Re-Structuring Contracts that Are Currently Being Discussed

July 6, 2017 2:15pm

What is it about?

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?