An Interactive 5-Day Training Course
Oil & Gas Field Unitisation and Equity Redetermination
Mastering Risk Mitigation and Negotiation Strategy
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website of GLOMACS International
| Date | Venue | Fees | |
|---|---|---|---|
| 18 - 22 May 2026 | Dubai - UAE | $ 5,950 | |
| 27 - 31 Jul 2026 | Dubai - UAE | $ 5,950 | |
| 12 - 16 Oct 2026 | London - UK | $ 5,950 |
Hydrocarbon tend to tread two or more license concessions areas or even international boundaries. Unitisation is a mechanism whereby reservoirs for petroleum and or gas are developed as a unit by a single operator (the Unit Operator) and use common production facilities under an agreement called a Unitisation Agreement. The objective is to obtain the maximum recovery of hydrocarbon by the parties.
Unitisation requires rather complete and real knowledge of the field which justifies there being a Unitisation Agreement which is among interested parties. The Unitization Agreement seeks to provide for that the participating interests in an equitable manner and avoid transit impact on the participating interests and helps to avoid some legal traps.
Unitization should be implemented early in the life of a field, prior to development as the owners seek to establish leverage in negotiating a larger share of the field or drain the field.
This GLOMACS training course on Unitisation in the Oil and Gas Industry will highlight:
What is Unitisation?
Documenting Unitization
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