Upstream oil and gas—exploration and production

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Practice notes
A director who is in any way, directly or indirectly, interested in:•a proposed transaction or arrangement with the company of which they are a...
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9th Nov
Practice notes
What is the ‘supplier of last resort’?When the Office of Gas and Electricity Markets (Ofgem) revokes a supply licence (usually because of insolvency),...
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Produced in partnership with Matthew Collinson of Igloo Energy 12th Jan
Practice notes
Brexit: The UK's departure from the EU on exit day, ie Friday 31 January 2020, has implications for practitioners considering applicable law. For...
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9th Nov
Practice notes
This Practice Note provides an introduction to retained EU law, which is an entirely new legal concept introduced to UK domestic law in preparation...
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9th Nov
Practice notes
Brexit: The UK's departure from the EU on exit day ie Friday 31 January 2020 has implications for practitioners considering the use of ADR as it may...
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9th Nov
Precedents
Option 1—deed executed by a company under its common seal (model articles, where the authorised signatory is an...
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9th Nov
Practice notes
Brexit: This Practice Note contains guidance on subjects impacted by the UK’s withdrawal from the EU. As of 31 January 2020 (exit day), the UK is no...
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Produced in partnership with Laura Bolado 12th Jan
Practice notes
STOP PRESS: This Practice Note is being reviewed in light of the 5 May 2020 agreement by most EU Member States to terminate their intra-EU bilateral...
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Produced in partnership with Joe Tirado, Partner of Garrigues UK LLP and Elisa Vicente, Senior Associate of J&A Garrigues, S. L. P. 12th Jan
Practice notes
Brexit: The UK's departure from the EU on exit day, ie Friday 31 January 2020, has implications for practitioners considering applicable law. For...
Read More >
9th Nov
Practice notes
Decommissioning security agreementsOil and gas companies are expected to return the seabed to its original state (subject to certain exceptions) by...
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Produced in partnership with Isla Stewart of Matheson 12th Jan
Precedents
Month means a calendar month; Close This is a suggested definition for the term 'month', which...
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9th Nov
Practice notes
What is a Turbine Supply Agreement (TSA)?The Turbine Supply Agreement (TSA) is a critical component of the contractual framework for a wind farm. This...
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Produced in partnership with James Bruce of Gowling WLG and Aniela Foster-Turner of Siemens Gamesa 12th Jan

Most recent Upstream oil and gas—exploration and production content

Practice notes
The Master Deed is the standardised process used in the oil and gas industry on the United Kingdom Continental Shelf (UKCS) to formalise asset...
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Produced in partnership with Isla Stewart of Matheson 15th Jan
Practice notes
The purpose and scope of petroleum agreementsIn order for a private sector participant (the ‘investor’) to carry out oil and gas exploration and...
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Produced in partnership with Joana Kay, Of Counsel in Oil & Gas of Orrick 15th Jan
Practice notes
ScopeA farm-out is, in effect, a mechanism pursuant to which the owner of a participating interest in certain oil and gas assets (the Farmor) agrees...
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Produced in partnership with Anna Nerush of Haynes Boone 15th Jan
Practice notes
IntroductionCommonly, oil and gas licence holders enter into separate joint operating agreements (JOA) which regulate the relationship between them...
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15th Jan
Practice notes
Role of oil service agreements in a petroleum projectA typical oil and gas project can be divided into four key stages:•exploration/appraisal—when a...
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Produced in partnership with Giulia Carloni 15th Jan
Practice notes
The joint operating agreement (JOA) has a number of key commercial provisions.ScopeThe scope of the JOA is, generally speaking, to 'establish the...
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Produced in partnership with Peter Roberts, Head of Oil & Gas of Orrick 15th Jan
Practice notes
1. First principlesIn the simplest case, a state will grant a concession granting the right to explore for and to produce petroleum to a single...
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Produced in partnership with Peter Roberts, Head of Oil & Gas of Orrick 15th Jan
Practice notes
What are knock-for-knock indemnities?A knock-for-knock clause is a reciprocal agreement to apportion liability for certain losses (usually, death or...
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Produced in partnership with Nicholas Neuberger of Bracewell LLP and Robert Meade of Bracewell LLP 15th Jan
Practice notes
In the first half of 2020, the oil market was facing shrinking capacities to store over-supplied oil, collapsing prices and plummeting demand. Oil and...
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Produced in partnership with Ben Holland and Michael Davar of Squire Patton Boggs 15th Jan
Practice notes
What is a force majeure clauseContractual force majeure (FM) clauses contain provisions which, where specified types of unforeseen circumstances...
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15th Jan
Practice notes
ScopeThe joint study and bid agreement (JSBA) is a contractual arrangement commonly used in the international oil and gas industry, where multiple...
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Produced in partnership with Anna Nerush of Haynes Boone 15th Jan
Practice notes
IntroductionA production sharing contract (PSC) is a contractual relationship between a host government and a private sector participant (‘investor’)...
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Produced in partnership with Joana Kay, Of Counsel in Oil & Gas of Orrick 15th Jan
Practice notes
The principal forum for the battle of wills between the operator and the non-operating parties is the operating committee (OpCom) (at least where a...
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Produced in partnership with Peter Roberts, Head of Oil & Gas of Orrick 8th Jan
Practice notes
IntroductionThe Industry Mutual Hold Harmless Scheme (IMHH) was introduced in 2002 following an in-depth cross-industry consultation process,...
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Produced in partnership with Isla Stewart of Matheson 8th Jan
Practice notes
UKCS Petroleum Project LifecycleThe lifecycle of a typical petroleum project on the UKCS can be viewed in the following stages:Each stage of an...
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Produced in partnership with Orrick, Herrington & Sutcliffe (Europe) LLP 8th Jan
Practice notes
Due diligenceIn common with mergers and acquisitions (M&A) transactions generally, prior to executing an acquisition in the context of the oil and gas...
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Produced in partnership with Giulia Carloni 8th Jan
Practice notes
IntroductionDuring the due diligence exercise, any issue raising concerns will be flagged up in the due diligence reports of the relevant team (legal,...
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Produced in partnership with Hussain Kubba of Norton Rose Fulbright 8th Jan
Practice notes
Licensing and RegulationRegulatory BodiesThe former Department of Energy and Climate Change (DECC) (now the Department of Business, Energy and...
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24th Dec

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