Key Upstream Exploration & Production Agreements and Offshore MSAs

Negotiating Performance Remedies, Services, Termination, Indemnification, and Other Key Provisions

*** This program has been cancelled ***

A live 90-minute CLE webinar with interactive Q&A


Wednesday, July 12, 2017
1:00pm-2:30pm EDT, 10:00am-11:30am PDT


This CLE webinar will provide guidance to counsel involved in oil and gas development, with a particular focus on the upstream agreements that underpin such developments. The panel will discuss factors to consider and will outline the important terms and conditions to be addressed in the AAPL form Joint Operating Agreement, the IADC form Drilling Contract, and the offshore oilfield master service agreement (MSA).

Description

Exploration and production agreements and offshore MSAs are key upstream components in the development of oil and gas energy and have a significant impact on a project’s long-term success.

These agreements must address several key issues, including the operator’s responsibilities and obligations as well as termination, limitations on liability and indemnification, among others.

Legal counsel to oil and gas companies must understand the challenges, expectations and realities to structure such agreements that appropriately allocate risk from both the vendor and the operator perspectives.

Listen as our authoritative panel of energy attorneys examines the key issues involved in structuring and negotiating these agreements for oil and gas, offering insights on evolving industry norms and best practices. The panel will discuss key provisions as well as negotiating strategies.

Outline

  1. Joint Operating Agreement
  2. IADC form Drilling Contract
  3. Oilfield master service agreements

Benefits

The panel will review these and other key issues:

  • What are the critical provisions when structuring and negotiating these contracts?
  • What strategies should be used to structure these agreements to allocate risk?
  • What are counsel’s options to effectively negotiate these agreements?

Faculty

Norman E. (Skeet) Anseman, III, Partner
Jones Walker, Lafayette, La.

Mr. Anseman utilizes his practical, litigation experience to advise clients on a variety of energy and offshore contract matters and issues. He works with companies to draft all-encompassing contracts that take full advantage of the company’s risk allocation, including indemnity and insurance protection. He has broad experience analyzing, drafting, and revising master service agreements, onshore and offshore drilling contracts.

T Brooke Farnsworth, Partner
Farnsworth & vonBerg, Houston

Mr. Farnsworth focuses his practice on energy, business and commercial litigation. The matters he handles include natural gas contracts interpretation and application of federal and state regulation in both state and federal courts; preferential right to purchase disputes; operating agreements, farmout agreements, joint venture agreements and related disputes between working interest owners; and drilling and well-servicing contracts, master service agreements, liens and related matters.

Brian J. Shelton, Partner
Farnsworth & vonBerg, Houston

Mr. Shelton drafts, reviews and negotiates offshore and onshore agreements with a keen eye on risk allocation issues, helping clients minimize conflicts resulting from the interaction of contracts and various jurisdictions. He has drafted and negotiated hundreds of master service agreements, along with indemnity and release agreements, transportation and disposal agreements, bid package terms and conditions, and terms and conditions pertaining to the energy industry.


Live Webinar

Live Webinar $297.00

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This webinar is eligible for at least 1.5 general CLE credits.

CLE credits are not available for PR.

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