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Oil & Gas Field Unitisation and Equity Redetermination

Dates Venues Register
05/10/2025 - 09/10/2025 DUBAI

Introduction

Oil & Gas Field Unitisation and Equity Redetermination

Objectives

At the end of this GLOBAL FRANCHISE training course, you will learn:

  • International oil and gas legal and technical principles used in unit operations
  • The key legal and commercial issues that arise in a unitization
  • Issues to consider when preparing a UUOA for a specific project
  • Specific issues to be considered in a cross‐border unitization
  • Provisions aimed at limiting liability of adjoining operators / contractors

Who Should Attend?

This training course is suitable to a wide range of professionals but will greatly benefit:

  • Commercial Manager
  • Legal Counsels / Advisors
  • Commercial Lawyers
  • Negotiators
  • Project Owners
  • Project Directors / Managers
  • Project Engineers / Planning Engineers
  • Operation Managers
  • Contract / Agreement Managers / Specialists
  • Financial Controllers / Finance Managers
  • Business Development Managers

Course Outline

Day One

What is Unitisation?

  • The Development of the Concept of Unitisation
  • Different Approaches to Unitization
  • Terminology in Unitisation Agreements
  • Pooling and Unitization, Voluntary & Mandatory
  • Order of Unit Operation of Pool
  • Multiple Leases

Documenting Unitization

  • Where the Unitisation Agreement Fits within the Upstream Contractual Regime
  • The Need for a Pre-unitisation Agreement
  • Important Provisions of a Pre-unitisation Agreement
  • The Essential Elements of an Unitisation Agreement
  • The Structure of an Unitisation Agreement
Day Two

Key Concept Affecting Unitization Agreements

  • Determination of the Initial Tract Participation / Unit Interest
  • Change in the Unit Area
  • Units and Unit Operating Agreements
  • Redetermination
  • How does the redetermination process work in practice?
  • The Re-determination Process – The Role of the Expert
Day Three

UUOA - Unit Operating Agreements & Unitisation

  • Connecting-up the Dots between Unitization and UOA
  • Unitisation in Practice
  • Government Approval
  • Important Pits Falls to Avoid in UOAs
Day Four

Key Issues in UUOAs

  • A One-Size Fits All UUOA
  • Tract Participation
  • Determination and Re-determination Provisions
  • Role of the Expert
  • Unit Operating Committee Voting Thresholds
  • Default of Parties
  • Specific Unitization Issues for LNG Export Projects
Day Five

Transboundary Unitization and Boundary Disputes

  • Examples, including Netherlands, UK and Norway, Nigeria, Saudi Arabia and Kuwait
  • Transboundary Developments
  • Resolving Transboundary Disputes
  • Case Studies on Transboundary Disputes

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