OVERVIEW

Negotiating agreements which often involve multiple parties including governments is a complex process that requires a detailed understanding of the key areas of risk and the respective rights/obligations to ensure you are not exposed to legal, commercial or financial risk. This program is therefore designed to help you understand how to negotiate, draft and finalise oil and gas agreements. It also provides guidance on investing in the industry.

KEY LEARNING POINTS

–      Review the different Oil & Gas agreements to understa

nd the specific areas of risk.

–      Key documentation and steps required to negotiate and finalise successful agreements.

–      Learn how to interpret and draft key clauses specific to oil & gas agreements.

–      Some key issues will be discussed through practical case study.

WHO MUST ATTEND

–      In house lawyers in oil companies and Financial Institutions.

–      Managers of Oil and Gas desks in Financial Institutions.

–      Government & Joint Venture Owners, involved in sponsorship/assessing project finance deals.

–      Lawyers needing to understand in more details the challenges specific to the Oil & Gas

industry.

TOPICS

–      Oil & Gas field development licensing Agreements with Government.

• License-Concession Agreements
• Joint Ventures, and
• Production-sharing Agreements

–      Oil & Gas field  Joint Operating Agreement and partnerships.

• Various forms of JOAs and partnerships
• Key provisions of a JOA.

–      Farm in & Farm out Agreements.

• The main types  of farm outs and farm ins
• Other acquisition methods: share purchase; swaps; direct license

–      Other Commercial Contracts.

• Sale and Purchase Agreements
• Crude Handling Agreements

–      Investing in Nigeria’s Oil & Gas Industry.

• Relevant State Agencies & their roles
• Fiscal Regime

COURSE DIRECTOR

OLAYEMI ANYANECHI

Olayemi is the Managing Partner of Sefton Fross Law Firm and is reputed for being one of the leading finance lawyers in Nigeria. In her career she has advised on many complex oil and gas transactions such as the $7.2 billion acquisition of Addax Petroleum Corporation by the Sinopec Group, advising lenders on the $50 Million rig financing for Depthwize, advising a Chinese E & P company on the acquisition of a multinational oil and gas company with subsidiaries and upstream assets held in Nigeria, the proposed acquisition of OMLs 24, 25 and 29 in the ongoing divestment by shell, NAOG and TEPNG Joint Venture, and farm-in to several marginal fields in Nigeria. She also advised FCMB on structuring and documentation of the US $50 Million amortising term loan backed by detachable warrants to the Nigerian Subsidiary of Afren Plc, the first of its kind in the Nigerian financial markets.

She is known for creativity in addressing complex transactional and legal issues and clients are impressed “with the quality of her legal work” and “knowledge of financing transactions” (Chambers and Partners 2009). She has also been described as “one of the very few astute commercial lawyers who [asks] what [is the] economic objective the transaction seeks to accomplish” (IFLR 1000, 2014). Yemi was until February 2013 a Senior Partner and head of the Finance Practice at Templars, a leading Nigerian Law firm.

ABOUT US

The Training arm of Cowrie Partners provides industry relevant practical learning through carefully designed courses delivered by expert speakers. Cowrie Partners is a firm of commercial lawyers focused on responsible and ethical finance and investments. Our areas of practice cover financial institutions, power projects, oil & gas, real estate and infrastructure finance. We are committed to delivering interactive and sector specific training solutions that provide learning outcomes directly transferable to the business challenges faced by our delegates.