Accueil > International and comparative petroleum law and contracts


Type d'enseignement : Seminar

Semester : Spring 2017-2018

Number of hours : 24

Language of tuition : English

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Course Description

Petroleum laws and contracts are the ultimate manifestation of policy and are the result of lengthy negotiation processes. The aim of this course is to help students become familiar with, and understand the main type of contracts used in the upstream petroleum industry (Production Sharing Agreements, Concessions and Service Agreements) and their most important fiscal and legal mechanisms. This course will also focus on the study of risk mitigation strategies in order to avoid the most common forms of legal and political risks: expropriations and contract renegotiation. An assessment of major expropriations and contract renegotiations, as well as a review of international arbitration disputes derived from these events will be offered. We will also review the impact of the "Energy Transition" and resource abundance on the oil and gas industry and host countries from both the legal and contractual point of view. At the end of the course students will be able to understand petroleum contract dynamics from both the host country and the IOC's point of view, understand their structure and adaptability, and the reasons why these are so frequently changed as well as the tools which are at their disposal to avoid this trend.


BELLORIN, Carlos (Principal Petroleum Analyst, IHSMarkit)

Course validation

Short paper (45%) ; practical Exercise, mock bid round (45%) ; class participation (10%).

Required reading

Please refer to the syllabus

Plans de cours et bibliographies