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Presented by
The University of Texas School of Law
The Oil, Gas and Energy Resources Section of the State Bar of Texas

Supporting Organization
Association of International Petroleum Negotiators (AIPN)

Sponsor
Curtis, Mallet-Prevost, Colt & Mosle LLP

Conference art

2010

International Energy Transactions

Houston Jan 20-21, 2010 Hyatt Regency
Conference Concluded
Video Replay: Dallas Mar 11-12, 2010 Cityplace Conference Center
Conference Concluded
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Overview

Join a superb faculty drawn from senior lawyers, negotiators and financiers from major oil companies and law firms for two days of detailed, practical sessions with great papers, checklists and take-away materials.

Sessions include:
• Anatomy of Host Country Governing Instruments
• Economics of Host Country Contracts
• Negotiating Upstream Contracts with Host Governments and NOCs
• Drafting Dispute Resolution Provisions
• Joint Bidding Agreements and Participation Agreements
• Audits and Claims for Adjustment
• Unitization and other Multi-Block Considerations
• Special Considerations in the Joint-Venture Relationship

This new program will also coincide with the publication of a revised text on international energy transactions by Professors Owen Anderson, John Dzienkowski, Bruce Kramer, John Lowe and Jacqueline Lang Weaver, as well as the inception of a new Global Energy Center at the University of Texas School of Law.

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Event Schedule

Program is subject to change.
All times are Central Time Zone.

  • Day 1
  • Day 2
  • Time
    Credit
    Subject
    Speaker
  • Day 1 Morning
    Presiding Officer:
    In Houston: Timothy R. Brown, Anadarko Petroleum Corporation - The Woodlands, TX
  • 8:00 am
    Houston Only
    Registration Opens
    Includes continental breakfast.

  • 8:35 am
    Houston Only
    Welcoming Remarks


  • Houston Only
    OVERVIEW

  • 8:45 am
    Houston Only
    0.50 hr
    Survey of World Energy Resources and Regimes
    An overview of the global demand for energy and the location of oil and gas reserves, with discussion of the political, fiscal, and regulatory regimes found in emerging production regions.

    Kenneth A. Hersh, NGP Energy Capital Management - Irving, TX


  • Houston Only
    HOST COUNTRY FORMS, CONTRACTS AND RELATED ISSUES

  • 9:15 am
    Houston Only
    1.00 hr
    Anatomy of Host Governing Instruments in Emerging Producing Regions
    Whether in the form of a license, production sharing contract, or service contract, host-government instruments continue to evolve in an effort to meet both current and future petroleum economics and political situations. This presentation reviews the various types of instruments in use throughout the world but focuses chiefly on substantive provisions of particular interest to lawyers.

    Owen L. Anderson, The University of Oklahoma College of Law - Norman, OK

  • 10:15 am
    Houston Only
    Break

  • 10:30 am
    Houston Only
    0.75 hr
    Follow the Money: Understanding the Economics of Host Country Contracts
    The oil and gas energy market, together with the financial markets, has suffered unusual volatility over the last four years.  Perhaps atypically, the decline in prices exhibited from September 2008 through March 2009 occurred parallel to a negative change in investment appetite and declining world consumption of most commodities, currency exchange volatility, and constraints in investment capital with substantially higher cost of capital for certain sectors. The presentation looks at the capital flow and examines the drivers behind the flow, the risks and the expectations of the IOCs in making these investments.

    Christopher Moyes, Moyes & Co., Inc. - Dallas, TX

  • 11:15 am
    Houston Only
    1.00 hr
    0.25 hr ethics
    Negotiating Upstream Contracts with Host Governments and NOCs
    A short commentary of the challenges and pitfalls of negotiating host country agreements, followed by a roundtable discussion among a panel of experienced negotiators. 

    Moderator:
    Michael P. Irvin, Fulbright & Jaworski L.L.P. - Houston, TX
    Panelists:
    Frank L. Cascio Jr., Barnes & Cascio LLP - Houston, TX
    Panelists:
    Janet Devlin, ConocoPhillips - Houston, TX
    Panelists:
    Elisabeth Eljuri, Macleod Dixon - Caracas, Venezuela

  • Day 1 Afternoon
    Presiding Officer:
    In Houston: Timothy R. Brown, Anadarko Petroleum Corporation - The Woodlands, TX

  • Houston Only
    LUNCHEON PRESENTATION

  • 12:15 pm
    Houston Only
    Pick Up Lunch

  • 12:30 pm
    Houston Only
    0.75 hr ethics
    The Foreign Corrupt Practices Act (FCPA): Staying out of Trouble at a Time of Heightened Enforcement
    The federal government has substantially increased inquiries and enforcement regarding FCPA violations.  This session outlines pointers to avoid activities likely to trigger enforcement, and provides practical guidance on best practices in complying with the requirements of the act.

    Luis Derrota, Anadarko Petroleum Corporation - The Woodlands, TX

  • 1:15 pm
    Houston Only
    Break

  • 1:30 pm
    Houston Only
    0.50 hr
    Special Considerations and Practical Concerns Involving Host Country Agreements: An Analysis of Special Provisions Such as Local Content and Training Requirements
    This presentation focuses on some special provisions and obligations of an operator in a typical PSC or host government granting instrument that are outside of minimum work programs and exploration and development obligations.  These matters often cause headaches for operators or can be overlooked when assessing the true costs of a prospect.

    Steven P. Otillar, Baker & McKenzie LLP - Houston, TX

  • 2:00 pm
    Houston Only
    1.00 hr
    Political Risk in the Host Government Relationship: Historical Lessons, Current Strategies, and the Way Forward
    This discussion of political risk examines lessons learned from the contract renegotiations and arbitral awards of the 1960s - 1970s; the significance for the international petroleum industry of the so-called New International Economic Order and the reaction thereto in the 1980s - 1990s; and the resurgence of resource nationalism since 2005 and its impact on contract value.  The discussion focuses on stabilization methods currently used by IOCs, on host government and NOC "counter-stabilization" strategies, in particular forced contract renegotiation, and on the long-term importance for all parties of "resource rationalism." 

    John Bowman, King & Spalding LLP - Houston, TX

  • 3:00 pm
    Houston Only
    Break

  • 3:15 pm
    Houston Only
    1.00 hr
    Drafting Dispute Resolution Provisions: Key Issues, Choices to Make and Mistakes to Avoid
    A review of what you need to plan for, negotiate and draft into the dispute clauses of your international energy agreements. The discussion covers the different types of dispute resolution mechanisms you can incorporate into an international agreement and the key issues you need to address in each of them, in particular for international arbitration. In addition, the panelists provide advice on the kinds of smart choices you can make in your dispute resolution clauses and the kinds of common mistakes you can avoid.

    Moderator:
    Tim Martin, adr.governance.inc. - Calgary, AB
    Panelists:
    Jennifer Price, King & Spalding LLP - Houston, TX
    Panelists:
    Anibal Martin Sabater, Fulbright & Jaworski L.L.P. - Houston, TX
    Panelists:
    Jennifer Smith, Baker Botts L.L.P. - Houston, TX

  • 4:15 pm
    Houston Only
    1.00 hr
    Decommissioning: The Global Legal Regime and the Risks to Manage
    A description of the challenge facing the oil and gas industry in decommissioning its facilities around the world. The global legal framework for decommissioning is discussed, including the international conventions, regional conventions, national laws and host government contracts that govern such requirements; the agreements entered into by the industry to govern their inter-company obligations on abandonment, such as joint operating agreements and abandonment agreements; and the key legal issues in decommissioning, along with disputes that have arisen, and how they need to be addressed.  Examples of how some of the more important jurisdictions around the world have dealt with decommissioning are provided.

    Tim Martin, adr.governance.inc. - Calgary, AB

  • 5:15 pm
    Houston Only
    Adjourn

  • Time
    Credit
    Subject
    Speaker
  • Day 2 Morning
    Presiding Officer:
    In Houston: Melinda E. Taylor, The University of Texas School of Law - Austin, TX
  • 8:00 am
    Conference Room Opens
    Includes continental breakfast.

  • FROM FIRST INTEREST TO FIRST OIL

  • 8:45 am
    Houston Only
    0.75 hr
    Recognizing the Players, the Parties, the Politics, and Permissions: Due Diligence Beyond the Agreements
    There is more to conducting exploration and production operations in a country than the host government contract itself.  This presentation addresses the legal and contractual framework for conducting petroleum operations, identification (beforehand) of issues that may arise and problems that may be encountered, and methods by which to avoid or address the issues and problems.

    Michael P. Darden, Baker Botts L.L.P. - Houston, TX

  • 9:30 am
    Houston Only
    0.50 hr
    Entry Points: Joint Bidding Agreements and Participation Agreements (Farm-Ins)
    An overview of the elements in a "standard" joint bidding and participation agreement, and a more detailed analysis of certain issues that are critical to identify at the outset in order to structure and negotiate joint bidding and participation agreements.  A brief introduction to ways in which standard model agreements can be adapted for use in multi-party/multi-asset/multi-jurisdictional bids and farm-in transactions are covered.

    D. Marie Wagner, Anadarko Petroleum Corporation - The Woodlands, TX

  • 10:00 am
    Houston Only
    1.00 hr
    Core of an International Joint Operating Agreement
    A look at the top ten considerations in negotiating an international joint operating agreement (JOA).

    James Barnes, Barnes & Cascio LLP - Houston, TX

  • 11:00 am
    Break

  • 11:15 am
    Houston Only
    0.50 hr
    The 2004 AIPN Model Form International Accounting Procedure: Claims for Adjustment, Audit Issues and the Upcoming Revision
    The AIPN Model Form International Accounting Procedure was last revised in 2004.  Many of the issues that arise under the AIPN form have been encountered with model form accounting procedures published by the Council of Petroleum Accountants Societies (COPAS).  Those precedents are instructive in understanding the AIPN form.  In addition, there are a number of issues that will be discussed by the newly formed AIPN committee to revise the 2004 model form.  Some of those issues will be reviewed as an update on the revision process.  This session covers the added assignment the AIPN committee has been given of preparing an accounting procedure for the 2006 Model Form International Unitization and Unit Operating Agreement.

    Ben H. Welmaker, Baker & McKenzie LLP - Houston, TX

  • 11:45 am
    Houston Only
    0.75 hr
    Unitization and Other Multi-Block Development Issues
    This presentation addresses the key issues that arise when a field or fields lying on multiple blocks are developed together.  Concepts addressed include unitization of the relevant reservoir or reservoirs as well as production handling; joint construction and infrastructure sharing arrangements; and contractual and regulatory issues arising on the front end of a joint development (such as rights to exchange data), and on the back end of a joint development (such as expiration of one block).

    David Asmus, Morgan, Lewis & Bockius LLP - Houston, TX

  • Day 2 Afternoon
    Presiding Officer:
    In Houston: Melinda E. Taylor, The University of Texas School of Law - Austin, TX
  • LUNCHEON PRESENTATION

  • 12:30 pm
    Pick Up Lunch

  • 12:45 pm
    Houston Only
    1.00 hr ethics
    Ethical Issues of In-House and Outside Lawyers Who Represent International Joint Ventures
    An examination of issues of professional responsibility when lawyers represent parties in joint ventures including who the client is, conflicts of interest, disclosure and consent, confidentiality, and ethics in international transactions.  Hypotheticals are presented and analyzed under the relevant Model Rules and case law.

    John S. Dzienkowski, The University of Texas School of Law - Austin, TX

  • 1:45 pm
    Break

  • 2:00 pm
    Houston Only
    1.25 hrs
    Special Considerations in the Joint Venture Relationship: Voting Rights, Preference Rights and Change of Control, Exclusive Operations and Insolvent Partners
    A panel of in-house oil and gas attorneys discuss their approaches to reviewing and negotiating the provisions of the joint operating agreement relating to: pass marks and voting rights; the inclusion or exclusion of preferential rights to purchase; first rights of negotiation and change of control provisions; exclusive operations and back-in rights in the context of production sharing contracts; and default provisions.  Learn about the pitfalls and opportunities associated with these common provisions of the joint operating agreement.

    Moderator:
    Donald W. Wendland Jr., Noble Energy, Inc. - Houston, TX
    Panelists:
    Timothy R. Brown, Anadarko Petroleum Corporation - The Woodlands, TX
    Panelists:
    David C. Houck, Total E&P USA, Inc. - Houston, TX
    Panelists:
    Maria Victoria Vargas, Repsol Services Company - The Woodlands, TX

  • 3:15 pm
    Adjourn

  • Day 1 January 20, 2010
  • Day 2 January 21, 2010
Download Schedule

Conference Faculty

Owen L. Anderson

The University of Oklahoma College of Law
Norman, OK

David Asmus

Morgan, Lewis & Bockius LLP
Houston, TX

James Barnes

Barnes & Cascio LLP
Houston, TX

John Bowman

King & Spalding LLP
Houston, TX

Timothy R. Brown

Anadarko Petroleum Corporation
The Woodlands, TX

Frank L. Cascio Jr.

Barnes & Cascio LLP
Houston, TX

Michael P. Darden

Baker Botts L.L.P.
Houston, TX

Luis Derrota

Anadarko Petroleum Corporation
The Woodlands, TX

Janet Devlin

ConocoPhillips
Houston, TX

John S. Dzienkowski

The University of Texas School of Law
Austin, TX

Elisabeth Eljuri

Macleod Dixon
Caracas, Venezuela

Kenneth A. Hersh

NGP Energy Capital Management
Irving, TX

David C. Houck

Total E&P USA, Inc.
Houston, TX

Michael P. Irvin

Fulbright & Jaworski L.L.P.
Houston, TX

Tim Martin

adr.governance.inc.
Calgary, AB

Christopher Moyes

Moyes & Co., Inc.
Dallas, TX

Steven P. Otillar

Baker & McKenzie LLP
Houston, TX

Jennifer Price

King & Spalding LLP
Houston, TX

Anibal Martin Sabater

Fulbright & Jaworski L.L.P.
Houston, TX

Jennifer Smith

Baker Botts L.L.P.
Houston, TX

Maria Victoria Vargas

Repsol Services Company
The Woodlands, TX

D. Marie Wagner

Anadarko Petroleum Corporation
The Woodlands, TX

Ben H. Welmaker

Baker & McKenzie LLP
Houston, TX

Donald W. Wendland Jr.

Noble Energy, Inc.
Houston, TX

Planning Committee

Timothy R. Brown—Co-Chair

Anadarko Petroleum Corporation
The Woodlands, TX

John S. Dzienkowski—Co-Chair

The University of Texas School of Law
Austin, TX

Owen L. Anderson

The University of Oklahoma College of Law
Norman, OK

Michael K. Bolton

Houston, TX

John Bowman

King & Spalding LLP
Houston, TX

Michael J. Esposito

Austin, TX

Michael P. Irvin

Fulbright & Jaworski L.L.P.
Houston, TX

Steven P. Otillar

Baker & McKenzie LLP
Houston, TX

Melinda E. Taylor

The University of Texas School of Law
Austin, TX

Donald W. Wendland Jr.

Noble Energy, Inc.
Houston, TX

Credit Info

  • Houston
  • Dallas
MCLE Credit
Toggle view Texas – 13.25 hrs  |  2.00 hrs Ethics
Legal Specialization(s): Oil, Gas and Mineral Law
You may claim your credit online in Your Briefcase, and UT Law CLE will report credit on your behalf to the State Bar of Texas. A Certificate of Attendance will be provided in Your Briefcase for your records. The system reports Texas CLE credit every Tuesday. If you are claiming credit in the last week of your birth month, self-report your CLE credit directly to the State Bar of Texas at texasbar.com, using the course number  provided on your certificate of attendance.
Toggle view California – 13.25 hrs  |  2.00 hrs Ethics
You must claim your credit online in Your Briefcase, and will then be provided a Certificate of Attendance for your records. UT Law CLE is required to provide the State Bar with electronic attendance records for any MCLE participatory activity within 60 days of completion of the activity. The California licensee is responsible for reporting their compliance/credit hours earned to the State Bar at the end of their reporting period directly to the State Bar of California at calbar.ca.gov.  UT Law CLE will maintain Attendance Records for four years.  
Other Credit
Toggle view Registered Landman (AAPL) – 13.25 hrs
Following the conference, UT CLE will send, to attendees who have claimed AAPL credit in their briefcase, by email the AAPL Affidavit of Attendance with the AAPL course number and reporting information included.
http://www.landman.org
Toggle view TX Accounting CPE – 15.00 hrs
The University of Texas School of Law (Provider #250) live conferences are presumptively approved by The Texas State Board of Public Accountancy for Texas Accounting CPE credit based on a 50-minute credit hour. Approved for general CPE credit only.

At the conference, you are welcome to sign in on the Accounting CPE Record of Attendance form at the registration desk, but we are now reporting all credit online. You will receive a Texas Accounting Certificate of Completion in Your Briefcase. Self-report your CPE credit directly to TSBPA. UT Law CLE will maintain Attendance Records for four years.  

Contact us at accreditation@utcle.org if you have additional questions.
MCLE Credit
Toggle view Texas – 13.25 hrs  |  2.00 hrs Ethics
Legal Specialization(s): Oil, Gas and Mineral Law
You may claim your credit online in Your Briefcase, and UT Law CLE will report credit on your behalf to the State Bar of Texas. A Certificate of Attendance will be provided in Your Briefcase for your records. The system reports Texas CLE credit every Tuesday. If you are claiming credit in the last week of your birth month, self-report your CLE credit directly to the State Bar of Texas at texasbar.com, using the course number  provided on your certificate of attendance.
Toggle view California – 13.25 hrs  |  2.00 hrs Ethics
You must claim your credit online in Your Briefcase, and will then be provided a Certificate of Attendance for your records. UT Law CLE is required to provide the State Bar with electronic attendance records for any MCLE participatory activity within 60 days of completion of the activity. The California licensee is responsible for reporting their compliance/credit hours earned to the State Bar at the end of their reporting period directly to the State Bar of California at calbar.ca.gov.  UT Law CLE will maintain Attendance Records for four years.  
Other Credit
Toggle view Registered Landman (AAPL) – 13.25 hrs
Following the conference, UT CLE will send, to attendees who have claimed AAPL credit in their briefcase, by email the AAPL Affidavit of Attendance with the AAPL course number and reporting information included.
http://www.landman.org
Toggle view TX Accounting CPE – 15.00 hrs
The University of Texas School of Law (Provider #250) live conferences are presumptively approved by The Texas State Board of Public Accountancy for Texas Accounting CPE credit based on a 50-minute credit hour. Approved for general CPE credit only.

At the conference, you are welcome to sign in on the Accounting CPE Record of Attendance form at the registration desk, but we are now reporting all credit online. You will receive a Texas Accounting Certificate of Completion in Your Briefcase. Self-report your CPE credit directly to TSBPA. UT Law CLE will maintain Attendance Records for four years.  

Contact us at accreditation@utcle.org if you have additional questions.

Key Dates

Houston – Jan 20-21, 2010 – Hyatt Regency
Conference Concluded
Video Replay: Dallas – Mar 11-12, 2010 – Cityplace Conference Center
Conference Concluded
Buy
  • Houston
  • Dallas
Standard Registration
Last day for $545.00 Regular pricing: Jan 11, 2010

$595.00 for registrations received after this time

Last day for cancellation (full refund): Jan 13, 2010

$50 processing fee applied after this date

Last day for cancellation: Jan 15, 2010
Standard Registration
Last day for $445.00 Regular pricing: Mar 3, 2010

$495.00 for registrations received after this time

Last day for cancellation (full refund): Mar 5, 2010

$50 processing fee applied after this date

Last day for cancellation: Mar 8, 2010

Venue

speaker

Hyatt Regency

1200 Louisiana Street
Houston, TX
713-654-1234

Accommodations

$149.00 good through Dec 11, 2009

Parking Information

$15 Valet per day, $25 Overnight Valet

speaker

Cityplace Conference Center

2711 North Haskell Avenue
Dallas, TX
214.515.5100
Map

Parking Information

Complimentary Self-Parking (subject to change)

Our Sponsors

Thank you to our sponsors! Click each logo below to learn more.

  • Curtis Mallet-Prevost Colt & Mosle LLP logo
    Curtis Mallet-Prevost Colt & Mosle LLP
    Curtis, Mallet-Prevost, Colt & Mosle LLP is a leading international law firm. Headquartered in New York, Curtis has 13 offices in the United States, Mexico, Europe, the Middle East and Asia. The firm represents a wide range of clients, including multinational corporations and financial institutions, governments and state-owned companies, money managers, sovereign wealth funds, family-owned businesses, individuals and entrepreneurs. Curtis has a worldwide practice that includes corporate law, banking and finance, capital markets, private equity, mergers and acquisitions, project finance and infrastructure development, investment management, restructuring and insolvency, litigation, international arbitration, taxation and real estate. The firm's international orientation has been a hallmark of its practice for nearly two centuries. For more information about Curtis, please visit www.curtis.com. www.curtis.com/
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