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Oil & Gas Field Unitisation and Equity Redetermination

Dates Venues Register
14/06/2026 - 18/06/2026 KUALA LUMPUR

Introduction

Oil & Gas Field Unitisation and Equity Redetermination

Course Objectives

By the end of this course, participants will be able to:
• Understand the legal, technical, and commercial foundations of field unitisation
• Assess the need and triggers for equity redetermination
• Analyze reservoir data for reserve allocation and volumetric adjustments
• Negotiate and draft unitisation and redetermination agreements
• Manage multi-party coordination and dispute resolution processes

Intended Audience

This program is designed for:
• Petroleum engineers and reservoir analysts
• Legal advisors and contract managers in oil & gas
• Commercial managers and joint venture coordinators
• Government regulators and national oil company representatives
• E&P executives involved in field development strategy

 

Course Outline

Day 1: Foundations of Unitisation and Legal Principles

  • Module 1: Introduction to Field Unitisation 
    • History, rationale, and global practices
  • Module 2: Legal and Regulatory Frameworks 
    • Cross-border agreements, PSCs, and licenses
  • Module 3: Workshop – Review of a Unitisation Agreement 
    • Key clauses and negotiation considerations

Day 2: Reservoir Characterisation and Equity Principles

  • Module 4: Reservoir Modeling for Unitisation 
    • Geological and production data integration
  • Module 5: Equity Determination Approaches 
    • Volumetric, value-based, and performance-based methods
  • Module 6: Workshop – Initial Equity Determination Case 
    • Allocation based on shared reservoir estimates

Day 3: Redetermination Triggers and Technical Considerations

  • Module 7: Triggers for Equity Redetermination 
    • When and why to redetermine
  • Module 8: Redetermination Processes and Timelines 
    • Roles, procedures, and documentation
  • Module 9: Workshop – Simulating a Redetermination Scenario 
    • New data, reserve updates, and allocation changes

Day 4: Commercial Negotiation and Risk Management

  • Module 10: Stakeholder Engagement and JV Coordination 
    • Aligning interests and managing expectations
  • Module 11: Risk Mitigation and Dispute Resolution 
    • Arbitration, mediation, and expert determination
  • Module 12: Workshop – Draft a Redetermination Clause
  • • Dispute prevention through smart contract design

Day 5: Integrated Unitisation Planning and Future Trends

  • Module 13: Integrated Planning for Unitised Fields 
    • Operations, HSE, and investment coordination
  • Module 14: Digital Tools and Emerging Trends 
    • Data sharing platforms and AI in reservoir modeling
  • Module 15: Final Workshop – Build a Full Unitisation Plan 
    • Legal, technical, and commercial integration

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