8th March - 12th March 2021 (London, UK) 12th July - 16th July 2021 (London, UK) 4th October - 8th October 2021 (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. working days | ||
|---|---|---|---|
| Certification | A certificate of completion is issued on successful completion of the programme. | ||
| Location | Dubai-UAE, London-UK | ||
| Travel and accommodation | Travel and accommodation to be paid for at source by delegates | ||
| Fees | Course fees for tuition, materials and certification: £4,250(Excl.VAT) per delegate for 1 week. | ||
