Introduction:
An in-depth review and analysis of the production, processing, storage, and sales and marketing process, environmental issues and regulation, contracting issues and obstacles, and key terms and conditions in a sales agreement. Designed and presented by a senior English lawyer with many years’ professional experience working in the global upstream and downstream oil and gas sectors, covering technical, operational, and legal or regulatory matters crucial for any business operating in the natural gas industry.
Course Objectives:
Learn about the basic processes, and procedures used in the production and development of a natural gas plant; the law and practice related to developing and operating a natural gas plant; the various legal and operational issues which arise in connection with production, development, and sales of natural gas. Perfect your industry knowledge of the natural gas business and make yourself a better negotiator of natural gas contracts.
This will enable the team to:
- Mid-level to Senior legal practitioners/professionals, preferably with some prior exposure to working in the oil and gas industry Mid- to senior-level Contracts & Procurement staff working in the oil, and/or natural gas industries
- Finance personnel working in the oil and gas sector Operations personnel in the oil and gas businesses, looking to broaden their understanding of natural gas production, processing, and contracting
Who Should Attend?
The course provides an outline of all significant aspects and concerns of project management for those who are involved in the planning, scheduling, monitoring, reporting, and control of projects within the industrial environment. This includes engineers, project and team managers, leaders, project team members, and business consultants.
Course Outlines:
General Principles of Natural Gas Extraction, and Processing
- Nature of gas; origin, exploration, and production
- Gas processing, and storage
- Conventional and unconventional gas
- Natural gas regulation
- Industrial emissions, smog and acid rain, emissions control, and Environmental issues
Project Structuring and Contracting
- Sales and transportation of gas by pipeline
- Transporter and shipper obligations
- Ship or pay
- Transporter/shipper failure
- Regulatory issues
- Gas sales contracts
- Off-spec gas
- Measurement of production
- Quantities, rates, and reserves
Key Terms in a Gas Sale and Purchase Agreement
- Nomination and scheduling
- Shortfall
- ‘Undertake’ and ‘Overtake’ gas
- Gas pricing (and compared with LNG pricing)
- Price review provisions
- Take and pay, and take or pay
- Make-up, and carry-forward