Re-Structuring Contracts that Are Currently Being Discussed
Luis Agosti
Principal
Cornerstone Research
What is the role of legal going forward supporting oil companies in drafting new contract arrangements?
- What type of new deals are being discussed? What is their duration?
- What kind of volumes are being agreed?
- What is the risk that you should take according to your company portfolio?
- What is the risk that you should take according to your company portfolio?
- Will you need to sign a LTGC to ensure security of supply?
- Re-negotiating a contract when you have no other option and cannot replace the existing LTGC with anything else.
- How to deal with the LTGC that have been in the market for a long time?
- How can you respond to the fundamentally change market conditions in these contracts?
- What are the advantages of an early termination when price revision is not sufficient?
- Understanding on your existing contracts: freedom and flexibility in different contexts.
- Should buyer margin granted under LT oil indexed contracts be preserved when these contracts are migrated to Gas Indexation?
- Does re-negotiating contract price defeat the purpose of putting a contract in place? Would it be advisable to put an explicit cap and floor to the contract price?