Oil & Gas Technical

Fundamentals of Unitization in Oil and Gas Production-OGT 5002

03 Oct 22-07 Oct 22 (Dubai, UAE), 11 Jul 22-15 Jul 22 (London, UK), 07 Mar 22-11 Mar 22 (London, UK),

Course Overview

Recently, emerging developments abound in the oil and gas industry and one of which is unitization as a means of oil development and production. With increasing needs for production efficiency, cost reduction techniques and alternative funding sources, unitization as a production methodology is increasingly getting attention, consideration and acceptability.

 

Learning Outcome

The participants at the end of the course will be able to:

  • Discuss unitization as production concept
  • Identify stakeholders and their roles
  • Explain the accounting treatment and reporting
  • Understand the underlying laws and regulations both locally and international

 

Indicative Contents

  • Terminology, definitions and concepts
  • Drafting Unitization agreement
  • Unitization; operations and modalities
  • Approaches / alternatives to unitization
  • Equity determination and re-determination: conditions and procedure
  • Unitization accounting and reporting
  • Cross border issues and international law applications
  • Rights and obligations of partners to a unit
  • Arbitrations

 

More Detail
Duration This is a one-week programme spread over 5 working days.
Certification A certificate of completion is issued on successful completion of the programme.
Location (Dubai, UAE), (London, UK), (London, UK)
Travel and accommodation Travel and accommodation to be paid for at source by delegates.
Fees £4,250 (Excl. VAT) per delegate for 1 week.