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International Upstream Investments: Legal Framework

International Upstream Investments: Legal Framework. Warsaw 01/03/ 2013. 1. Types of Investor. Oil and Gas Company - IOC/NOC - Major Company - Independent Company - Small Company b) Others Oil and gas Service Companies Investment Fund. 2. Strategy. 2.1 Location O nshore

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International Upstream Investments: Legal Framework

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  1. International Upstream Investments: Legal Framework Warsaw 01/03/2013

  2. 1. Types of Investor • Oil and Gas Company • - IOC/NOC • - Major Company • - Independent Company • - Small Company • b) Others • Oil and gas Service Companies • Investment Fund

  3. 2. Strategy • 2.1 Location • Onshore • b) Offshore • b.1 shallow waters • b.2 deep waters

  4. 2. Strategy continuation • 2.2. Stage • Frontier • b) Traditional • c) Mature

  5. 2. Strategy continuation • 2.3. Type of play • Conventional • b) Unconventional • Shale gas • Tight Gas • Shale Oil • Etc

  6. 2. Strategy continuation • 2.4 Level of exposure • Political risk • b) Security Risk • c) Geological Risk • d) Technical Risk • e) Environmental Risk • f) Financial Risk (e.g. fiscal terms) • g) Bureaucracy Risks (e.g. delays)

  7. 3. Acquisition/Negotiation • Bid round/Direct Negotiation • - Concession Agreement/Licence • - PSC • - Service Contract • - Hybrid • *JSA/JBA • b) Farm-in • FOA • JOA

  8. 5. Investment Protections • BIT • b) DTT • c) Stabilisation Provision

  9. 6. Structure of the Investment • a) Is it required a local company by the local law? • b) If so should it be a subsidiary or a branch? What is the most efficient legal structure? • c) Should you have one block per contract ? • d) Should you have one contract per company?

  10. 7. Operations • Required Staff (local content issue) • b) Who are the companies available to operate in this environment? • Prepare and approve a WPB • d) How will you fund the operations? • d) Comply with local laws& Implement best practices

  11. 7. Conclusion • Clear goals • b) Efficient Structure • b) Flexibility • d) Agility

  12. Takk !! egp@strholding.com

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