Oil & Gas Contracts: Principles & Practice, 3rd Edition | 2022*

**Expected delivery period: 14- 28 working days

A handbook outlining the legal aspects of upstream, midstream, and downstream petroleum contracts.

• The text discusses standard industry documents that establish the legal framework for petroleum contracts across the upstream, midstream, and downstream sectors. It includes commentary on their application to energy transactions and related matters.
• Examines matters concerning mineral laws, including licensing, as well as agreements involving host governments and intergovernmental arrangements.
• Reviews preliminary participation agreements, including those addressing confidentiality, areas of mutual interest, joint studies, joint bidding, and joint well operations. Also evaluates contracts for data exchange and sharing, as well as the enforceability of reasonable endeavor and best endeavor clauses.
• Reviews model joint operating agreements, including their structure, content, accounting procedures, and trust deeds.
• Analyzes drilling, procurement, and service contracts.
• Explores unitization principles and agreements, addressing pooling and other joint development strategies, pre-unit agreements, UUOA and JOA relationships, petroleum lifting and commingling principles, balancing agreements, title interests, and allocation or substitution agreements.
• Provides guidance on petroleum management contracts, such as those for processing and operational services, third-party infrastructure access, gas liquefaction and LNG regasification project structures, terminal access, and service provision agreements.
• Examines oil, gas, and LNG sales contracts, detailing their specific terms.
• Reviews shipping contracts, including ship leasing, time and voyage charter-party terms, contracts of affreightment, and bills of lading.
• Assesses pipeline transportation contracts, focusing on transporter and shipper perspectives, pipeline system rules, interfaces between sales and transportation contracts, cross-border pipeline investment protection, agreements for pipeline crossings and tie-ins, and pipeline capacity management agreements.
• Covers interest sale and purchase contracts, such as asset exchange, farm-out, and earn-out agreements, addressing pre-emption rights, due diligence, representations, and warranties.
• Addresses decommissioning and security agreements.
• Includes contractual provisions for constructing petroleum infrastructure.
• Analyzes corporate and project finance agreements, including contingent considerations, royalty deeds, volumetric production payments, reserves-based lending agreements, debt prioritization, and security interests.
• Reviews mechanisms for resolving disputes in oil and gas contracts and projects, including negotiation, arbitration, and judicial processes, as well as governing law and jurisdiction clauses.
• Edited by leading oil and gas attorney Peter Roberts and authored by a team of industry experts.
• The 3rd edition introduces new dedicated chapters on Petroleum Royalty Agreements and Environmental, Social, and Governance (ESG) Provisions.

Table of Contents of Oil & Gas Contracts: Principles & Practice, 3rd Edition | 2022 :

General Connections
Part 1 – Project Establishment
•    The chemistry, geology, economics and monetization of oil and gas
•    Upstream concessions and contracts
•    Joint study and bid agreements
•    Joint operating agreements
•    Unitisation and redetermination
•    Drilling and service contracts

Part 2 – Project Definition
•    Petroleum processing and third party access
•    Gas storage
•    Petroleum pipeline projects
•    Crude oil sales and trading contracts
•    Natural gas sales and trading contracts
•    LNG sales and trading contracts
•    Shipping

Part 3 – Project Management
•    Acquisitions and divestments in the upstream sector
•    Construction contracts
•    Financing
•    Petroleum royalty agreements
•    Decommissioning
•    Dispute resolution clauses
•    Environmental, Social, and Governance (ESG) Provisions

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