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International Oil and
Gas Contracts in Lagos
Gain a competitive edge in the preparation and documentation of oil and
gas contracts with a 3 day course on International Oil and Gas
Contracts.
Contracts are what makes the oil and gas industry work. If the Nigerian oil
industry is to flourish in a tough global market, its vital that local companies
and lawyers can prepare and implement contracts that enable Nigerias oil and
gas businesses to compete internationally.
At this 3 day course delegates will obtain a thorough knowledge of how to
prepare oil and gas contracts in the context of different regulatory regimes. They
will get an insight into the contract matrix for a typical oil and gas investment
and how such contracts relate to one another.
By understanding the key issues in oil and gas contracts, delegates will be able
to create value for their organisations and for their own career development.
COURSE DATE
21-23September 2015
VENUE
One of the most exuberant cities
in Africa, as well as being a major
centre for the continents oil industry,
Lagos has a thriving commercial
centre and fascinating historical sites
and markets. The training venue will
be a 5 star business hotel on the
conveniently located Victoria Island.
WHO SHOULD ATTEND
Attendees of the International Oil and Gas Contracts
course are drawn from Legal Practices, NOCs, IOCs, and
professional services firms that serve the petroleum business.
As well as in-house lawyers, and private practice lawyers
engaged in oil and gas law, commercial managers, project
managers and government officials whose roles involve
contracts and negotiations will benefit from this course.
 Learn how to use industry negotiation documents to best advantage
 Understand the key issues to be addressed in standard oil and gas contracts
 Know the legal and practical nuances of so called boiler plate provisions
 Identify the best dispute resolution mechanisms for all contracts
 Have an intuitive understanding of the different types of commercial contracts, how they fit	
together and their commercial drivers
 Recognise the relative positions, roles and obligations of all parties, whether government,		
national oil company or international oil company
 Have increased confidence and credibility in negotiations, arbitration and dispute resolution
BY ATTENDING THIS COURSE, DELEGATES WILL:
BOOKING
4 easy ways to book:
1. Call us - Tel: +44 203 239 0807
2. Email us: training@warrenbusinessconsulting.com
3. Online: www.warrenbusinessconsulting.com
4. Write to us: Warren Business Consulting, New Bond House, 124
New Bond Street, London, W1S 1DX, United Kingdom
Delegates from the following companies have attended our training:
COURSE DIRECTOR
About Bryan Gundersen
Acknowledged as one of the
worlds leading oil and gas
lawyers by the International
Whos Who of Energy
Lawyers and numerous other
publications, Bryan brings over
30 years experience in energy
law to this course.
As a course director, Bryan
aims to inspire his audience
with a combination of
compelling case studies, group discussion and challenging
exercises. Amidst all his legal successes, he says, there is nothing
quite like being able to help the next generation master the legal
complexities of our industry.
In his professional career Bryan has acted for the New Zealand
Government, state owned enterprises and a variety of major
American, European, Japanese, Australian and New Zealand
companies. He has been involved in contracts and negotiations
at almost every stage of a project lifecycle, from exploration to
decommissioning. He is familiar with the Lagos market, having run
several courses here in the past.
He is also the author or co-author of over 100 articles, books
and papers on the energy sector and oil and gas legislation, and
a regular speaker and chair at industry events. He is a former
chairman of LawAsia Energy and the Energy Law Association of
New Zealand.
TESTIMONIALS
From participants in our Contracts & Negotiations courses
The training was great, very helpful in appreciating the
issues with PPAs
The course material is very informative and borne out
by deep research and experience 
The course content has been very deep and good value
for money.
He [the trainer] is clearly experiencedhis responses
to questions were inspired
[The course will] highly increase [my] negotiation
skills of commercial contracts.
The course was excellent. I learned a lot. It was way
above expectations.
.. so informative and an exposure to the practical
challenges in the oil and gas industry. It will surely
make me a better legal advisor and drafter of oil and gas
legislation.
increased [my] understanding of commercial contracts
and the  ability to become involved in negotiations.
What are the trends within the
oil and gas sector that make
this course so relevant?
 The increasing need to build local
capacity as large IOCs divest from
Nigeria and indigenous firms acquire
upstream assets
 Interest from foreign investors and 	 	
international law firms in Africas 	 	
energy market
 The changing relationship between 	 	
international oil companies (IOCs), 	 	
national oil companies (NOCs) and 	 	
service companies
 The Petroleum Industry Bill and its 	 	
potential impact on the industry
 Price volatility and its impact on 	 	
contracts
 New technologies and new sources of 	 	
energy
 Environmental and geopolitical concerns, 	
especially around health and safety
www.warrenbusinessconsulting.com
BOOKING
Book a place
Price: $2,300*
Booking is complete upon payment.
Included in the price:
Tuition, course materials, lunches and refreshments
Discounts (one discount per booking only): 					
 $300 discount (price $2,000) if delegates book 3
months before the course date.
 Group discount for delegates from the same
company: 5 for the price of 4.
4 easy ways to book:
1. Contact us in London on Tel: +44 203 239 0807
2. Email: training@warrenbusinessconsulting.com
3. Online: www.warrenbusinessconsulting.com
4. Mail: Warren Business Consulting, New Bond House, 124
New Bond Street, London, W1S 1DX, United Kingdom
4 easy ways to pay:
1. Bank transfer
2. Cheques
3. Credit card
4. Online
Booking is complete, and your place guaranteed, upon receipt of payment of our invoice. If you have to cancel your place the following policy will
apply: cancellation within 1-14 days of the programme start 100% charge; 15-30 days 50% charge; 31+ days 10% charge. A colleague can take
your place, subject to a 10% administration charge. Warren Business Consulting is not liable for any costs incurred by delegates in the unfortunate
event that the course is cancelled. Delegates are responsible for arranging their own travel and accommodation and associated costs. Warren Business
Consulting reserves the right to change or cancel any part of the published programme due to unforeseen circumstances. Delegates are responsible for
obtaining visas, and medical and travel insurance.
*If our invoice is issued to a UK business, VAT will be added at the prevailing UK rate (currently 20%). Our VAT number is 211 1256 70.
www.warrenbusinessconsulting.com
Day 1
The role of contracts
in the oil  gas sectors
 Upstream
	Midstream
	Downstream
Legal and administrative framework for oil 
gas operations
 Statutory permit regimes
	Concession/production sharing		
regimes
	Common law/private property regimes
Key issues in oil  gas negotiation
documentation
 Minutes, Letters of intent, Heads of Agreement,
Memorandums of Understanding
	Draft contracts
Key issues in upstream oil  gas contracts
 Confidentiality agreements
	Production sharing agreements
	Bidding agreements
	Joint operating agreements
	Farm in agreements
	Drilling and service agreements
Day 2
Key issues in upstream oil  gas contracts
 Lifting Agreements
	Gas Balancing Agreements
Key issues in wholesale product supply
agreements
 What drives petroleum markets?
	Physical markets and global			
reference markers
	Paper markets
	Crude oil characteristics
	Gas supply agreements
	Crude oil sales agreements
Framework for downstream operations
	Refining process
	Refined products
	Hubs and market dynamics
	Transportation and International Commercial	
Terms (Incoterms)
Key issues in downstream product supply
agreements
	Jet fuel sale and purchase agreements
Understanding the role of related oil  gas
contracts
	Abandonment agreements
	Unit operating agreements
	Financing agreements
Day 3
Generic issues
	Force Majeure
	Termination and transition
	Termination for convenience
	Boiler plate provisions (so called)
Oil  Gas Contracts with government and state-
owned enterprises
	Ultra vires
	Executive necessity
	Sovereign immunity and sovereign risk
	Political risk
	Research and assessment
	Political risk insurance
	Contract risk management mechanisms
- Change in law
- Stabilisation
- Tax gross ups
- Compensation for termination
Dispute Resolution
	Informal procedures
	Formal procedures
	CEO meetings, mini-trials, mediation,			
independent expert, arbitration and court	
proceedings
International arbitration
	Private sector party to party oil  gas contracts
	With Governments
	International arbitration clauses
Wrap up and final QA
COURSE OVERVIEW
All sessions include case studies and exercises. Exact daily programme may be subject to change.
WARREN BUSINESS CONSULTING  ABOUT US
Helping talented individuals build their careers is an inspiring experience. At Warren Business Consulting our focus is on
developing tomorrows EP leaders.
We believe that a successful career in upstream oil and gas depends on a thorough understanding of the industrys
complexities. Technical expertise is not enough: to become a leader means understanding the geopolitics, the technology,
the finance, the many different stakeholders  as well as knowing how to get the best out of a team.
The firm was set up in 2006 by Angus Warren, an industry veteran whose career includes 15 years at BP. Since then,
hundreds of aspiring managers have been on our courses, in various locations around the world, as part of their career
development.
As well as the public MBA in Oil and Gas courses shown below, we run courses on Contracts and Negotiations and we
also deliver in-house courses customised to meet the clients specific requirements, at a location convenient to them. Our
product range is expanding rapidly so please check the website for latest developments.
For further information, email us at training@warrenbusinessconsulting.com or call +44 203 239 0807
London
June
November
Houston
May
December
Lagos
June
October
Tunis
October
March
Istanbul
November
April
Erbil
November
January
Kuala Lumpur
September
January
GLOBAL CALENDAR 2015/16
www.warrenbusinessconsulting.com
WBC Training Ltd, Company No 9454985. Registered address Archway house, 81-82 Portsmouth Road Surbiton, KT6 5PT UK
The Essentials of Oil and Gas Commercial Contracts  Negotiations
London  December
Erbil  November
ALSO DELIVERING:

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  • 1. International Oil and Gas Contracts in Lagos Gain a competitive edge in the preparation and documentation of oil and gas contracts with a 3 day course on International Oil and Gas Contracts. Contracts are what makes the oil and gas industry work. If the Nigerian oil industry is to flourish in a tough global market, its vital that local companies and lawyers can prepare and implement contracts that enable Nigerias oil and gas businesses to compete internationally. At this 3 day course delegates will obtain a thorough knowledge of how to prepare oil and gas contracts in the context of different regulatory regimes. They will get an insight into the contract matrix for a typical oil and gas investment and how such contracts relate to one another. By understanding the key issues in oil and gas contracts, delegates will be able to create value for their organisations and for their own career development. COURSE DATE 21-23September 2015 VENUE One of the most exuberant cities in Africa, as well as being a major centre for the continents oil industry, Lagos has a thriving commercial centre and fascinating historical sites and markets. The training venue will be a 5 star business hotel on the conveniently located Victoria Island. WHO SHOULD ATTEND Attendees of the International Oil and Gas Contracts course are drawn from Legal Practices, NOCs, IOCs, and professional services firms that serve the petroleum business. As well as in-house lawyers, and private practice lawyers engaged in oil and gas law, commercial managers, project managers and government officials whose roles involve contracts and negotiations will benefit from this course. Learn how to use industry negotiation documents to best advantage Understand the key issues to be addressed in standard oil and gas contracts Know the legal and practical nuances of so called boiler plate provisions Identify the best dispute resolution mechanisms for all contracts Have an intuitive understanding of the different types of commercial contracts, how they fit together and their commercial drivers Recognise the relative positions, roles and obligations of all parties, whether government, national oil company or international oil company Have increased confidence and credibility in negotiations, arbitration and dispute resolution BY ATTENDING THIS COURSE, DELEGATES WILL: BOOKING 4 easy ways to book: 1. Call us - Tel: +44 203 239 0807 2. Email us: training@warrenbusinessconsulting.com 3. Online: www.warrenbusinessconsulting.com 4. Write to us: Warren Business Consulting, New Bond House, 124 New Bond Street, London, W1S 1DX, United Kingdom Delegates from the following companies have attended our training:
  • 2. COURSE DIRECTOR About Bryan Gundersen Acknowledged as one of the worlds leading oil and gas lawyers by the International Whos Who of Energy Lawyers and numerous other publications, Bryan brings over 30 years experience in energy law to this course. As a course director, Bryan aims to inspire his audience with a combination of compelling case studies, group discussion and challenging exercises. Amidst all his legal successes, he says, there is nothing quite like being able to help the next generation master the legal complexities of our industry. In his professional career Bryan has acted for the New Zealand Government, state owned enterprises and a variety of major American, European, Japanese, Australian and New Zealand companies. He has been involved in contracts and negotiations at almost every stage of a project lifecycle, from exploration to decommissioning. He is familiar with the Lagos market, having run several courses here in the past. He is also the author or co-author of over 100 articles, books and papers on the energy sector and oil and gas legislation, and a regular speaker and chair at industry events. He is a former chairman of LawAsia Energy and the Energy Law Association of New Zealand. TESTIMONIALS From participants in our Contracts & Negotiations courses The training was great, very helpful in appreciating the issues with PPAs The course material is very informative and borne out by deep research and experience The course content has been very deep and good value for money. He [the trainer] is clearly experiencedhis responses to questions were inspired [The course will] highly increase [my] negotiation skills of commercial contracts. The course was excellent. I learned a lot. It was way above expectations. .. so informative and an exposure to the practical challenges in the oil and gas industry. It will surely make me a better legal advisor and drafter of oil and gas legislation. increased [my] understanding of commercial contracts and the ability to become involved in negotiations. What are the trends within the oil and gas sector that make this course so relevant? The increasing need to build local capacity as large IOCs divest from Nigeria and indigenous firms acquire upstream assets Interest from foreign investors and international law firms in Africas energy market The changing relationship between international oil companies (IOCs), national oil companies (NOCs) and service companies The Petroleum Industry Bill and its potential impact on the industry Price volatility and its impact on contracts New technologies and new sources of energy Environmental and geopolitical concerns, especially around health and safety www.warrenbusinessconsulting.com
  • 3. BOOKING Book a place Price: $2,300* Booking is complete upon payment. Included in the price: Tuition, course materials, lunches and refreshments Discounts (one discount per booking only): $300 discount (price $2,000) if delegates book 3 months before the course date. Group discount for delegates from the same company: 5 for the price of 4. 4 easy ways to book: 1. Contact us in London on Tel: +44 203 239 0807 2. Email: training@warrenbusinessconsulting.com 3. Online: www.warrenbusinessconsulting.com 4. Mail: Warren Business Consulting, New Bond House, 124 New Bond Street, London, W1S 1DX, United Kingdom 4 easy ways to pay: 1. Bank transfer 2. Cheques 3. Credit card 4. Online Booking is complete, and your place guaranteed, upon receipt of payment of our invoice. If you have to cancel your place the following policy will apply: cancellation within 1-14 days of the programme start 100% charge; 15-30 days 50% charge; 31+ days 10% charge. A colleague can take your place, subject to a 10% administration charge. Warren Business Consulting is not liable for any costs incurred by delegates in the unfortunate event that the course is cancelled. Delegates are responsible for arranging their own travel and accommodation and associated costs. Warren Business Consulting reserves the right to change or cancel any part of the published programme due to unforeseen circumstances. Delegates are responsible for obtaining visas, and medical and travel insurance. *If our invoice is issued to a UK business, VAT will be added at the prevailing UK rate (currently 20%). Our VAT number is 211 1256 70. www.warrenbusinessconsulting.com Day 1 The role of contracts in the oil gas sectors Upstream Midstream Downstream Legal and administrative framework for oil gas operations Statutory permit regimes Concession/production sharing regimes Common law/private property regimes Key issues in oil gas negotiation documentation Minutes, Letters of intent, Heads of Agreement, Memorandums of Understanding Draft contracts Key issues in upstream oil gas contracts Confidentiality agreements Production sharing agreements Bidding agreements Joint operating agreements Farm in agreements Drilling and service agreements Day 2 Key issues in upstream oil gas contracts Lifting Agreements Gas Balancing Agreements Key issues in wholesale product supply agreements What drives petroleum markets? Physical markets and global reference markers Paper markets Crude oil characteristics Gas supply agreements Crude oil sales agreements Framework for downstream operations Refining process Refined products Hubs and market dynamics Transportation and International Commercial Terms (Incoterms) Key issues in downstream product supply agreements Jet fuel sale and purchase agreements Understanding the role of related oil gas contracts Abandonment agreements Unit operating agreements Financing agreements Day 3 Generic issues Force Majeure Termination and transition Termination for convenience Boiler plate provisions (so called) Oil Gas Contracts with government and state- owned enterprises Ultra vires Executive necessity Sovereign immunity and sovereign risk Political risk Research and assessment Political risk insurance Contract risk management mechanisms - Change in law - Stabilisation - Tax gross ups - Compensation for termination Dispute Resolution Informal procedures Formal procedures CEO meetings, mini-trials, mediation, independent expert, arbitration and court proceedings International arbitration Private sector party to party oil gas contracts With Governments International arbitration clauses Wrap up and final QA COURSE OVERVIEW All sessions include case studies and exercises. Exact daily programme may be subject to change.
  • 4. WARREN BUSINESS CONSULTING ABOUT US Helping talented individuals build their careers is an inspiring experience. At Warren Business Consulting our focus is on developing tomorrows EP leaders. We believe that a successful career in upstream oil and gas depends on a thorough understanding of the industrys complexities. Technical expertise is not enough: to become a leader means understanding the geopolitics, the technology, the finance, the many different stakeholders as well as knowing how to get the best out of a team. The firm was set up in 2006 by Angus Warren, an industry veteran whose career includes 15 years at BP. Since then, hundreds of aspiring managers have been on our courses, in various locations around the world, as part of their career development. As well as the public MBA in Oil and Gas courses shown below, we run courses on Contracts and Negotiations and we also deliver in-house courses customised to meet the clients specific requirements, at a location convenient to them. Our product range is expanding rapidly so please check the website for latest developments. For further information, email us at training@warrenbusinessconsulting.com or call +44 203 239 0807 London June November Houston May December Lagos June October Tunis October March Istanbul November April Erbil November January Kuala Lumpur September January GLOBAL CALENDAR 2015/16 www.warrenbusinessconsulting.com WBC Training Ltd, Company No 9454985. Registered address Archway house, 81-82 Portsmouth Road Surbiton, KT6 5PT UK The Essentials of Oil and Gas Commercial Contracts Negotiations London December Erbil November ALSO DELIVERING: