Bidding Open for 48 Hours Part 1. The role of the various organisations involved in the oil &…
Bidding Open for 48 Hours
Part 1. The role of the various organisations involved in the oil & gas industry (30%)
You are an advisor to a West African nation where substantial quantities of oil have been discovered in a remote, environmentally sensitive onshore area. Once production commences this will be the first ever oil production in the country. Several oil companies, turnkey contractors and major equipment vendors have expressed individual interest in developing the find. The Government is uncertain how best to control these interests and is looking to you for advice.
If the Government decides to appoint an Oil Major as the Project Manager for an EPIC contract then what are your recommendations for :-
a) The key features of contractual arrangements – between the oil company (as the customer), the primary contractors, sub-contractors and vendors. (15%)
b) The performance measurements and controls that the Government should require to be in place in the licence terms with the oil company to meet the Government‟s development objectives of rapid development, local content and environmental protection (15%) ……. …..
Part 2.
Petroleum economics and taxation regimes, legal arrangements and contractual relationships (40%)
a) What are the key considerations for a host country when negotiating – and then managing a – PSA contract with an oil major to maximise the country‟s revenues throughout a project‟s life. What would be the risks that the host country might see to the countries revenues (30%)
b) Use the spreadsheet provided to assess the relative significance to the country‟s revenue of variations in the rate of production, the level of capital spend and the rates of operating cost throughout the fields life (10%)
Part 3.
Review the risks faced by the industry and means of identifying and managing them. (10%)
Review how the management of technical risk may change during the design, construction and operation periods of an offshore platforms life.
Part 4.
Awareness of future oil and gas sources, climate change and social responsibility (10%)
How might a developing country with new large oil and gas discoveries best avoid the „curse of oil‟ and ensure that the exploitation of the natural resources enhance the quality of life of the population as a whole? ……. …..
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