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Module Title
Oil And Gas Contract Law

Keywords
Oil and gas industry contracts; CRINE/LOGIC and AIPN; production sharing agreements; licensing agreements; sub-contracts; insurance clauses; limitation and exclusion clauses; warranty clauses; dispute resolution clauses; transportation agreements

ReferenceBSM578
SCQF LevelSCQF 11
SCQF Points15
ECTS Points7.5
CreatedNovember 2005
ApprovedAugust 2013
AmendedAugust 2013
Revision No.8
Prerequisites for Module

None in addition to course entry requirements or equivalent.

Corequisite Modules

None.

Precluded Modules

None.

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.



Indicative Student Workload

Contact Hours

Full TimePart TimeBlended Learning
Lectures/Seminars
363636

Directed Study

   
Assessment
202020
Directed Study
353535
Discussion / Activities
404040

Private Study

   
Private Study
191919

Mode of 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.

Assessment Plan

Learning Outcomes Assessed
Component 1 1,2,3
Component 2 1,2,3

This Module is assessed in two components;
Component 1 (Weighting 30%)
Distance Learning: Weekly forum postings.
On Campus Full Time: One coursework essay.
On Campus Full Time: Coursework essay (Weighting 30%)

Component 2 (Weighting 70%) One coursework essay.

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.
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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