Fall 2018
5371 International Petroleum Transactions - WRIGHT- 15917

Professor(s): Denney Wright (OTHER FACULTY)

Credits: 3

Course Areas: Energy, Natural Resources and Environmental Law 
International Law

Time: 2:30p-4:00p  TTH  Location: 215  TUII

Course Outline: International Petroleum Transactions provides an overview of the laws, contracts, and legal issues that arise between host governments and oil companies that seek to invest in and develop oil and gas owned by the host governments. The course includes: an overview of National Oil Companies (the largest reserve owners today), ascertaining title to the minerals, especially in federalist countries or countries with indigenous tribes; resolving boundary disputes between nations; a comparison of the most commonly used granting contracts (licenses, production-sharing contracts and service contracts); issues arising under the international Joint Operating Agreement; sustainable development in resource development, including social impact assessment, human rights issues and litigation, and liability for transboundary pollution and oil spills; anti-corruption laws and codes; international arbitration; and other issues as time permits. The course also provides a good background to the future of the western majors in the global context of international energy. The class will have several guest lecturers who are leading practitioners in specialized areas of international petroleum transactions, such as arbitration and the Foreign Corrupt Practices Act.

Course Syllabus: Syllabus

Course Notes:   

Prerequisites:  It is interesting to contrast international contracts with the private oil and gas lease system studied in Oil and Gas Law (which is largely Texas oil and gas law, including Texas regulation of oil and gas). But Oil and Gas Law is not a prerequisite and the system of private ownership is quite different from the international world.

First Day Assignments: All,

Welcome to International Petroleum Transactions 2018!

The up-to-date 2018 Syllabus, an Assignment Sheet, a link to additional materials for day 1 and the Student Information and Background Survey are all posted to the 2018 UHLC BlackBoard IPT class site, FYI. UHLC BlackBoard will be the primary communication tool for our class.

I look forward to a great class -- with our two outside speakers it should be a great semester!

All the best,
Professor Wright

Denney L. Wright
Professor of Practice
University of Houston Law Center

Final Exam Schedule: 12/11 1-4PM  240 TU2    

This course will have:

Satisfies Senior Upper Level Writing Requirement: No

Experiential Course Type: No

Bar Course: No

DistanceEd ABA 306:

Pass-Fail Student Election:

Course Materials (3/29/2018 11:19:23 AM)

Book(s) Required

International Petroleum Transactions
Author:Ernest E. Smith
Publication Date:01/28/2010
Publisher:Rocky Mountain Mineral Law Found