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The Production Sharing Agreement (PSA) is the most widely used host government contract in the oil and gas industry, and is becoming the leading choice for most countries in their relationship with International Oil Companies (IOCs). However, there are many jurisdictional variations, and being aware of and understanding these is crucial for oil and gas practitioners working in this space.This title is the first comparative treatment of this topic and provides a comprehensive, in-depth overview of Production Sharing Agreements in key oil and gas jurisdictions around the world. It offers a rich, critical analysis and evaluation, and features contributions from an international group of leading experts and academics who address the legal, economic and political aspects of PSAs. It also provides guidance on key recent developments by looking at jurisdictions' overall regulatory framework and their relationship with the PSA.This edition covers jurisdictions worldwide, including: -Brazil;-Indonesia;-Kazakhstan;-Nigeria; and-RussiaProduction Sharing Agreements: A Global Legal Handbook will be of interest to practitioners, academics and anyone who is involved in these contracts. It provides readers with a clear understanding of PSAs in different jurisdictions, and a variety of practical recommendations and takeaways.
An essential guide to the nature, purpose and terms of the legal agreements in oil and gas exploration, this new edition brings the work right up to date, and includes expanded sections on Joint Operating Agreements, agreements for services, and turnkey drilling contracts. Together with Oil and Gas Production Contracts, these books form the complete suite of upstream oil and gas agreements.
A thorough and systematic analysis of oil and gas production contracts, applicable world-wide, with practical, clause-by-clause guidance from some of the top practitioners in the energy industry. Together with Oil and Gas Exploration Contracts, this book completes the suite of upstream oil and gas agreements.
This book covers master service agreements, drilling contracts and construction agreements in the upstream oil and gas business with chapters on performance risk, incident risk and insurance, as well as negotiating, drafting and managing contracts. The author is a recognized expert with more than 30 years of experience in this area. This is an essential reference book not only for contract administrators, but also for purchasing groups, project managers and lawyers for both operators and contractors. The book provides critical information not taught in seminars, such as the chapter on the rules that apply when work is being performed, but there is no contract or only a very brief one. It analyzes how the region of the world in which a company operates influences which terms are the most heavily negotiated. It describes how insurance influences the drafting of various provisions related to allocating risk for personal injury, property damage and pollution. The book discusses not only the best practices in contract risk management, including limitation of liability, indemnity, insurance, and warranties, but also how they have evolved over time and the reasons for the evolution.
This new edition of our best-selling title outlines in a single volume the essential principles involved in documenting oil and gas transactions, from the upstream exploration phase to transportation by pipeline and liquefied natural gas to sales and marketing. It is intended as a practical guide for anyone seeking a better understanding of the commercial and legal principles involved.
An essential guide to the nature, purpose and terms of the legal agreements in oil and gas exploration, this new edition brings the work right up to date, and includes expanded sections on Joint Operating Agreements, agreements for services, and turnkey drilling contracts. Together with Oil and Gas Production Contracts, these books form the complete suite of upstream oil and gas agreements