Tuesday & Wednesday

13th/14th March 2001

Radisson Portman Hotel

LONDON W1

Option to attend one day only

Langham Oil Conferences Ltd

OIL AND GAS AGREEMENTS 

Law Society CPD Accreditation 10 hours 

Introduction

The Twentieth Anniversary

'We took a look at the very first programme. The UK's upstream industry was in its infancy - energy lawyers were a new breed, the City law firms were desperately trying to persuade the incoming American and European oil companies (and themselves) that they knew something about E&P agreements, the (Old) Labour Government was determined to do something Socialist about windfall profits. There was a frontier spirit in the air, and the programme wrote itself - what's a JOA? How do you mean, unitisation? Surely we don't need to worry about abandoning the damn things! Heady days….

Twenty years on, the UK is probably the most sophisticated petroleum province in the world, and this year's programme has a fey, post-ironic air about it compared to the first - the universe has changed dramatically for energy lawyers, because it encompasses so many different issues and the lines between upstream, midstream and the power sector have become so blurred.

There will always be a place for the core agreements, because new lawyers and commercial people come into the field all the time, but these days the talks focus on how they have developed and what those developments mean to practitioners. The rest of this year's programme would have seemed bizarre to the grizzled burnouts (sorry, we meant the distinguished current senior energy partners and general counsels) who attended our first Oil and Gas Agreements conference. Electricity? Europe? FPSO's and Lifting Agreements? What did they have to do with E&P? They are the future now.

The world of the energy law practitioner and his or her commercial colleagues has changed dramatically. It has become far more complex and fluid, and it keeps on evolving. Langham is proud to have been a part of the development of a group of energy lawyers in Europe who are the equal of their peers anywhere in the world. If the hydrocarbon reserves hold out, we look forward to presenting the Fortieth Anniversary Conference!'

09.00

Registration and Coffee

09.30

Joint Operating Agreements

Context : legal framework compared to common practices and new developments - contractual framework and scope of activities - interests of parties and protection of interests - operational control and decision making - default, pre-emption and assignment liabilities - sole risk, non-consent and withdrawal

10.20

Coffee

10.50

Tax/Royalty Agreements & PSAs - 'Are they that different? Let's be Controversial!'

11.40

Dispute Resolution in the Oil and Gas Sector - Dispute Resolution in the Energy Sector

A description of the principal types of dispute resolution - which dispute resolution mechanism is most appropriate for my contract? - ICC, LCIA, UNCITRAL - when is expert determination appropriate? - drafting the dispute resolution clause - common pitfalls and how to avoid them - mediation - tiered dispute resolution procedures - recent developments / trends

12.30

Luncheon

14.00

FPSO Agreements and Lifting Agreements

14.50

Coffee

15.20

LNG Agreements

Traditional approach and new developments - pricing and other terms - links to electricity and other markets

16.10

Panel Discussion and Questions

16.40

Close of Day's Proceedings

09.00

Registration and Coffee

09.30

Commingling and Allocation Agreements

Commingling - the confluence of the upstream contractual framework - allocation, attribution and substitution, the basics - inter-user fields agreements - inter-field liabilities, dealing with new entrants and off-specification gas - reformation - reconfiguring traditional upstream commingling arrangements for the evolving gas market

10.20

Coffee

10.50

European Cross Border Gas Transmission Agreements

Legislative & regulatory background - local circumstances - system characteristics - governing law & jurisdiction - access & commercial terms

11.40

Review of Fuel Supply Agreements and Power Purchase Agreements

12.30

Luncheon

13.50

Oil and Gas Acquisitions in a European Context

Overview of M&A activity - strategies for business - why did winners win? - why did losers lose? - why did some winners lose by winning? - what next in 2001?

14.40

Tea

15.20

European Wholesale Electricity Trading - The EFET Master Agreement

Brief overview of wholesale electricity trading market in Europe, with particular emphasis on Germany. European Federation of Energy Traders - its role in developing an industry standard trading document. Master Agreement - review of key clauses including early termination, force majeure, limitation of liability and close-out netting. Future developments - Credit Support Annex and country specific terms. Market reaction - will the Master Agreement be used by market participants?

16.10

Electricity Trading Agreements (after the Pool)

17.00

Panel Discussion and Questions

17.20

Close of Conference

Tuesday 13th and Wednesday 14th March, 2001

The Radisson SAS Portman Hotel, 22 Portman Square, London W1H 9FL

Tel: + 44 (0) 20 7208 6000 Fax: +44 (0) 20 7224 4928

Web: http://www.radissonsas.com

Marble Arch (central line)

For delegates wishing to stay in London we have arranged a special discounted rate with the Radisson Portman Hotel. Please contact them direct if you wish to make a reservation.

The fee is £850.00 (+VAT) for the two-day conference and £425.00(+VAT) for delegates attending only one of the days. For companies sending more than one representative the fee is reduced to £820.00 (+VAT) and £410.00 (+VAT) per person. Both fees include full course documentation, mid-session refreshments and lunch.

Bookings can be made by email, telephone or fax. Payment can be made by credit card or cheque made payable to: Langham Oil Conferences Limited or by direct bank transfer to: National Westminster Bank plc, PO Box 3038, 57 Victoria Street, London SW1H 0HN. Account Name: Langham Oil Conferences Limited. Account No: 48283924. Sort Code: 56 00 33. Please quote reference number: MT109, your name and company name when making the payment. (vat registration no. 424 5179 56)

Substitutions may be made at any time. Cancellations received (in writing) before 1st March will be refunded in full less a 10% administration charge. Registered delegates who do not attend or who cancel less than two weeks prior to the event will be liable for the entire fee.

Law Society CPD Accreditation 10 hours

To Book or for further information:

Eas -e book

phone:00 44 150 988 1022

fax: 00 44 150 988 1576

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