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    2. Business Management
    3. International Arbitration for oil and gas agreements

    International Arbitration for oil and gas agreements

    • Foundation
    • 10 Days
    • classroom1Classroom

    The exploration and development of oil and gas in developing countries is often been conducted by international oil companies and relies on a relationship and agreements between a host government and/or governmental agency and a foreign private company.  

    Exploration and production involves large, complex and risky investments.  In addition, due to the strategic importance of petroleum to both consumers and producers, such agreements have always been politically charged.  Over time these agreements have retained certain fundamental characteristics and these complex characteristics are the reason why arbitration is often used as a method for the settlement of disputes.

    Arbitration, specifically following the UNCITRAL rules, is generally the most commonly adopted method for the settlement of disputes in the oil and gas industries. Several factors have led to this.

    They include:

    • The technical nature of disputes requires an arbitrator with specialized knowledge;
    • The contracts anticipate disputes and thereby require provisions for resolution proceedings;
    • Arbitration is more favored by multinational oil and gas companies around the world; and
    • Commercial interests overlap and the contractual relations between the parties prefer arbitration over litigation as litigation is known to be time consuming, adversarial and expensive.

    The course contains two main parts.

    The first part will include the international oil and gas contracts, various types of contract, and the main clauses for arbitration.  It will look at why disputes arise and the main causes of disputes and disagreements.

    The second part will include the International Arbitration in oil and gas contracts.  It will use real case studies involving multi-party disputes between State and International Oil Companies.

    • Contract Administrators 
    • Contracting Unit Supervisors 
    • Project Engineers and Project Managers 
    • Claims Managers and Business Audit Officers 
    • Financial staff   
    • General Managers involved in contract negotiation 
    • Commercial Managers 
    • Purchasing Officers & Supervisors 
    • Legal 

    •  It addresses the causation of a dispute through contract uncertainty and through the different forums for dispute resolution; 
    • the methodology of the dispute process;
    •  the importance of the evidence; 
    • the art of settlement, 
    • the role of experts, arbitrators and judges, 
    • the fundamentals of calculating damages, 
    • the advocacy skills required to achieve success and the enforcement of the award.

    By the end of the course you will learn:

    • A firm, substantive and practical understanding of international commercial and investment arbitration  special in oil and gas contracts 
    • A firm understanding of the interrelationship between arbitration, national laws and international treaties; and how to enforce such awards worldwide;



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