Fundamentals of Unitization in Oil and Gas Production-OGT 5003

20 Mar 23-24 Mar 23 (London, UK), 07 Aug 23-11 Aug 23 (London, UK), 09 Oct 23-13 Oct 23 (Dubai, UAE),

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 (London, UK), (London, UK), (Dubai, UAE)
Travel and accommodation Travel and accommodation to be paid for at source by delegates.

London: £3,900.00 (Excl. VAT) per delegate for 1 week.

Dubai: $4,850.00 (Excl. VAT) per delegate for 1 week.