2015 Primer:

The Law, Science and Finance of International Energy Projects

Houston Jun 10, 2015 Royal Sonesta Hotel Houston
Conference Concluded

Overview

This unique multidisciplinary primer, The Law, Science and Finance of International Energy Projects is ideal for new entrants to the field or as a refresher for experienced practitioners. The Primer is interactive, offers a high-level introduction to legal structures and agreements and the science and finance that underlie and drive international upstream energy projects, and provides substantive take-away materials.

Stay on for International Upstream Energy, where 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.

Event Schedule

Program is subject to change.
All times are Central Time Zone.

Time

Credit

Subject

Speaker
Wednesday Morning, June 10, 2015
8:00 am

Registration Opens

Includes continental breakfast.
8:50 am

Welcoming Remarks
9:00 am

0.25 hr

Overview of an International Energy Project Lifecycle

An overview of a typical international energy project lifecycle from development through decommissioning.

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

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

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 (liquefaction, 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

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

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, June 10, 2015
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

D. Marie Wagner, Anadarko Petroleum Corporation - The Woodlands, TX
1:30 pm

Break
1:45 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

Keith Troutman, Anadarko Petroleum Corporation - The Woodlands, TX
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

D. Marie Wagner, Anadarko Petroleum Corporation - The Woodlands, TX
3:45 pm

Break
4:00 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

Keith Troutman, Anadarko Petroleum Corporation - The Woodlands, TX
4:30 pm

0.50 hr

Co-Venture Operations

Getting into a co-venture can seem easy compared to operating a successful co-venture. This session 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

D. Marie Wagner, Anadarko Petroleum Corporation - The Woodlands, TX
5:00 pm

0.75 hr

Summary and Q&A

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

D. Marie Wagner, Anadarko Petroleum Corporation - The Woodlands, TX
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
Eric C. Potter, Bureau of Economic Geology, The University of Texas - Austin, TX
Keith Troutman, Anadarko Petroleum Corporation - The Woodlands, TX
5:45 pm

Adjourn

Download Schedule

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

Credit Info

Houston

MCLE Credit

Texas – 7.75 hrs
Legal Specialization(s): Oil, Gas and Mineral Law

You may claim your credit online in Your Briefcase, and UT Law CLE will report credit on your behalf to the State Bar of Texas. A Certificate of Attendance will be provided in Your Briefcase for your records. The system reports Texas CLE credit every Tuesday. If you are claiming credit in the last week of your birth month, self-report your CLE credit directly to the State Bar of Texas at texasbar.com, using the course number provided on your certificate of attendance.

California – 7.75 hrs

You must claim your credit online in Your Briefcase, and will then be provided a Certificate of Attendance for your records. UT Law CLE is required to provide the State Bar with electronic attendance records for any MCLE participatory activity within 60 days of completion of the activity. The California licensee is responsible for reporting their compliance/credit hours earned to the State Bar at the end of their reporting period directly to the State Bar of California at calbar.ca.gov UT Law CLE will maintain Attendance Records for four years.

Louisiana – 7.75 hrs

At the completion of the conference you must claim and certify your credit online in Your Briefcase, and will then be provided a Certificate of Attendance for your records. UT Law CLE will report credit on your behalf to the Supreme Court of Louisiana Continuing Legal Education Committee within 30 days after the conference.

Oklahoma – 9.00 hrs

You must claim and certify your credit online in Your Briefcase, then you will then be provided a Certificate of Attendance for your records. UT Law CLE will report credit on your behalf to the Oklahoma Bar Association within 30 days after the conference.

Other Credit

TX Accounting CPE – 9.00 hrs

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 are welcome to sign in on the Accounting CPE Record of Attendance form at the registration desk, but we are now reporting all credit online. You will receive a Texas Accounting Certificate of Completion in Your Briefcase. Self-report your CPE credit directly to TSBPA. UT Law CLE will maintain Attendance Records for four years.

Contact us at accreditation@utcle.org if you have additional questions.

Key Dates

Houston – Jun 10, 2015 – Royal Sonesta Hotel Houston

Conference Concluded

Buy

Houston

Individual
Last day for $250.00 Regular pricing: Jun 5, 2015
$300.00 for registrations received after this time

Group (5 registrants minimum)
Last day for $225.00 Regular pricing: Jun 3, 2015
$275.00 for registrations received after this time

Group (10 registrants minimum)
Last day for $200.00 Regular pricing: Jun 3, 2015
$250.00 for registrations received after this time

Cancellation Policy
Last day for full refund cancellation: Jun 5, 2015
$50 processing fee applied after this date
Last day for cancellation: Jun 8, 2015

Venue

Royal Sonesta Hotel Houston

2222 West Loop South
Houston, TX 77027-3502
713.627.7600
Map

Accommodations

$189 room rate good through May 25, 2015 (subject to availability).

Parking Information

Daily Self-Parking: $10
Overnight Self-Parking: $16
Daily Event Valet: $21
Overnight Valet: $28

Our Sponsors

Thank you to our sponsors! Click each logo below to learn more.

Anadarko Petroleum Corporation

Anadarko Petroleum Corporation
anadarko.com

Anadarko Petroleum Corporation (NYSE: APC) is among the world’s largest independent oil and natural gas exploration and production companies, with 2.86 billion barrels of oil equivalent (BBOE) of proved reserves and more than 6,000 employees worldwide at year-end 2014. The company’s portfolio of assets encompasses premier positions in the U.S. onshore and deepwater Gulf of Mexico. Anadarko also has international operations in Algeria, West Africa, Mozambique, South America and New Zealand. We are committed to safely producing the energy we all need in a manner that protects the environment, public health and supports our communities. We take our responsibility seriously to safely deliver resources to our energy-hungry world and hold true to our core values of integrity and trust, servant leadership, commercial focus, people and passion, and open communication in all of our business activities.
King & Spalding

King & Spalding
kslaw.com

King & Spalding’s upstream energy practice lawyers represent large and small independent oil companies, majors and super-majors, national oil companies, and international service companies in every type of upstream project, dispute, regulatory matter, and compliance action. We make it our business to know the international oil & gas industry—its players, lenders, regulators, consultants, and leaders, and its history, driving forces, latest trends, and newest frontiers. Many of our lawyers come from successful in-house counsel roles, and collectively, no law firm offers greater domestic and international oil and gas expertise. We have drafted, negotiated, evaluated, and—when necessary—enforced the full spectrum of upstream agreements, and we know not merely what the words say, but what they intend and why they were chosen. Our upstream lawyers often work side by side with our clients over the entire project life cycle, always focused on their business goals while helping them anticipate and mitigate their commercial, legal, and political risks.
Latham & Watkins LLP

Latham & Watkins LLP
lw.com

Latham & Watkins is a global law firm with approximately 2,000 lawyers practicing U.S., English, German, French, Spanish, Italian, Hong Kong and Japanese law. We represent clients in more than 75 countries and we have offices in 30 cities, including all of the key financial centers in the U.S., Europe, Middle East and Asia. We have internationally recognized practices in a number of transactional, regulatory and litigation areas. Latham & Watkins has received praise for our innovative approach to law firm management and for our pro bono work both on a local and global scale. Our success is grounded in our devotion to the collaborative process, which reaches across global offices and practices and draws upon our deep subject matter expertise, an abiding commitment to teamwork and a powerful tradition of creative lawyering.
Norton Rose Fulbright

Norton Rose Fulbright
nortonrosefulbright.com

Norton Rose Fulbright is a global legal practice. We provide the world's pre-eminent corporations and financial institutions with a full business law service. We have more than 3,800 lawyers based in over 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.

Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions, energy, infrastructure, mining and commodities, transport, technology and innovation, and life sciences and healthcare.

The Law, Science and Finance of International Energy Projects

Overview

Event Schedule

Wednesday Morning, June 10, 2015

Wednesday Afternoon, June 10, 2015

Conference Faculty

Planning Committee

Credit Info

MCLE Credit

Other Credit

Key Dates

Venue

Royal Sonesta Hotel Houston

Accommodations

Parking Information

Our Sponsors

Anadarko Petroleum Corporation

King & Spalding

Latham & Watkins LLP

Norton Rose Fulbright

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