Course dates
Topics Covered
-
Allocation of Risk under EPC
-
Contractor Selection
-
Impact on Project Structure
-
Implications for Project Financing
-
Determination of Damages
-
Special Circumstances for Refineries, Power Generation, Gas Processing
- Governing Law
Course overview
An increasing number of energy industry projects are constructed under the terms and conditions of Engineering, Procurement and Construction Contracts (“EPC”). Typically, an EPC contract obligates the Contractor to complete construction by a certain date for a fixed price. In the context of the energy industry, EPC’s have proven to be particularly suited to the three main considerations in construction agreements: Scope, Schedule and Budget.
-
Scope – since the Contractor is responsible for all aspects of a project until acceptance of the facility by the Sponsor.
-
Schedule – the completion date is fixed and exceptions, the Contractor is accountable for delays and defective performance
-
Budget – the Contractor is at risk for cost overruns unless covered by force majeure or due to Sponsor approved variations.
The use of an EPC impacts upon such considerations as project structure, arranging financing and insurance, and the commercial agreements. The presentation on each topic will be followed by a discussion of sample terms and conditions.
Who should attend
Day 1
Advantages & Disadvantages of EPC’s
-
Risk Allocation & Risk Premium
-
Impact on Project Structure & Management
-
Implications for Project Financing & Insurance
-
Contractor Selection & Procurement Criteria
-
Joint Ventures & Consortiums
-
Licensing Intellectual Property
-
Permits & Consents
-
HSE Obligations
Performance Guarantees
Day 2
Payment Arrangements
- Milestones
-
Retention & Security
-
Bonuses
Special Considerations and case studies
- Refineries
-
Power Generation
-
Gas Processing
- Pipelines
Day 3
Governing Law & Dispute Resolution
-
Local or Foreign Law
-
Exclusions
-
Enforcement of Awards
-
Tax Implications
Termination of EPC
- Force Majeure
- Major Default & Other Contingencies
Central London Hotel (energy), London, UK
All Euromoney Energy Training courses are held at four or five star venues in Central London, Zone 1. We strive to provide you with a training environment of the highest quality, to ensure that the whole learning experience exceeds your expectations.
Your training venue will be confirmed by one of our course administrators approximately 3-4 weeks before the course start date.
-
Steven Walker
Steven P Walker is an Advocate, with Terra Firma Chambers, Edinburgh & Barrister with Tanfield Chambers, London, who has been admitted to practise as an Advocate before the Courts of Scotland since 1999. He became an Accredited Mediator in 2003. He was admitted to the Cayman Islands Bar in 2007 and to the English Bar as a Barrister in 2008.
Steven is a contentious commercial energy lawyer who practises Scots, English and International Law. His practice deals with all forms of commercial dispute, and he has a particular interest in Natural Resources, oil/gas/mining as well as energy and construction and engineering related disputes. He has regularly appeared before numerous arbitral tribunals in the UK and abroad. Steven is an Honorary Fellow of the University of Edinburgh and Honorary Lecturer and member of the Global Academic Faculty of the Centre for Energy, Petroleum, Mineral Law and Policy (CEPMLP). He speaks and lectures worldwide.
Courses run by this instructor
Interested in holding this course in-house? Please fill out your details and a member of our team will be in touch with more information.
23-26 Jul 2012 (Paris, France)
A 4-day intermediate training course providing effective training in the critical considerations and conditions for successfully concluding Gas and LNG Sales Agreements. The course will enable you to gain an insight into the way in which Buyers and Sellers view and negotiate Gas and LNG Sales Agreements, and will give you a detailed understanding of the terms that are important in these transactions.
10-12 Jul 2012 (London, UK)
This 3-day Euromoney Energy Training course will give you an in-depth understanding of the problems and solutions in unit formation, negotiation of participation factors and operating agreements. The role of governmental agencies in consent and oversight will also be discussed.
10-12 Oct 2012 (Singapore, Singapore)
This course explores the structure and mechanisms of production sharing contracts (PSC's) for upstream oil and gas projects. Studying the underlying processes and commercial drivers, participants will examine case studies to illustrate the economic structure of these complex agreements.
17-20 Dec 2012 (Dubai, United Arab Emirates)
This 4 day International Oil & Gas Contracts course is specifically designed for professionals involved internationally in the oil and gas industry, it offers a unique opportunity to rapidly increase your understanding of the legal issues involved in various UK and international scenarios and to improve your techniques and skills in drafting a variety of international contracts.
3-5 Dec 2012 (London, United Kingdom)
Euromoney Energy Trainings Petroleum Sales Contracts course is designed to give attendees a comprehensive understanding of crude oil, natural gas and refined products markets and the sales contracts that are utilised for transactions through the supply chain.
23-25 May 2012 (Rio de Janeiro, Brazil)
This course explores the structure and mechanisms of production sharing contracts (PSC's) for upstream oil and gas projects. Studying the underlying processes and commercial drivers, participants will examine case studies to illustrate the economic structure of these complex agreements.
25-28 Jun 2012 (London, UK)
The four day training course offers a unique opportunity to rapidly increase your understanding of the legal issues involved in various UK and international scenarios and to improve your techniques and skills in drafting a variety of international contracts. Delegates will also learn how to effectively negotiate in concert with counsel and how to get the terms negotiated incorporated into an enforceable international oil and gas agreement.
11-13 Sep 2012 (London, UK)
This course explores the structure and mechanisms of production sharing contracts (PSC’s) for upstream oil and gas projects. Studying the underlying processes and commercial drivers, participants will examine case studies to illustrate the economic structure of these complex agreements.
21-23 Nov 2012 (Lagos, Nigeria)
Attend this practical and interactive three-day training course and enhance your knowledge in the following key areas: The fundamental economic principles underpinning production sharing contracts (PSC’s); The history and evolution of production sharing contracts (PSC’s); The PSC structure, content and flowchart; Cost recovery, profile share, bonuses, sliding scales; Royalty and Taxation; Ringfencing; Key economic issues in PSC negotiations and bidding, featuring: Nigeria PSC economic modelling workshop, The economic impact of the Petroleum Industry Bill (PIB) and Global case studies
17-20 Sep 2012 (London, UK)
This four day training course is specifically designed for
professionals involved internationally in the oil and gas
industry, it offers a unique opportunity to rapidly
increase your understanding of the legal issues involved
in various international scenarios and to improve your
techniques and skills in drafting a variety of
international contracts.
14-16 Nov 2012 (Almaty, Kazakhstan)
This course explores the structure and mechanisms of production sharing contracts (PSC’s) and the economic principles that underpin them. Studying the underlying processes and commercial drivers, participants will examine case studies to illustrate the economic structure of these complex agreements.
15-18 Oct 2012 (London, UK)
This 4-day course is designed to introduce both lawyers and nonlawyers alike to the understanding of how contracts in the oil & gas industry actually work and how to avoid and manage disputes.
17-21 Sep 2012 (London, UK)
This 5-day course is designed to introduce both lawyers and nonlawyers alike to the theories and practice of international commercial and investment arbitration in the oil & gas industry.
Course dates