scholarly journals The 2007 CAPL Operating Procedure

2009 ◽  
Vol 46 (2) ◽  
pp. 427
Author(s):  
Craig Spurn ◽  
Jana Prete ◽  
Melissa Zerebeski
Keyword(s):  
Detailed Analysis ◽  
Operating Procedure ◽  
Oil And Gas ◽  
Standard Form ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Model Form ◽  
Canadian Association ◽  
Form Approach

This article provides an introduction and overview of the 2007 Canadian Association of Petroleum Landmen Operating Procedure and a detailed analysis of certain key provisions and changes made. The article notes that the 2007 Procedure is responsive to significant developments in the Canadian oil and gas industry and constitutes a major update of the Procedure, including in its emphasis on a “norm-based” approach rather than a “standard form” approach and articulating the need for, and cost of, deviating from the provisions of the model form.

scholarly journals Problems Relating to Arctic Farmout and Joint Operating Agreements

1972 ◽  
Vol 10 (3) ◽  
pp. 450
Author(s):  
Wayne G. Holt
Keyword(s):  
Operating Procedure ◽  
Oil And Gas ◽  
Standard Form ◽  
Oil And Gas Industry ◽  
The Arctic ◽  
Gas Industry ◽  
Canadian Association ◽  
New Concepts ◽  
Regulatory Problems

The form and content of Farmout Agreements and Joint Operating Agree ments in use in the Canadian onshore oil and gas industry have become standardized to the point that the Canadian Association of Petroleum Landmen has published Model Operating Procedure. Farmout and Joint Operat ing* Agreements used in the Arctic require new concepts and different pro visions and procedures to deal with* the special problems caused by the de mands of the environment and the requirements of the Canada Oil and Gas Land Regulations. This article examines the special environmental and regulatory problems of the Arctic, reviews the provisions of standard form agreements and suggests changes necessary to deal with Arctic problems, and discusses provisions and procedures peculiar to Arctic Farmout and Joint Operating Agreements.

EPCM contracting: clearing the minefield

2014 ◽  
Vol 54 (1) ◽  
pp. 231
Author(s):  
Julie Whitehead ◽  
Karen Walters
Keyword(s):  
Construction Management ◽  
Oil And Gas ◽  
Standard Form ◽  
Oil And Gas Industry ◽  
Project Delivery ◽  
Risk Allocation ◽  
Infrastructure Projects ◽  
Gas Industry ◽  
Optimum Performance ◽  
The Past

The past year has seen a downturn in the number of new mining and infrastructure projects in Australia. Despite that, the authors are noticing a continuation of the trend towards a greater use of engineering, procurement and construction management (EPCM) style contracting. The increased use of EPCM contracts is in part due to projects becoming larger and more complex. As these projects can only be delivered by multiple contractors who all seek to limit their liability, the EPCM contract offers a useful framework for coordinating and managing those contractors, and maximising the owner’s recourse to them. This is particularly so in the oil and gas industry, with many projects using this form of project delivery. As there is no standard-form EPCM contract, however, and given the complex technical nature of these types of projects, negotiating an EPCM contract can be fraught with danger, especially for owners who may not have used this style of contract before. This paper discusses the unique characteristics of the EPCM contract (particularly in contrast to the engineering, procurement and construction style contract), the typical risk allocation, and the creative use of compensation and incentive regimes to drive optimum performance. The EPCM model is not suited to all projects, but if it is appropriately negotiated and drafted, and is well managed by an appropriately skilled and resourced owner’s team, it can provide a platform for excellence in project delivery.

Using model form contracts in the Australian oil and gas industry

2011 ◽  
Vol 51 (1) ◽  
pp. 535
Author(s):  
Andrew Thompson
Keyword(s):  
Risk Management ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Legal Risk ◽  
Model Form ◽  
Australian Context

The adoption of model form contracts makes good business and legal risk management sense. In an Australian context there are a number of model form contracts available for each phase of an oil and gas project. This paper focuses on a few key examples including the Association of International Petroleum Negotiators (AIPN) Model Form Farmout Agreement and related Term Sheet, and the AIPN Model Form International Operating Agreement. Recent statutory changes, world events and practical drafting trends affecting the use of model form contracts also are commented on.

Deployment of Digital NDT Solutions in the Oil and Gas Industry

2020 ◽  
Vol 78 (7) ◽  
pp. 861-868
Author(s):  
Casper Wassink ◽  
Marc Grenier ◽  
Oliver Roy ◽  
Neil Pearson
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry

What Does Rent Give to Federal Budget (on the Russia's Budget Dependence upon "Oil Dollars")

2004 ◽  
pp. 51-69 ◽  
Author(s):  
E. Sharipova ◽  
I. Tcherkashin
Keyword(s):  
Oil And Gas ◽  
Strong Dependence ◽  
Oil Prices ◽  
Federal Budget ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Resource Rent ◽  
Tax Legislation ◽  
Russian Economy ◽  
The Government

Federal tax revenues from the main sectors of the Russian economy after the 1998 crisis are examined in the article. Authors present the structure of revenues from these sectors by main taxes for 1999-2003 and prospects for 2004. Emphasis is given to an increasing dependence of budget on revenues from oil and gas industries. The share of proceeds from these sectors has reached 1/3 of total federal revenues. To explain this fact world oil prices dynamics and changes in tax legislation in Russia are considered. Empirical results show strong dependence of budget revenues on oil prices. The analysis of changes in tax legislation in oil and gas industry shows that the government has managed to redistribute resource rent in favor of the state.

The Political Economy of Power: Approaches to the Analysis of Relationships between the State and Business in Russia

2011 ◽  
pp. 19-33
Author(s):  
A. Oleinik
Keyword(s):  
Oil And Gas ◽  
Road Construction ◽  
Oil And Gas Industry ◽  
Retail Trade ◽  
Business Community ◽  
The Political ◽  
Economic Power ◽  
Gas Industry ◽  
The Road ◽  
Ruling Elites

The article deals with the issues of political and economic power as well as their constellation on the market. The theory of public choice and the theory of public contract are confronted with an approach centered on the power triad. If structured in the power triad, interactions among states representatives, businesses with structural advantages and businesses without structural advantages allow capturing administrative rents. The political power of the ruling elites coexists with economic power of certain members of the business community. The situation in the oil and gas industry, the retail trade and the road construction and operation industry in Russia illustrates key moments in the proposed analysis.

Consideration of Geopolitical Challenges within the Analysis of Geoenvironmental Risks for Oil and Gas Development of the Russian Arctic

2019 ◽  
Vol 16 (6) ◽  
pp. 50-59
Author(s):  
O. P. Trubitsina ◽  
V. N. Bashkin
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Optimal Operation ◽  
The Arctic ◽  
Stage Model ◽  
Oil And Gas Development ◽  
Gas Industry ◽  
The Impact ◽  
Further Development ◽  
Geopolitical Risks

The article is devoted to the consideration of geopolitical challenges for the analysis of geoenvironmental risks (GERs) in the hydrocarbon development of the Arctic territory. Geopolitical risks (GPRs), like GERs, can be transformed into opposite external environment factors of oil and gas industry facilities in the form of additional opportunities or threats, which the authors identify in detail for each type of risk. This is necessary for further development of methodological base of expert methods for GER management in the context of the implementational proposed two-stage model of the GER analysis taking to account GPR for the improvement of effectiveness making decisions to ensure optimal operation of the facility oil and gas industry and minimize the impact on the environment in the geopolitical conditions of the Arctic.The authors declare no conflict of interest

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