International Petroleum Transactions

This course is designed to enhance the students´ knowledge of major types of international oil and gas agreements while providing practical, hands-on experience in contract drafting and negotiation. Students will be provided a detailed and realistic fact pattern showing how oil and gas deals are conceived of, proposed, negotiated and eventually formalized. The students will then apply the fact pattern to various types of oil and gas model agreements. In short, Professor Nadorff will show the students how an international oil and gas lawyer approaches every day oil and gas industry legal and commercial challenges, including how to navigate office “politics” and deal with various types of industry players. The course contains the following major components: • A discussion of the role of the contract drafters and negotiators in the oil and gas industry. • Practical tips on how to write contracts and other documents more clearly and effectively as well as identifying pitfalls to be avoided. • Contract drafting and negotiation strategies. • A discussion of pre-contractual documents (letters of intent, memoranda of association, etc), including an in-class review and re-write of a one sided letter of intent. • An introduction to the Association of International Petroleum Negotiators (AIPN) and the AIPN Model Form Contracts (including their proper use and potential abuse). • In class, on-screen editing by the students of key AIPN Model Form Agreements (most likely: Confidentiality, Farmout, Joint Operating Agreement, International Consultant, and Well Services). • In-class negotiations and other simulated exercises based on the supplied fact pattern.

Class Details

Meeting Days Time Location
Monday 3:45 - 5:25 pm TNH 3.126
Evaluation Method Date Time Alpha Range Room
Final 5/5/16 1:30 pm 2.138

Additional Information

Course Type
Grading Method
Pass/Fail Allowed
Features
Satisfies ABA Professional Skills Requirement

Textbooks

  • Oil Contracts: How to read and understand them (http://openoil.net/understanding-oil-contracts/) - P. Eigen, C. Kroon, H. M'cleod, S. Maples, E. Sirleaf, N. Mustafayev, J. Park, G. Peters, N. Stiller, L. Turyatemba, J. West, S.Winkler
      Open Oil , edition: N/A
      ISBN: N/A   (required)

Faculty

Nadorff, Norman J. Nadorff, Norman J.