UKELG Evening Talk
Collaboration between NOCs, IOCs and oilfield service companies – a new kind of commercial model?
Tuesday 25 April 2017 London, England
30 Crown Place
London EC2A 4ES
1830 Talk commences
1930 Networking drinks
Contact the IBA Divisions team at email@example.com for any questions.
With the backdrop of restricted capital budgets of E&P companies globally and the increasing trend towards oilfield services companies working more closely with both international and national oil companies, there exists a variety of innovative models open to the services sector to shoulder greater risk in a project in return for a potentially greater share in the production success. Pinsent Masons challenges the traditional fee-for-service, standard form type contracts, and maps out certain characteristics and case studies on alliancing, partnering, integrated service contracts, risk services contracts (including the new Iranian Petroleum Contract), production enhancement contracts, production sharing contracts and concession agreements.
In addition, in the dynamic world of oil and gas, there is an urgent need for NOCs around the world, particularly in heavily hydrocarbon-dependent economies, to formulate a long-term plan to fulfil their obligations to the State, over and beyond short-term tactical responses. EY will discuss, bearing in mind the alternative contracting models available, how the manner in which these NOCs are operating, their structures, and their contributions to the State are simultaneously changing. This transformation for the future is potentially as profound as the nationalisations of decades past which shaped the NOCs of today.
Pinsent Mason: Based across key hubs in Aberdeen, Dubai, London and Singapore, our specialist oil and gas lawyers have extensive international experience, working for clients in the upstream, midstream and downstream sectors of the industry, providing support for both conventional and unconventional oil and gas exploration and production, enhanced oil recovery, oil and gas transportation and processing, LNG and FLNG projects, refining, marketing and petrochemical facilities and oil storage. Our team is noted for the depth and breadth of its industry knowledge, its commercial perspective and its strong industry networks. Most of our senior lawyers have worked as in-house counsel for major energy companies. Our diverse range of clients, extending from NOCs, oil majors, regulators, independents, international E&P companies, trading houses and oilfield service companies through a wide variety of lenders, private equity funders, investment banks and major international contractors, has allowed us to advise from many different perspectives over many years.
EY: The oil and gas sector is constantly changing. Increasingly uncertain energy policies, geopolitical complexities, cost management and climate change all present significant challenges. EY’s Global Oil & Gas Sector supports a global network of more than 10,000 oil and gas professionals with extensive experience in providing assurance, tax, transaction and advisory services across the upstream, midstream, downstream and oil field subsectors. The Sector team works to anticipate market trends, execute the mobility of our global resources and articulate points of view on relevant sector issues. With our deep sector focus, we can help your organisation drive down costs and compete more effectively.
How to register
There is no charge to attend this seminar. Please click here to register your attendance (please note that places are limited). Alternately, please contact Jessica Rattle at firstname.lastname@example.org or +44 (0)20 7842 0090 by Tuesday 24 April 2017 in order to list your name as a participant for the evening. This list of attendees will be distributed at the event.