JOA workshop report

Transcription

JOA workshop report
JOINT OPERATING AGREEMENT
3-day Workshop (28th Feb –1st March 2016) Tehran
JOINT OPERATING AGREEMENTS WORKSHOP REPORT
Sponsor
Models
3-day
WorkshopOrganizer
(28th Feb –1st JOA
March
2016) Publication
| Tehran-Iran Page | 0
Association of Petroleum Industry
Engineering and Construction Companies
Creative Business Consultancy
Energy
Association of International
petroleum Negotiators
Global Law and Business
JOINT OPERATING AGREEMENT
3-day Workshop (28th Feb –1st March 2016) Tehran
Introduction
On 28th Feb-1st March 2016, the Joint Operating Agreements (JOA) workshop was held by CBC Oil and
Gas with the support of APEC (Association of Petroleum Industry Engineering and Construction
Companies) in Tehran Grand Hotel, Tehran, Iran, to introduce the oil and gas industry’s joint agreements
to the related companies by Dr. Eduardo G. Pereira who has received his post doctorate degree in joint
agreements from Oxford university and has both the academic and the practical experience in this field.
This workshop was held to present the new form of contracts which was brought into consideration by
IPC (Iran Petroleum Contract), a new pattern of Iran oil and gas industry contract introduced by Iran Oil
Ministry in the post nuclear sanction era (2015).
The audiences of this workshop were directing mangers, legal mangers/experts, contract
mangers/experts, business development managers/experts from the governmental and private Iranian
and international enterprises.
This report aims to summarize the event and recapitulate the main data and relevant records of the JOA
workshop.
Sponsor
Association of Petroleum Industry
Engineering and Construction Companies
Organizer
Creative Business Consultancy
Energy
JOA Models
Publication
Association of International
petroleum Negotiators
Global Law and Business
Page | 1
JOINT OPERATING AGREEMENT
3-day Workshop (28th Feb –1st March 2016) Tehran
Seminar Objectives
The main purpose of this workshop was:

Introducing the Joint Operating Agreements

Bringing the international real cases into consideration
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Reviewing the success and failure factors for JOA
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Practicing the academic and professional experiences

Providing the collaboration atmosphere for the both national and international companies to
share their knowledge
Sponsor
Association of Petroleum Industry
Engineering and Construction Companies
Organizer
Creative Business Consultancy
Energy
JOA Models
Publication
Association of International
petroleum Negotiators
Global Law and Business
Page | 2
JOINT OPERATING AGREEMENT
3-day Workshop (28th Feb –1st March 2016) Tehran
Speaker
Dr. Eduardo G. Pereira
Attorney/International Energy Consultant
Adjunct Professor of Energy Law
Dr. Pereira has been active in the oil and gas industry for several years and is an international
expert on joint operating agreements. His experience in this area – both academic and practical
– is extensive. He played a key role in assisting Petra Energia in becoming Brazil’s leading
onshore oil and gas company and developing its international business throughout Europe,
Africa and Asia.
Dr. Pereira has practical experience in over 40 jurisdictions covering America, Europe, Africa
and Asia. Dr Pereira concluded his doctoral thesis on oil and gas joint ventures at the University
of Aberdeen. He is an adjunct professor of energy law at the University of Eastern Finland Law
School, visiting adjunct professor of energy law at the University of Reykjavik Law School,
research fellow at “Centro de Estudos em Regulação eInfraestrutura” (“Fundação Getulio
Vargas”), visiting researcher at the Scandinavian Institute for Maritime Law (University of Oslo),
managing editor for UEF Energy Law Review and an associate editor of OGEL. He is also the
author and editor of several leading oil and gas textbooks, articles and academic publications:
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Joint Operating Agreements: Controlling risks to the Non-Operator (Globe Law Business)
Joint Operating Agreements: Mitigating Operational and Contractual Risks in Exclusive
Operations (Globe Law Business)
Joint Operating Agreements: A Comparison Between National Oil Company and
International Oil Companies Perspectives (Globe Law Business).
Sponsor
Association of Petroleum Industry
Engineering and Construction Companies
Organizer
Creative Business Consultancy
Energy
JOA Models
Publication
Association of International
petroleum Negotiators
Global Law and Business
Page | 3
JOINT OPERATING AGREEMENT
3-day Workshop (28th Feb –1st March 2016) Tehran
Day 3
Day 2
Day 1
Workshop 3- Day Program
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8:30am: Registration
8:50am-9:00: Opening Remarks
9:00am to 10:30am: Understanding a JOA model forms & International practices
10:30am-10:45: Break
10:45 am to 12:15pm: Non-Operator views and concerns
12:15pm to 13:30pm:Lunch
13:30pm to 15:00pm : NOC vs. IOCs
15:00pm-15:15pm:Break
15:15pm to 16:45pm: possible conflicts with Host Government Perspectives
16:45pm: End of day 1
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8:30 am to 10:30am: Exclusive Operations
10:30am-10:45: Break
10:45am to 12:15am: Governing Law and Dispute resolution
12:15pm to 13:30pm: Lunch
13:30pm to 15:00pm: Liabilities of the Parties & Civil Law issues
15:00pm-15:15pm:Break
15:15pm to 16:45pm: Transfer of Technology & Local Content
16:45pm: End of day 2
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8:30 am to 10:30am: Workshop A – JOA Negotiation - Articles 1, 3, 4 and 5 - AIPN Model
10:30am-10:45: Break
10:45am to 12:15pm: Workshop A – JOA Negotiation - Articles 1, 3, 4 and 5 - AIPN Model
12:15 pm to 13:30 pm: Lunch
13:30pm to 15:15PM : Workshop B - JOA Negotiation - Articles 6, 7, 8, 13 and 18 - AIPN Model
15:00pm-15:15pm:Break
15:15pm to 16:45pm: Workshop B - JOA Negotiation - Articles 6, 7, 8, 13 and 18 - AIPN Model
16:45pm: End of session
Sponsor
Association of Petroleum Industry
Engineering and Construction Companies
Organizer
Creative Business Consultancy
Energy
JOA Models
Publication
Association of International
petroleum Negotiators
Global Law and Business
Page | 4
JOINT OPERATING AGREEMENT
3-day Workshop (28th Feb –1st March 2016) Tehran
Overview of companies present at the JOA workshop
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KEPCO
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Dana Energy
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Tabdil Energy Paya
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Sazeh consultant
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Petro Gohar Farasahel Kish
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Pasargad Energy
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Pars Energy- Gostar Drilling & Exploration
(PEDEX)
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Oil Industries Commissioning & Operation
Company (OICO)
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Parsian Bank
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Oil Design Construction Company (ODCC)
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IOEC
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Global Petrotech Kish
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PAM
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APEC
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Water Source General Trading L.L.C
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Arash Sazeh
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Persia Oil & Gas Industry Development
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NIOC
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Tadbir Energy Development Group
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Tehran Energy Consultants
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National Iranian South Oil
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ICOFC
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Pishro Haffar Energy
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Shahid Beheshti University
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Mapna
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Arsa
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Oil Industries Engineering and
Construction Companey (OIEC)
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IMC Limited
Sponsor
Association of Petroleum Industry
Engineering and Construction Companies
Organizer
Creative Business Consultancy
Energy
JOA Models
Publication
Association of International
petroleum Negotiators
Global Law and Business
Page | 5
JOINT OPERATING AGREEMENT
3-day Workshop (28th Feb –1st March 2016) Tehran
Future Plan
1. E&P Data Management Workshop
Getting Value from Oil Industry Technical Data:
Technical data is the lifeblood of any company involved in Exploration and Production. Identifying the
next exploration opportunity, designing future facilities, benchmarking drilling operations and real-time
monitoring of production all rely on having information that is both trustworthy and accessible. Analysis
suggests that at least 30% of the value created by a typical oil company can be directly tracked to the
quality of technical data it holds. Despite these well known facts, anyone who has experience working
in oil companies will be well aware of instances where missing or misleading data has led directly to
incorrect decisions and financial loss. This workshop explores the influence that the handling of
technical data has, what can be done to ensure the right data is available to those that need it, and how
oil companies around the world maximize the value that their data delivers.
2. Upstream Economic Modeling and Evaluation Workshop
Throughout the workshop the common situation of an IOC or other contractor in a tax and royalty or
production sharing fiscal regime will be presented as well as the IPC situation. This is because these
fiscal regimes are competition for Iran in attracting investment and because workshop delegates may in
future make investments under these other fiscal regimes.
Sponsor
Association of Petroleum Industry
Engineering and Construction Companies
Organizer
Creative Business Consultancy
Energy
JOA Models
Publication
Association of International
petroleum Negotiators
Global Law and Business
Page | 6