipeline use agreements
  • LNG import terminals

 

The Financial Aspects of Upstream Commercial


Key Project Value Identification

  • Understanding the fundamental commercial drivers for project and company success


Technical Factors

  • Reserves definitions
  • Reserves certification


Project Economic Evaluation

  • Economic evaluation – conceptual, pre-feasibility and feasibility
  • The economic model


Project Financing

  • Financial structures in the upstream
  • The key value drivers in upstream financing
  • An overview of financing options: from the balance sheet to project financing


Mergers & Acquisitions

  • Stock purchase and asset sales
  • The data room
  • The sale and purchase agreement