Oil and Gas Exploration Contracts

Oil & Gas Exploration Contracts / Oil & Gas Production Contracts:
The two contracts guides complement each other and can be bought as a set

Oil and Gas Exploration Contracts offers invaluable advice on the nature, use and terms of the contracts in the exploration phase. With its pragmatic outlook and expert advice it enables you to advise and negotiate at any stage of the exploration phase.

Provides clause-by-clause commentary of the commercial agreements used in worldwide gas and oil exploration.
Covers all contracts from the start to end of the exploration phase. Analyses the potential pitfalls so you can avoid them.
Presents practical advice which can be applied to jurisdictions worldwide.
Covers joint venture agreements like joint bidding and joint study agreements.
Includes coverage on drilling contracts, rig sharing agreements and rig assignments.
Analyses agreements for the sale and purchase of exploration assets.
The only up-to-date text available on this area

Contents:
Background legal framework:
Licensing and production sharing regimes.
The Operator's relationships: Joint ventures under the JOA.
Contractors under commercial agreements.
Legal considerations covering contract, general and international law, safety, employment, environmental law, dispute resolution.
Importance of the commercial contract.
The negotiation process.
Alliancing.
Standardisation.
Letters of intent.
Options.
Tendering and the enquiry package.

Commercial agreements between joint venture partners including:
AMI agreements.
Bidding agreements.
Joint study agreements.
Joint drilling agreements.

Joint ventures and third party contractors:
Agreements for services:
Offshore.
Onshore.
Construction.
Drilling.
Vessel.
Aircraft.
Geophysical.
Data licensing.
Consultancy and procurement services.
Drilling contracts.
Rig sharing and rig assignment contracts.

Sale and purchase agreements:
Agreements for the acquisition and disposal of exploration assets:
Licence.
Namely asset/share sales.
Farm-outs.
Exchange agreements.
Disclosures.
Warranties.
Pre-emption clauses