Assignment: Legal Aspects of the Oil and Gas Industry
Word Limit: 2000 words (Plus or minus 10%)
Learning outcomes assessed:
Demonstrate a good understanding of the substantive rules of international law applicable to the oil and gas industry
• Evaluate the key principles of contract formation in international commercial transactions and key international law principles and trends in the oil and gas sector
• Assess the effectiveness of international law in addressing the environmental impact of oil exploration and exploitation
• Demonstrate a critical understanding of the importance of oil and gas law as a distinct subject, studied in a practical and commercial context.
Assignment Questions "Discoveries of oil and gas generate much excitement and great effort is put into understanding technical, commercial and legal aspects of field development. In fact however the first challenges to governments are negotiation challenges." Examine and evaluate the key areas and features that governments should focus on during their negotiation process and in the drafting of contracts with the International Oil Companies.