09 · Corporate · Amont · midstream
Oil and gas transactions
What assistance changes in this practice, what it does not change, and the time reduction actually observed.
Where the gain is real
Title and licence audit, offtake contract review, extraction of royalties and of decommissioning obligations.
Where it is slight or nil
Negotiation with the host state, relations with the joint venture partners.
Observed time
−47% at constant case scope, on cases closed over the last three financial years. This measure says nothing about the quality of the outcome.
What the practice covers
- Audit of mineral titles, concessions and production licences
- Review of joint operating agreements and consortium arrangements
- Offtake, transportation and storage agreements
- Extraction of royalties and of production sharing clauses
- Decommissioning obligations, financial guarantees and environmental liabilities