Postgraduate Course: International Oil and Gas Law (LAWS11304)
Course Outline
| School | School of Law |
College | College of Humanities and Social Science |
| Course type | Online Distance Learning |
Availability | Available to all students |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Credits | 20 |
| Home subject area | Law |
Other subject area | None |
| Course website |
http://www.law.ed.ac.uk/teaching/online_distance_learning/llm_degrees/llm_in_law/modules/international_oil_and_gas_law |
Taught in Gaelic? | No |
| Course description | This course provides a grounding in the legal issues arising in the international oil and gas industry. The course will begin with an overview of the industry and the key economic and political actors and provide an introduction to the role of oil and gas in international relations and to the economics of the industry. The course will also provide an introduction to the principles of public and private international law relevant to the industry and how these operate in practice with reference to industry- specific contracts, agreements and instruments. There will be a detailed analysis of "upstream" issues and the legal issues surrounding exploration, including a comparative analysis of the different legal regimes surrounding exploration rights and specific problems with exploration, such as joint exploration and exploration in disputed territory. The course will analyse the various commercial arrangements in the industry such as Joint Ventures (with an emphasis on Joint Operating Agreements) and will also look at arrangements regarding infrastructure. There course will also cover "downstream" issues such as the trading and transportation of oil and gas, with reference to industry specific contracts. Finally the course will analyse the particular issues concerning the States as actors in the oil and gas industry including stabilisation clauses, state immunity and international dispute settlement.
Through the use of primary sources, secondary literature and case studies, the course aims to promote a deeper understanding of the operation of the international oil and gas industry, of the legal issues facing the industry and the various solutions. The course also aims to develop students understanding of the operation of international commercial law in a practical context. The course aims to assist students in taking a critical and comparative approach to the relevant legal issues and to view these in their economic and political context.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
|
Co-requisites | |
| Prohibited Combinations | |
Other requirements | Please contact the distance learning team at escript.support@ed.ac.uk |
| Additional Costs | Students should have regular and reliable access to the Internet. |
Information for Visiting Students
| Pre-requisites | Please contact the distance learning team at escript.support@ed.ac.uk |
| Displayed in Visiting Students Prospectus? | No |
Course Delivery Information
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| Delivery period: 2013/14 Semester 2, Available to all students (SV1)
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Learn enabled: Yes |
Quota: None |
Web Timetable |
Web Timetable |
| Class Delivery Information |
This course is taught by distance learning. |
| Course Start Date |
13/01/2014 |
| Breakdown of Learning and Teaching activities (Further Info) |
Total Hours:
200
(
Lecture Hours 40,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
156 )
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| Additional Notes |
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| Breakdown of Assessment Methods (Further Info) |
Written Exam
0 %,
Coursework
100 %,
Practical Exam
0 %
|
| No Exam Information |
Summary of Intended Learning Outcomes
By the end of the module students should:
1. have a deeper understanding of the legal issues arising in the oil and gas industry,
2. have a deeper and more focused understanding of the operation of international law;
3. be able to engage in debate as to the efficacy of the different solutions to the legal issues arising in the industry and to be aware of the economic and political aspects underpinning the various legal issues.
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Assessment Information
| One essay of up to 4,000 words (60%); one individual assignment (20%); contribution to weekly online discussions throughout the semester (20%). Requirements for all module assessment will be outlined to students within the individual modules at the start of each semester. |
Special Arrangements
| This course is taught by distance learning. |
Additional Information
| Academic description |
Not entered |
| Syllabus |
1. Introduction to the oil and gas as industry
- Industry overview and key players
- Exploration, production, transportation and trading
- Basic petroleum economics
2. Introduction to the legal framework
- Oil and gas and international politics/ international relations
- Sources and key principles of private international law
- Sources and key principles of public international law
3. Exploration I - Rights to explore for and produce oil and gas
- Historical development of rights (law of capture, etc.)
- Ownership vs. non-ownership systems
- Arrangements with host governments; comparative analysis of
1. Licences/Concessions
2. Production Sharing Contracts
3. Service Contracts
4. Exploration II - Cross-border development and the impact of public international law
5. Commercial Arrangements I Joint Ventures and the Joint Operating Agreement
- Purpose and historical background (AIPN and OGUK models)
- Main provisions
- Operatorship and liability
6. Commercial Arrangements II infrastructure and services
- Decommissioning and decommissioning security
- Service contracts/sub-contracts
7. Commercial Arrangements III acquisitions and disposals
- Buying and selling upstream assets
- Asset vs. share transactions, farm-in agreements
- Risk allocation
8. The transportation and trading of oil and gas
- Offtake, lifting and marketing/sale of production
- Oil and Gas trading agreements
- Oil and Gas charterparties
9. Legal issues involving states, including
- The State as a sovereign entity/ contracting party
- Applicable law
- Sovereign Immunity
- Stabilisation Clauses
- International Investment Protection
10. Dispute Settlement Processes
- The role of the national Courts
- International Commercial Arbitration
- International Investment Arbitration
- Inter State dispute settlement
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| Transferable skills |
Not entered |
| Reading list |
Not entered |
| Study Abroad |
Not entered |
| Study Pattern |
Not entered |
| Keywords | Not entered |
Contacts
| Course organiser | Mr David Holloway
Tel: (0131 6)50 2063
Email: David.Holloway@ed.ac.uk |
Course secretary | Ms Clare Polson
Tel: (0131 6)51 4411
Email: Clare.Polson@ed.ac.uk |
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