University of Texas School of Law
2014 Primer:
The Law, Science and Finance of International Energy Projects
Houston Jan 29, 2014 Four Seasons Hotel
Conference Concluded

The Primer will go on as scheduled.
updated Tuesday, 1/28/2014, 9:30 p.m. 


PRESENTED BY
The University of Texas School of Law
The Oil, Gas and Energy Resources Law Section of the State Bar of Texas (OGERL)
The Association of International Petroleum Negotiators (AIPN)


SPONSORED BY
Andarko Petroleum Company
King & Spalding
Latham & Watkins LLP
Norton Rose Fulbright

UT Law CLE

2014 Primer: The Law, Science and Finance of International Energy Projects

Program Features

This unique multidisciplinary primer, The Law, Science and Finance of International Energy Projects, offers a high-level introduction to legal structures and agreements and the science and finance that underlie and drive international upstream energy projects. The primer is interactive, with opportunities to work examples, and provides substantive take-away materials.

Stay on for International Upstream Energy Transactionswhere leading members in the international energy sector—corporate counsel, NOCs, IOCs and related industry experts—offer practical analysis and advanced discussions on both current and recurring issues involving international upstream energy transactions.

UT Law CLE

2014 Primer: The Law, Science and Finance of International Energy Projects

12/12/17
Schedule

Wednesday Morning, Jan. 29, 2014

8:00 am
Registration Opens

Includes continental breakfast.

9:00 am
Introduction and Overview of an International Energy Project Lifecycle

An introduction to program objectives and faculty with an overview of a typical international energy project lifecycle from development through decommissioning.

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

9:15 am

0.75 hr

Energy, Geology and Geophysics: Conventional Resources

A lawyer's introduction to the science underlying the agreements we draft and negotiate in the course of developing and operating an international energy project. Petroleum, crude, natural gas and liquids—what are they? Where are they located? How do we find them? When do we think they might run out? Also, a brief introduction to geophysical data acquisition and processing techniques and the leading role geophysical data plays in modern oil and gas exploration and operations.

Eric C. Potter, Bureau of Economic Geology, The University of Texas - Austin, TX

10:00 am

0.75 hr

Petroleum Engineering: Conventional Hydrocarbons

How do we physically explore for, develop and produce hydrocarbons? As lawyers, we must have an understanding of the fundamentals of petroleum activities to accurately draft agreements and effectively provide counsel to energy industry clients. An introduction to different types of offshore and onshore drilling and production systems including FPSOs (floating, production, storage and off-loading vessels) and TLPs (tension-leg platforms). Typical liquefied natural gas (LNG) production facilities (liquefication, regasification and pipelines) are discussed, with coverage of "high-level" drilling and production facilities and operation cost estimates.

Keith Troutman, Anadarko Petroleum Corporation - The Woodlands, TX

10:45 am
Break

11:00 am

0.75 hr

Unconventional Hydrocarbon Resources

An overview of the geology and geophysics of unconventional hydrocarbon resources including shale. An introduction to the petroleum engineering techniques required to develop and produce these resources.

Eric C. Potter, Bureau of Economic Geology, The University of Texas - Austin, TX
Keith Troutman, Anadarko Petroleum Corporation - The Woodlands, TX

11:45 am
Pick Up Lunch

Included in registration.

Wednesday Afternoon, Jan. 29, 2014

LUNCHEON PRESENTATION

12:00 pm

1.50 hrs

Host Country Instruments (HCIs)

A look at the legal regimes used globally for buying, selling, exploring, developing and producing hydrocarbons, including Concession or Royalty/Tax, Production Sharing, Risk Service Agreements and so-called "hybrids;" with a discussion of basic natural resource ownership/title concepts and provisions of various HCIs, including key fiscal and non-fiscal terms.

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

 
1:30 pm

1.00 hr

International Energy Project Economics

This session is designed to provide a lawyer the basics of energy project economics "101" so that they can better work with their energy industry clients to develop legal options in various deal scenarios that are also "economic." Hear an examination of how we develop project economic models to calculate investor rates of return and other key economic indicators by using facility and operation cost estimates, revenue estimates and Host Country Instrument provisions. The role of "risk analysis" in developing project models and the concept of leverage and how it can impact project economics also is considered.

Keith Troutman, Anadarko Petroleum Corporation - The Woodlands, TX

2:30 pm
Break

2:45 pm

1.00 hr

Co-Venture Formation and Agreements

Leverage and risk allocation are two factors that frequently lead most international energy projects to be undertaken by more than one co-venture party. This session covers the most common arrangements by which parties acquire interests in energy projects including farmins, farmouts, participation agreements and swaps, with coverage of the fundamental provisions of typical co-venture Joint/Unit Operating Agreements (JOAs) using the AIPN model form as a basis.

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

3:45 pm

0.50 hr

Co-Venture Economics: The Power of Leverage

A discussion of the economic inflection points that occur over the life of an upstream project. Participants work through examples of typical commercial arrangements for farmins and co-venture risk-sharing.

Keith Troutman, Anadarko Petroleum Corporation - The Woodlands, TX

4:15 pm

0.50 hr

Co-Venture Operations

Getting into a co-venture can seem easy compared to operating a successful co-venture. This sessions looks at operational provisions within the industry joint operating agreement framework including management decision-making, and contracting.

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

4:45 pm

0.75 hr

Summary and Q&A

Your questions are answered by the program faculty in this moderated Q&A session.

Eric C. Potter, Bureau of Economic Geology, The University of Texas - Austin, TX
Keith Troutman, Anadarko Petroleum Corporation - The Woodlands, TX
D. Marie Wagner, Anadarko Petroleum Corporation - The Woodlands, TX

5:30 pm
Adjourn

UT Law CLE

2014 Primer: The Law, Science and Finance of International Energy Projects

Faculty

Conference Faculty

Eric C. Potter
Bureau of Economic Geology, The University of Texas
Austin, TX
Keith Troutman
Anadarko Petroleum Corporation
The Woodlands, TX
D. Marie Wagner
Anadarko Petroleum Corporation
The Woodlands, TX

Planning Committee

D. Marie Wagner—Chair
Anadarko Petroleum Corporation
The Woodlands, TX
Timothy R. Brown
Anadarko Petroleum Corporation
The Woodlands, TX
Gregory J. Smith
The University of Texas School of Law
Austin, TX

UT Law CLE

2014 Primer: The Law, Science and Finance of International Energy Projects

Credit Information

MCLE Credit

Texas
7.50 hrs
Legal Specialization(s): Oil, Gas and Mineral Law
Additional Information
A Texas MCLE Reporting Form will be included in your course materials. Please complete and return to the registration desk and UT Law CLE will report credit on your behalf to the State Bar of Texas, or you can self-report your credit directly to the State Bar of Texas at texasbar.com. A Certificate of Attendance will be provided at the conference to keep for your records.  
California
7.50 hrs
Additional Information
At the conference, you will need to sign in on the Record of Attendance form at the registration desk. Self-report your CLE credit directly to the State Bar of California at calbar.ca.gov. You will receive a Certificate of Attendance at the conference to keep for your records. UT Law CLE will maintain Attendance Records for four years.  
Oklahoma
9.00 hrs
Additional Information
At the conference, you will need to sign in on the Record of Attendance form at the registration desk. You will receive a Certificate of Attendance at the conference to keep for your records. UT Law CLE will report credit on your behalf to the Oklahoma Bar Association within 30 days after the conference.
Other States
Note on Self-Reporting Your Credits in Another State
If you wish to satisfy MCLE or other professional education requirements in another state for a program offered by the University of Texas School of Law, please check with the state bar or other licensing authority in that state before taking the program to ensure it will qualify for self-reporting your credits.

Other Credit

Certified Professional Landman (AAPL) – Expected
Registered Professional Landman (AAPL) – Expected
TX Accounting CPE
9.00 hrs
Additional Information
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 will need to sign in on the Accounting CPE Record of Attendance form at the registration desk. You will receive a Texas Accounting Certificate of Completion at the conference for your records. Self-report your CPE credit directly to TSBPA. UT Law CLE will maintain Attendance Records for four years.  

UT Law CLE

2014 Primer: The Law, Science and Finance of International Energy Projects

Key Dates

Houston

  • Last day for Individual early registration: Jan 24, 2014
    Add $50 for registrations received after this time
  • Last day for cancellation (full refund): Jan 24, 2014
  • Last day for cancellation (partial refund): Jan 27, 2014
    $50 processing fee applied

UT Law CLE

2014 Primer: The Law, Science and Finance of International Energy Projects

Hotel / Venue

Houston

Four Seasons Hotel

1300 Lamar St
Houston, TX
713.650.1300 (reservations)
Map

Accommodations

$225 room rate good through January 2, 2014 (subject to availability).

Parking Information

Valet $15 per day; Overnight Valet $30; Self-parking available in nearby lots