International Petroleum Transactions

Course content and description: International Petroleum Transactions considers the legal issues and transactions relating to the exploration, production, and marketing of petroleum—the most important commodity traded worldwide and hence the most politically charged. Coverage includes how countries establish and allocate sovereignty over petroleum, how countries settle competing claims to oil and gas reserves, how host governments or state-owned oil companies contract with private companies to explore and develop oil and gas resources, how companies contract with each other to share risk, how companies contract with drilling contractors and service providers; how petroleum is marketed; and how disputes are resolved.

Professor's goals: Help students develop better analytical skills--especially the ability to critically evaluate contracts and host government law. Help students gain a basic understanding of how crude oil and gas are exploited and marketed worldwide. Help students learn about the unique aspects of acquiring exploration and development rights in a foreign country, about pursuing those rights, and the legal ramifications of how exploiting parties realizes a return on this type of foreign investment.

Prerequisites, co-requisites, and sequencing: None—although students who have taken other oil and gas classes may be slightly advantaged over those who have not.

Course requirements: Regular class attendance, class preparation, and participation (including thoughtful responses to questions posed).

Materials: All materials will be furnished to the students electronically at no cost to students!


Class Details

Meeting Days Time Location
Monday, Tuesday 2:15 - 3:30 pm TNH 2.137
Evaluation Method Date Time Alpha Range Room
Paper

Additional Information

Course Type
Grading Method
Pass/Fail Allowed
Will use floating mean GPA if applicable
Features
  • 3 credit hours count toward ABA Experiential Learning Requirement

  • Textbooks

    • International Petroleum Transaction - Smith dzienkowski anderson
        Rocky mtn min l found , edition: 3rd
          (required)