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Fall 2021

5371 International Petroleum Transactions - WRIGHT- 13042

Professor(s): Denney Wright (OTHER FACULTY)

Credits: 3

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

Time: 4:00p-5:30p  MW  Location: 121  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: DistanceEd  The instructor for this course has expressed a preference to operate the course as distance education. This means no physical classroom is assigned for this course. This also most likely means synchronous internet videoconferencing class sessions during the day(s) and time(s) when the course is scheduled to meet. However, other, more flexible modalities are possible, such as not using some of the scheduled class sessions to meet but instead supplementing with asynchronous distance education techniques. More details should be made available from the instructor via their syllabus or via other means as the start of the semester nears.

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:

Final Exam Schedule: 12/13 4pm-7pm  111 TU2    

This course will have:

Satisfies Senior Upper Level Writing Requirement: No

Experiential Course Type: No

Bar Course: No

DistanceEd ABA:

Pass-Fail Student Election: Available

Course Materials

Book(s) Required

(ISBN 978-1-57823-507-0)
Upstream Government Petroleum Contracts
Author: King and Spalding
Publisher: Juris Publishing, Inc.
Edition: 2017

Other Text Resources (supplements to required text for optional reference below)

(ISBN 100-87814-426-9)
International Petroleum Fiscal Systems and Production Sharing Contracts
Author: Johnston
Publisher: PennWell
Edition: 1994
Format: Paper or Access Online thru UH Law librarian
Student use of this title is Recommended

(ISBN 978-1- 593704-80-3)
Petroleum Fiscal Systems
Author: Jarlsby and Pereira
Publisher: PennWell
Edition: 2018
Format: Paper or Access Online thru UH Law librarian
Student use of this title is Recommended

(ISBN 978-1-882047-48-2)
Author: SMITH
ISBN: 9781882047482
Publication Date: 01/28/2010
Publisher: ROCKY MTN