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MODULE DESCRIPTOR
Module Title
Oil And Gas Contract Law
Reference BSM578 Version 9
Created February 2017 SCQF Level SCQF 11
Approved September 2014 SCQF Points 15
Amended August 2017 ECTS Points 7.5

Aims of Module
Aims of Module To develop the student’s knowledge and understanding of the (1) key players in the international oil and gas industry, (2) the principal licensing and contractual arrangements which are found in the international oil and gas industry, (3) the principal standard form contracts used in the industry including the North Sea LOGIC/CRINE standard form contracts and the Association of Independent Petroleum Negotiators (AIPN) standard form contracts, (4) the key legal contractual risk management issues and (5) the international dispute resolution framework and institutions.

Learning Outcomes for Module
On completion of this module, students are expected to be able to:
1 Appraise and discuss the structure of the oil and gas industry contractual matrix.
2 Analyse, discuss and justify some of the main contractual clauses in the main contracts in the oil and gas industry
3 Evaluate the effect of these clauses on the contractual parties.

Indicative Module Content
An overview and general understanding will be given of (1) the roles and interplay of the Governments of territories containing hydrocarbon reserves, National Oil Companies, International Oil Companies, the Major Product Suppliers, the Engineering & Contracting Companies and the Service Companies, (2) the key principles of public international law as these affect oil and gas contactual relationships, (3) the principal licensing and contractual arrangements which are found in the international oil and gas industry including Exploration and Production Sharing Agreements/Licences, Joint Operating Agreements, Drilling Agreements, Construction and Engineering Contracts, Asset Sale and Purchase Agreements, Farm-In Agreements Gas, Gas Sales Agreements, Transportation Agreements, Operations and Maintenance Agreements and Decommissioning Agreements, (4) the principal standard form contracts used in the industry including the North Sea LOGIC/CRINE standard form contracts and the Association of Independent Petroleum Negotiators (AIPN) standard form contracts, and (5) the international dispute resolution framework and institutions in the context of expert decisions, mediation arbitration and litigation. The content, while set out in indicative form here, will be contextualised depending on the course on which the module will be taught and the jurisdicton in which it will be offered.

Module Delivery
This module is based on lecture notes and other learning materials and problem exercises available on the relevant Moodle sites and in face-to-face classes.

Indicative Student Workload Full Time Part Time
Contact Hours 36 36
Non-Contact Hours 114 114
Placement/Work-Based Learning Experience [Notional] Hours N/A N/A
TOTAL 150 150
Actual Placement hours for professional, statutory or regulatory body    

ASSESSMENT PLAN
If a major/minor model is used and box is ticked, % weightings below are indicative only [for the purposes of the Key Information Set (KIS)]
Component 1
Type: Coursework Weighting: 30% Outcomes Assessed: 1, 2, 3
Description: Distance Learning: Forum Participation – 30% Weighting - Forum postings are assessed according to five criteria - frequency, follow-up, content contribution, references and clarity Full Time: Coursework – Essay – 30% weighting
Component 2
Type: Coursework Weighting: 70% Outcomes Assessed: 1, 2, 3
Description: All Students: Essay, with a word count of 3000 words, covering all Learning Outcomes – 70% weighting

MODULE PERFORMANCE DESCRIPTOR
Explanatory Text
The Module is assessed by two components: C1 - Coursework - 30% weighting. C2 - Coursework - 70% weighting. Module Pass Mark = Grade D (40%)
Module Grade Minimum Requirements to achieve Module Grade:
A At least 70% on weighted aggregate and at least 35% in each component
B At least 60% on weighted aggregate and at least 35% in each component
C At least 50% on weighted aggregate and at least 35% in each component
D At least 40% on weighted aggregate and at least 35% in each component
E At least 35% on weighted aggregate
F Less than 35% on weighted aggregate
NS Non-submission of work by published deadline or non-attendance for examination

Module Requirements
Prerequisites for Module None in addition to course entry requirements or equivalent.
Corequisites for module None.
Precluded Modules None.

INDICATIVE BIBLIOGRAPHY
1 DAVID, M.R., 2002. Natural gas agreements. London: Sweet & Maxwell.
2 DAVID, M.R., 1999. Oil and gas infrastructure and midstream agreements. London: Langham Legal Publishing.
3 DAVID, M.R., 1996. Upstream oil and gas agreements. London: Sweet & Maxwell.
4 GORDON, G., PATERSON, J. and USENMEZ, E., 2011. Oil and gas law: current practice and emerging trends. 2nd ed. Dundee: Dundee University Press. ebook
5 Journals: OGEL - Oil, Gas & Energy Law Intelligence Energy Law Journal Journal of Energy & Natural Resources Law Journal of Land, Resources & Environmental Law Journal of World Energy Law & Business San Diego Journal of Climate & Energy Law Texas Journal of Oil, Gas, and Energy Law

 

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