top of page

UNITIZATION AND JOINT DEVELOPMENT OF OIL AND GAS RESERVOIRS

COURSE OVERVIEW & LEARNING OUTCOMES

This course gives 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. It is presented in a format that includes both lectures and simulation exercises. This approach allows participants to gain experience with the unitization process and determining the appropriate unit participation factors. 

TARGET PARTICIPANTS

  • Middle to senior level managers 

  • Senior Executives 

  • Lawyers 

  • Geologists 

  • Petroleum 

  • Reservoir Engineers Regulators 

EXAMPLE MODULES

  • What is Unitization?
  • Types of Unitization and Pooling: Voluntary and Mandatory
  • Why is unitization necessary? What is at Stake?
  • Terminologies
  • Approaches to Unitization
  • Order of Units Operations
  • Documenting Unitization
  • Factors Affecting Unitization Agreements and Remedies
  • Determination of initial tract and unit interests
  • Change in Unit Areas
  • Redetermination and how it works
  • Redetermination process, and the role of independent subject matter experts.
  • Unit Operating Agreements (UOA)
  • Elements of UOAs
  • Achieving purposeful unitization with the instrument of a UOA
  • When the rubber meets the road- Unitization in Practice.
  • Pitfalls in UOAs
  • Issues surrounding UOAs
  • Tract participation
  • Provisions about determination and re-determination
  • UOA Committee Voting
  • Handling Defaults
  • Field Development Planning and Joint Development of Reservoirs
  • Principles
  • Key factors
  • Technical (Geologic and Reservoir) Consequences of development schemes
  • Overview of Sub-surface Technical Studies to support determination of unitization and development of unitized O&G Assets.
  • Technical Processes in Unit Re-determination
  • Politics of Unitization
  • Challenges in Unitization
  • Contractual Issues in Unitization
  • Economic and Fiscal Implications of Unitization
  • Inclusion of Non-Straddling Reservoirs into a Unit.
  • Green-Green Unitization
  • Brown-Brown Unitization
  • Brown-Green Unitization
  • Green-Brown Unitization
  • Transborder Unitization
  • Boundary question

DURATION

5 Days

LOCATIONS:

Houston

bottom of page