Legal Aspects of Oil & GasOrder DescriptionCoursework & Resit Coursework Assignment BriefSemester:
Spring 2015 (A15)Module Title:
Legal Aspects of Oil & GasProgramme:
BSc (Hons) Oil and Gas ManagementFormat:
An individually written assignment consisting of a written essay.
Presentation:
YesAny special requirements:
All written work should be submitted on the Student Portal along with an acceptable Turnitin ReportWord Limit:
2,500 words (with 10% plus or minus leeway)YOUR WORK MUST BE SUBMITTED VIA THE STUDENT PORTAL. HARD COPY OR EMAIL SUBMISSION WILL NOT BE MARKED.Deadline date for submission:5.00 pm on Monday, 24 March 2015Learning outcomes to be examined in this assessment (please note that this is not the assessment task)
Demonstrate a good understanding of the substantive rules of international law applicable to the oil and gas industryEvaluate the key principles of contract formation in international commercial transactions and key international law principles and trends in the oil and gas sectorAssess the effectiveness of international law in addressing the environmental impact of oil exploration and exploitationDemonstrate a critical understanding of the importance of oil and gas law as a distinct subject, studied in a practical and commercial context.Knowledge and understanding: Demonstration of detailed knowledge of the legal framework of oil and gas industry and the implications of national, regional and international law.Cognitive/intellectual skills: Ability to analyse a range of information and to synthesise ideas, selecting appropriate techniques of evaluation.Key/Transferable skills: Ability to manage information towards a given purpose and understand the relevance in the analysis of legal problems.Practical skills: Ability to apply given techniques to the solution of particular problems.Percentage of marks awarded for module:
This assignment is worth 50% of the total marks for the moduleAssessment Task:
An Individual Essay/ReportWhen it comes to allocating and managing risks in the Oil & Gas Industry, there are several ways in which both the host country and the international oil companies manage this. Discuss the different ways in which this is managed by the parties in a Product Sharing Agreement and comment on whether the status quo is satisfactory.You must support your answer with relevant and appropriate examples.