London: £4,500.00 (Excl. VAT) per delegate for 1 week. Dubai: $5,850.00 (Excl. VAT) per delegate for 1 week.

18th-22nd March 2024 (London, UK), 12th-16th August 2024 (London, UK), 14th-18th October 2024 (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.
Fees	London: £4,500.00 (Excl. VAT) per delegate for 1 week. Dubai: $5,850.00 (Excl. VAT) per delegate for 1 week.