LLM International and Comparative Oil and Gas Law (Upstream)

Module Leader: Hephzibah Egede 

Teaching and assessment (2017-18): Semester 1, 1 x 3 hour examination 

Module description:

The module explores rules relating to exploration for, development and production of oil and gas. The main focus of the module is placed on different types of legal regimes used in different countries such as concessions, production-sharing agreements, joint ventures, service and hybrid contracts. Other relevant issues such as dispute settlement in oil and gas industry, expropriation, renegotiation of contracts, international institutional (OPEC, IEA) and legal framework are also examined.

Outline of seminar topics:

  • Historical Background, Present State of International Petroleum Industry and Trends in International Petroleum Investment
  • Petroleum Policies, Objectives and Legislation
  • Methods of Obtaining Petroleum Development Rights
  • Licensing Regime
  • Modern Concession Contracts
  • Production Sharing Contract
  • Risk Service Contract
  • Joint Ventures
  • Chinese Hybrid Contract