LLM 7201

Oil and Gas Contracting

Course ID
LLM 7201
Campus
Muyenga
Level
Postgraduate
Instructor
Timothy Nkonge
Credit
4 CU
Method
Lecture

The oil and gas sector being one of the most profitable and strategic sectors in the world makes contracts the basis of creating legally binding relationships amongst the various actors involved.

Module Overview

Professionals of the oil and gas industries are more than ever required to know and understand the regulations and practices governing contracts in the oil and gas industry. This requirement extends not just to lawyers, but also geologists seeking out new mining sites, engineers planning the drills, commercial managers, insurance and risk managers looking to reduce the legal and contracts risks for their companies, and those responsible for drawing up oil and gas and  mining contracts, all need to know the legal technicalities affecting the industry. 

Objectives

  • To equip the learners with skills necessary for drafting Oil and Gas contracts
  • This module is intended to create an understanding of how oil and gas contract laws help the development of natural resource economics from exploration, to production and commercialization
  • Give overview of some of the legal issues so as to enable students acquire a basic understanding of the key issues involved in the oil and gas contracting.
  • Undertake a comparative study in regard to oil and gas contracting with other jurisdictions from a theoretical approach.

How you study

Lectures, Group discussions and Tutorials

Course Works – 60%
Written Examination – 40%
Total – 100%

Learning Outcomes

On successful completion of the course, students should be able to:

• A systematic understanding, critical awareness and new insights on the law and policy at the forefront of the commercial importance underlying oil and gas contractual arrangements.

• A comprehensive understanding of how to carry out original and independent research in the area through the development of analytical skills from an interaction with appropriate research materials including relevant books, journal articles, standard form contracts, cases and legislative instruments.

• An ability to evaluate critically and discuss current research in the structure of the oil and gas industry’s contractual environment and the effect of these clauses on the contractual parties

• The ability to deal with complex data and knowledge and to communicate an understanding of this to specialists and non-specialists utilizing accurate legal techniques.

• Capacity to draft good and binding contract than can withstand potential and actual litigation

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