Night School – Joint Operating Agreements – RESCHEDULED!

How partnerships are managed in the upstream oil & gas industry

17-26 May 2021

Event phone: 020 7408 2000

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Course Description

Night Course – an Introduction to Joint Operating Agreements (Virtual Course)

The program consists of four online 2-hour seminars, followed by Q&A, delivered by instructor Nick Stranks. The format is primarily by lecture although interaction is encouraged through the sessions. The program is focussed on highlighting the importance of the Joint Operating Agreement (JOA) in oil and gas exploration, appraisal, development and production operations. The program will position the JOA in context within the hierarchy of Petroleum Agreements, highlight its importance in providing the contractual framework for managing joint venture investments and operations across the upstream Oil and Gas /project lifecycle and demonstrate how the JOA interacts with other key commercial and fiscal agreements. The program will review the main clauses of a typical JOA and consider the key commercial fundamentals from an Operator and Non-Operator joint venture investor stand-point. By the end of the program, the aim will be for attendees to have a good understanding as to the commercial importance of the JOA in the upstream oil and gas industry.

Session 1
Facilitator: Nick Stranks
Date: Monday 17 May
6:00pm – 8:00pm

  • Introduction to Joint Operating Agreements
  • An overview of Upstream Oil and Gas Fiscal Framework
  • Introduction to the Oil & Gas Value Chain & Project Life Cycle
  • Consider where the JOA fits within the hierarchy of Petroleum Agreements and its role in providing the contractual framework for upstream IOC joint venture investors

Session 2
Facilitator: Nick Stranks
Date: Wednesday 19 May
6:00pm – 8:00pm

  • Review and discuss from a commercial perspective key contractual provisions found in a typical JOA
  • Introduce Case Study – JOA management Do’s and Don’ts

Session 3
Facilitator: Nick Stranks
Date: Monday 24 May
6:00pm – 8:00pm

  • Review and discuss the key contractual provisions found in a typical JOA (cont.)
  • Discuss Case Study Feedback

Session 4
Facilitator: Nick Stranks
Date: Wednesday 26 May
6:00pm – 8:00pm

  • Consider how the JOA relates to and interacts with other Petroleum Agreements (Unit Operating Agreements and Joint Development Agreements)
  • Explore different upstream joint venture structures and their relevance at different stages of the project life cycle
  • Recap on key JOA commercial fundamentals

Who should attend:
Aspiring, future leaders in the oil and gas industry who want to acquire skills beyond the academic and technical and obtain insights into the commercially orientated analysis. Acquire the global perspectives essential to professional success.

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Speaker Biography - Nick Stranks

Nick Stranks is an Executive Director of his own consulting company with over 30 years experience in technical, commercial, leadership and advisory roles in international upstream E&P, midstream and downstream oil/gas infrastructure and LNG projects principally in Africa, Middle East, Europe and Asia.

From 2013 – 2020, Nick held a number of positions at Tullow Oil. In his most recent role as Group Head of Commercial he was responsible for heading up the Tullow Group Commercial function, leading commercial / joint venture management and assurance of Tullow’s Central West Africa business and providing lead commercial support to Tullow’s corporate M&A team and special projects. Whilst at Tullow, Nick established an inhouse Commercial Training Forum to teach Oil and Gas commercial / fiscal fundamentals to over 50 employees worldwide, winning the 2018 inaugural CEOs Company Award for Exceptional Performance.

Prior to joining Tullow, Nick spent 10 years in consulting as an Executive Director of The Energy Contract Company (ECC) a leading independent energy consulting company focused on providing senior / Board level strategic advisory, transactional commercial / M&A support and advice to clients in Africa, Europe, Middle East and Asia. Highlights include client assignments on multiple multi US$ million / billion projects across the oil, gas, gas liquids and LNG value chain. Whilst at ECC, Nick developed and ran many commercial Oil, Gas and LNG training and advisory courses to Governments, Oil Co’s and Financial Institutions to Executive and Board level in Europe, Africa, Middle East, Asia and South America.

Nick holds an MBA (International Business) from Strathclyde Business School and a BSc in Geology from the University of Liverpool.

Venue Information

Venue information

Venue name:

Online

Venue address:

This event will be delivered online.