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 Reviewing the success and failure factors for JOA 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: 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 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 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 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 KEPCO Dana Energy Tabdil Energy Paya Sazeh consultant Petro Gohar Farasahel Kish Pasargad Energy Pars Energy- Gostar Drilling & Exploration (PEDEX) Oil Industries Commissioning & Operation Company (OICO) Parsian Bank Oil Design Construction Company (ODCC) IOEC Global Petrotech Kish PAM APEC Water Source General Trading L.L.C Arash Sazeh Persia Oil & Gas Industry Development NIOC Tadbir Energy Development Group Tehran Energy Consultants National Iranian South Oil ICOFC Pishro Haffar Energy Shahid Beheshti University Mapna Arsa Oil Industries Engineering and Construction Companey (OIEC) 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