Fundamentals of Unitization in Oil and Gas Production—OG 5006

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.
Zenith Professional Training