Module Database Search
| MODULE DESCRIPTOR | |||
|---|---|---|---|
| Module Title | |||
| Oil and Gas Law | |||
| Reference | LLM083 | Version | 3 |
| Created | August 2023 | SCQF Level | SCQF 11 |
| Approved | August 2019 | SCQF Points | 15 |
| Amended | August 2023 | ECTS Points | 7.5 |
| Aims of Module | |||
|---|---|---|---|
| To provide students with a critical understanding of evolving issues in the rapidly changing dynamics of the oil and gas industry, and key legal concepts and processes related to these changes. | |||
| Learning Outcomes for Module | |
|---|---|
| On completion of this module, students are expected to be able to: | |
| 1 | Demonstrate a critical understanding of risk management for oil and gas companies in relation to the geopolitics of oil, energy security, and the overseas operations of oil and gas companies, with particular reference to West Africa. |
| 2 | Demonstrate a critical knowledge and understanding of the corporate dynamics of mergers and acquisitions, due diligence and post-merger integration issues, and the valuation and pricing of oil and gas assets. |
| 3 | Demonstrate a critical understanding of the role and nature of farm out and farm in agreements; the legal requirements surrounding decommissioning of offshore oil and gas installations in the UKCS; |
| 4 | Demonstrate a critical understanding of the legal requirements surrounding decommissioning of offshore oil and gas installations in the UKCS, and how the financial liabilities of decommissioning are allocated. |
| 5 | Analyse and critically evaluate the principles of corporate social responsibility and corporate governance within UK, EU and international frameworks, and contextualise these for oil and gas companies. |
| Indicative Module Content |
|---|
| CSR in the Oil and Gas Industry; Strategic Planning and Performance Management; Mergers and Acquisitions; Valuation and Pricing of Oil and Gas Assets; Due Diligence and Post-merger Integration Issues; Farmouts and Farmins; The Future of the UKCS; Decommissioning and financial liabilities thereof in the UKCS; Energy Security Issues; West Africa:Opportunities and Risks. (The content, while set out in indicative form here, may be changed in line with evolving issues in the oil and gas sector.) To examine relevant legal issues in the midstream and downstream sectors of the energy industry. |
| Module Delivery |
|---|
| This module is based on 10 Topics presented in face to face lecture and seminar sessions which are supported on RGU Campus Moodle. Additionally the course can be delivered by distance learning. Topics are discussed through online discussion forums, chats, and other interactive technologies. |
| Indicative Student Workload | Full Time | Part Time |
|---|---|---|
| Contact Hours | 55 | 55 |
| Non-Contact Hours | 95 | 95 |
| 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. | |||||
| Component 1 | |||||
| Type: | Coursework | Weighting: | 100% | Outcomes Assessed: | 1, 2, 3, 4, 5 |
| Description: | Coursework Essay | ||||
| MODULE PERFORMANCE DESCRIPTOR | |
|---|---|
| Explanatory Text | |
| The calculation of the overall grade for this module is based on 100% weighting of C1. An overall minimum grade D is required to pass the module. | |
| Module Grade | Minimum Requirements to achieve Module Grade: |
| A | The student needs to achieve an A in CW1. |
| B | The student needs to achieve a B in CW1. |
| C | The student needs to achieve a C in CW1. |
| D | The student needs to achieve a D in CW1. |
| E | The student needs to achieve an E in CW1. |
| F | The student needs to achieve an F in CW1. |
| NS | Non-submission of work by published deadline or non-attendance for examination |
| Module Requirements | |
|---|---|
| Prerequisites for Module | None. |
| Corequisites for module | None. |
| Precluded Modules | None. |
| INDICATIVE BIBLIOGRAPHY | |
|---|---|
| 1 | GORDON,PATERSON & USENMEZ, eds., 2018, UK Oil and Gas Law: Current Practice and Emerging Trends, 3rd edition, Edinburgh University Press, Vols. I & II |
| 2 | TAVERNE B, 2008 Petroleum, Industry and Governments, International Energy and Resources Law and Policy Series, Alphen aan den Rijn, Kluwer Law International |
| 3 | HAMMERSON & ANTONAS (eds.) 2016, Oil and Gas Decommissioning Law, Policy and Comparative Practice, 2nd edition, Globe Law and Business Publishers |
| 4 | Online Legal Database: Oil, Gas and Energy Law legal Journal (OGEL) (Law Library) |