OIL & GAS FIELD UNITISATION & EQUITY REDETERMINATION
“Aligning Stakeholder Interests Through Field Integration and Reserves Reassessment”
Course Schedule
| Date | Venue | Fees (Face-to-Face) |
|---|---|---|
| 12 – 16 May 2025 | Dubai, UAE | USD 3495 per delegate |
Course Introduction
Oil and gas field unitisation is a critical legal, technical, and commercial process that enables the joint development of petroleum reservoirs that extend across license or contract boundaries. Coupled with equity redetermination, it ensures fairness in allocating production and reserves among stakeholders as new data emerges.
This 5-day intensive course provides professionals with a comprehensive understanding of the principles, challenges, and best practices in field unitisation and equity redetermination. From reservoir engineering to contractual frameworks, participants will gain the tools to protect stakeholder interests while optimizing field development and operational efficiency.
Course Objectives
By the end of this course, participants will be able to:
• Understand the legal, technical, and commercial foundations of field unitisation
• Assess the need and triggers for equity redetermination
• Analyze reservoir data for reserve allocation and volumetric adjustments
• Negotiate and draft unitisation and redetermination agreements
• Manage multi-party coordination and dispute resolution processes
Key Benefits of Attending
• Learn how to ensure fair and effective cross-boundary field development
• Understand the intricacies of legal and commercial frameworks for unitisation
• Avoid disputes through proactive planning, governance, and redetermination clauses
• Gain a competitive edge in joint ventures, mergers, or asset transfers
• Improve collaboration between technical, legal, and commercial teams
Intended Audience
This program is designed for:
• Petroleum engineers and reservoir analysts
• Legal advisors and contract managers in oil & gas
• Commercial managers and joint venture coordinators
• Government regulators and national oil company representatives
• E&P executives involved in field development strategy
Individual Benefits
Key competencies that will be developed include:
• Interpretation and application of unitisation agreements
• Volumetric and performance-based equity allocation techniques
• Stakeholder engagement and negotiation skills
• Reservoir modeling in the context of equity division
• Regulatory compliance and dispute mitigation
Organization Benefits
Upon completing the training course, participants will demonstrate:
• Improved equity fairness in multi-party asset development
• Enhanced technical and legal coordination during joint projects
• Greater regulatory alignment and partner satisfaction
• Risk mitigation in redetermination disputes and renegotiations
• Optimized reserve and resource planning across units
Instructional Methdology
The course follows a blended learning approach combining theory with practice:
• Strategy Briefings – Global practices, legal models, and contract principles
• Case Studies – Field unitisation and equity redetermination disputes and successes
• Workshops – Drafting clauses, calculating equity, and evaluating volumetrics
• Peer Exchange – Real-world challenges from operators and regulators
• Tools – Sample unit agreements, equity calculators, and redetermination templates
Course Outline
Training Hours: 07:30 AM – 03:30 PM
Daily Format: 3–4 Learning Modules | Coffee Breaks: 09:30 & 11:15 | Lunch Break: 01:00 – 02:00
Day 1: Foundations of Unitisation and Legal Principles
- Module 1: Introduction to Field Unitisation (07:30 – 09:30)
• History, rationale, and global practices - Module 2: Legal and Regulatory Frameworks (09:45 – 11:15)
• Cross-border agreements, PSCs, and licenses - Module 3: Workshop – Review of a Unitisation Agreement (11:30 – 01:00)
• Key clauses and negotiation considerations
Day 2: Reservoir Characterisation and Equity Principles
- Module 4: Reservoir Modeling for Unitisation (07:30 – 09:30)
• Geological and production data integration - Module 5: Equity Determination Approaches (09:45 – 11:15)
• Volumetric, value-based, and performance-based methods - Module 6: Workshop – Initial Equity Determination Case (11:30 – 01:00)
• Allocation based on shared reservoir estimates
Day 3: Redetermination Triggers and Technical Considerations
- Module 7: Triggers for Equity Redetermination (07:30 – 09:30)
• When and why to redetermine - Module 8: Redetermination Processes and Timelines (09:45 – 11:15)
• Roles, procedures, and documentation - Module 9: Workshop – Simulating a Redetermination Scenario (11:30 – 01:00)
• New data, reserve updates, and allocation changes
Day 4: Commercial Negotiation and Risk Management
- Module 10: Stakeholder Engagement and JV Coordination (07:30 – 09:30)
• Aligning interests and managing expectations - Module 11: Risk Mitigation and Dispute Resolution (09:45 – 11:15)
• Arbitration, mediation, and expert determination - Module 12: Workshop – Draft a Redetermination Clause (11:30 – 01:00)
• Dispute prevention through smart contract design
Day 5: Integrated Unitisation Planning and Future Trends
- Module 13: Integrated Planning for Unitised Fields (07:30 – 09:30)
• Operations, HSE, and investment coordination - Module 14: Digital Tools and Emerging Trends (09:45 – 11:15)
• Data sharing platforms and AI in reservoir modeling - Module 15: Final Workshop – Build a Full Unitisation Plan (11:30 – 01:00)
• Legal, technical, and commercial integration
Certification
Participants will receive a Certificate of Completion in Oil & Gas Field Unitisation & Equity Redetermination, validating their proficiency in managing field integration, stakeholder equity, and redetermination procedures in the petroleum industry.