Monday – Joint Operating Agreements
- Joint operating agreements: Introduction
a. Relationship with licensees
b. Government involvement
- Joint operating agreements / joint status in company law and partnership law
- Specific issues of joint operating agreements
a. Role of the operator
b. Issues of liability
c. Sole risk
Tuesday – Field trip
- Field trip (t.b.a.)
Wednesday – Contracts (I)
- Introduction
a. Types of contracts; common features/challenges
b. Choice of law
c. Standardisation of contract
- Regulations on bidding procedures
- Contracts in various phases of activities
a. Contracts in the development phase (drilling, construction, financing)
b. Contracts in the operational phase (gas sales, transportation)
c. Contracts in the abandonment phase
Thursday – Contracts (II)
- Contractual techniques
- Risk allocation
a.Liability and indemnification
b.Limitation of liability
- Flexibility: Dynamic contract law
a. Unregulated and regulated flexibility
b. Mechanisms to handle intended variations
c. Handling of unintended changes to contractual obligations
- Comparative panel discussion
Friday – Assignment
- Presentation of papers
- Follow up instructions: preparation of essay and next teaching module