By way of attending this unique course, participants will gain the following:
Learn what is new among the 150+ countries that are competing against one another for a share of the finite amount of risk capital that the IOCs, and national oil companies (“NOCs”), have to invest.
Learn about how PSCs differ from Royalty/Tax Contracts and Risk Service Contracts - and why one format might be more attractive than the other
Understand the negotiation of Government Petroleum Contracts from the perspective of both the international oil company, on one hand, and the host government, on the other hand.
Discover the “three pillars of security of investment” under Government Petroleum Contracts.
Consider progressive fiscal regimes designed to provide stabilisation, as well as legal stabilisation mechanisms.
Learn about specific provisions to address expropriation per se, as well as "creeping expropriation" (increases in fiscal obligations), and how arbitral award enforcement treaties, such as the ICSID, and investment treaties give "teeth" to these provisions.
From the host country perspective - learn why countries such as Venezuela, Bolivia and Ecuador have exited from bilateral investment treaties and ICSID.
Understand the operation of international JOAs, international Farmout Agreements, international Study and Bid Group Agreements and international Area of Mutual Interest Agreements - and identify frequently over-looked problem areas.