Under this category, we include advising on, negotiating and drafting the wide range of upstream petroleum contracts which oil companies enter into with one another. Such contracts would include the joint operating agreement, the unit operating agreement, decommissioning security agreements, infrastructure contracts such as transportation processing and operating services agreements, co-mingling agreements, pipeline-crossing agreements and product sales agreements covering gas, condensate and oil.
VassPetro is well able to assist you with negotiation and drafting of these contracts. To give one particular example, we have especially strong experience with the vital joint operating agreement, which also often plays a key role in M&A transactions. While VassPetro does not bring or defend oil and gas claims (whether litigation, arbitration or mediation) it does provide pre-claim analysis and support.
“In the period before the divestment of our interest in the West Newton field (PEDL 183) to Reabold Resources plc, Uisdean provided us with very valuable strategic advice on the interpretation of our PEDL 183 joint operating agreement.”Frazer Lang, CEO, Humber Oil & Gas Limited