Contracting Fundamentals - A Practice Related Briefing for Non-Lawyers

Contracting Fundamentals - A Practice Related Briefing for Non-Lawyers course

Contracting Fundamentals - A Practice Related Briefing for Non-Lawyers

For efficient work in the upstream business, E&P lawyers need a comprehensive overview on geological and technical aspects as well as economics. Vice versa, engineers and finance experts should have a basic understanding of the system of upstream contracting. This course is designed for you to gain basic and practice related background-knowledge on a variety of typical onshore upstream contracts.

This Contracting Fundamentals course is designed precisely to give non-legal professionals a foundational understanding of a variety of typical onshore upstream contracts. Covering both theoretical and practical aspects, the course combines discussions with case studies and structured presentations to help delegates develop knowledge and confidence in:

  • The differences of the granting systems of exploration and exploitation rights
  • The concepts of the most relevant types of E&P contracts
  • The chain of contracts and the major elements required to establish and run a Joint Venture
  • Possible major pitfalls of the presented contracts
  • The importance and value of dispute resolution

Suitability - Who should attend?

This course is highly suitable for professionals with non-legal backgrounds who are involved with new onshore E&P opportunities and keen to learn more about the concepts of all types of relevant E&P contracts.

Training Course Content

The training course content will cover the following areas:

  • Contracts between E&P companies and authorities
    - Concession
    - Production Sharing Agreement
    - Service Agreement
  • Contracts between E&P companies and with contractors
    - Types of Joint Venture
    - Confidentiality Agreement
    - Letter of Intent / Memorandum of Understanding
    - Agreement on Area of Mutual Interest / Bid Group Agreement
    - Data Exchange Agreement
    - Term-Sheet
    - Farm-in and Farm-out Agreement / Sales and Purchase Agreement
    - Joint Operating Agreement
    - Accounting Procedures
    - Service Agreements on Seismic, Drilling and Well Services
    - Unitisation Agreement / Over-Underlift Agreement
    - Lifting Agreement
    - Gas Transport Agreement
    - Gas Sales Agreement
  • Dispute Resolution


The course fee includes tuition, course material, refreshments and lunch per session day and a 100 EURO non-refundable registration fee. Course fees do NOT include accommodation or living costs. Applicable taxes will be added.

The course is held at a top quality hotel with excellent meeting facilities.

Provider: HOT Engineering

HOTEngineering - Oil & Gas Courses, Reservoir Solutions & Quality Assurance

HOT – World Class Training for Oil & Gas Professionals

HOT is a leading oil and gas training provider and E&P consulting company. We come together as a multidisciplinary team, combining 33 years of training and consulting experience to deliver state of the art public courses, bespoke in-house courses, long-term...

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Contact information for HOT Engineering

HOT Engineering

Parkstrasse 6
A-8700 Leoben

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