LWMTCG-Comparative Oil and Gas Policy

Module Provider: School of Law
Number of credits: 10 [5 ECTS credits]
Level:7
Terms in which taught: Spring term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2022/3

Module Convenor: Dr Jorge Guira
Email: j.m.guira@reading.ac.uk

Type of module:

Summary module description:
The module aims to provide an understanding of the regulatory and contractual mechanisms required to make a single jurisdiction work in relation to oil and gas law. The emphasis is on providing the student with knowledge and understanding of the differences (and similarities) between regimes based on licences and those based on production sharing contracts.
All oil and gas law throughout the world is the same at a basic level £ international law determines which state is entitled to the resource; the entitled state grants rights to individuals to extract the resource; the individuals agree amongst themselves as to how to split the costs and benefits; there is unitisation if necessary; the production is taxed; pipelines etc are built to move the production; the production is sold; and the facilities are ultimately decommissioned. This module aims to show the different models states adopt to facilitate oil and gas production, including the role of state companies.

Aims:
The module is designed:
- to promote an understanding and critical appreciation of the comparative features of oil and gas law
- to promote an awareness of the key differences in the various jurisdictions that are relevant for the oil and gas industry

Assessable learning outcomes:
At the end of the module, students should be able to:
- demonstrate knowledge of the key comparative issues in the oil and gas law of various jurisdictions
- demonstrate an understanding of the regulatory and contractual mechanisms required to make a single jurisdiction work in relation to petroleum law
- be familiar with, and demonstrate a critical appreciation of, the different models states adopt to facilitate petroleum production, including showing the role for state comp anies.

Additional outcomes:

Outline content:
The module consists of the following main themes:
- main contractual regimes in the oil and gas industry
- profit sharing agreements
- role and involvement of the state in facilitating petroleum production
- role of state companies

Brief description of teaching and learning methods:
Module delivery will be through a mix of lectures and a group-work/student presentation session

Contact hours:

	Autumn	Spring	Summer
Seminars		12
Guided independent study:		88
Total hours by term		100
Total hours for module	100

Summative Assessment Methods:

Method	Percentage
Written assignment including essay	100

Summative assessment- Examinations:

Summative assessment- Coursework and in-class tests:
8 page essay (formatted in accordance with the School of Law£s Assessed Work Rules)

Formative assessment methods:

Penalties for late submission:

The below information applies to students on taught programmes except those on Postgraduate Flexible programmes. Penalties for late submission, and the associated procedures, which apply to Postgraduate Flexible programmes are specified in the policy £Penalties for late submission for Postgraduate Flexible programmes£, which can be found here: http://www.reading.ac.uk/web/files/qualitysupport/penaltiesforlatesubmissionPGflexible.pdf
The Support Centres will apply the following penalties for work submitted late:

• where the piece of work is submitted after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for that piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of five working days;
• where the piece of work is submitted more than five working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

The University policy statement on penalties for late submission can be found at: http://www.reading.ac.uk/web/FILES/qualitysupport/penaltiesforlatesubmission.pdf
You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

Assessment requirements for a pass:
50% overall

Reassessment arrangements:
See School of Law PGT Programme Handbook

Additional Costs (specified where applicable):

Required text books

Last updated: 29 March 2022