Nicht aus der Schweiz? Besuchen Sie lehmanns.de

Drafting and Negotiating Petroleum Royalty Agreements (eBook)

eBook Download: EPUB
2021
119 Seiten
Globe Law and Business Ltd (Verlag)
978-1-78742-799-0 (ISBN)

Lese- und Medienproben

Drafting and Negotiating Petroleum Royalty Agreements -  Peter Roberts
Systemvoraussetzungen
219,99 inkl. MwSt
(CHF 214,90)
Der eBook-Verkauf erfolgt durch die Lehmanns Media GmbH (Berlin) zum Preis in Euro inkl. MwSt.
  • Download sofort lieferbar
  • Zahlungsarten anzeigen
This Special Report provides an overview of the key issues relating to petroleum royalty agreements including key forms of royalty agreement (including gross overriding royalties, net profit interests, cash and in-kind royalties).
Petroleum royalty agreements are well understood and widely used in several jurisdictions worldwide, and are increasingly being used in many new jurisdictions as a tool for petroleum project development, financing and divestment. However, they are not always drafted with the necessary rigour, and deficiencies are commonplace. This Special Report provides an overview of the key issues relating to petroleum royalty agreements (with drafting examples), including: key forms of royalty agreement (including gross overriding royalties, net profit interests, cash and in-kind royalties); an explanation of the economic underpinning of royalty agreements; the content and effect of key royalty agreement provisions; and additional provisions which can be found in royalty agreements. It will be an invaluable guide to legal, commercial and financial professionals engaged in petroleum project financing, development and divestment.

Introduction 7

Part A: Introduction to royalty interests 9

A1 The essential elements of a royalty interest 9

A2 The characterisation of a royalty interest 10

A3 How a royalty interest comes into existence 12

A3.1 A royalty interest as a vehicle to facilitate a financial investment 12

A3.2 A royalty interest as part of the sale consideration on a transfer of interests 15

A3.3 The US model for petroleum exploitation 15

A4 The concessionary interests 17

A5 The produced petroleum 19

A6 The subject interest 21

A7 The royalty rate 23

A8 The economic balance of the royalty interest 24

A9 The form of execution of a royalty agreement 27

A10 Mineral interest royalties 28

Part B: The economic underpinning of royalty interests 29

B1 The royalty in kind 30

B2 The cash royalty 31

B3 The gross overriding royalty 36

B4 The net profit interest 36

B5 Upstream petroleum granting instrument royalties 43

Part C: Basic elements of a royalty agreement 45

C1 Ambit 45

C2 Audit and inspection 47

C3 Boilerplate provisions 50

C3.1 Confidentiality and announcements 50

C3.2 Conflicts management 50

C3.3 Entire agreement 51

C4 Duration 51

C4.1 Commencement 51

C4.2 Term 52

C4.3 Termination 54

C5 Information provision 55

C6 Governing law and dispute resolution 57

C6.1 Governing law 57

C6.2 Dispute resolution 58

C6.3 Custom and practice 58

C7 Performance, breach and liability 59

C8 Production covenants 61

C9 Production indemnities 65

C10 Relationship with the JOA 68

C11 Statements and payment mechanics 69

C12 Taxation allocation 71

C12.1 The royalty holder’s liability 71

C12.2 The producer’s liability 71

C12.3 Taxation allocation 72

C13 Transfers 73

C13.1 Transfers by the producer 73

C13.2 Transfers by the royalty holder 77

C13.3 General 77

C14 Warranties 78

Part D: Additional provisions in a royalty agreement 81

D1 Collateral support 81

D2 Conversion rights 84

D3 Expropriation protection 86

D4 Fiduciary duties 87

D5 Force majeure 88

D6 Insurance 90

D7 Management of competing interests 90

D8 Pooling and unitisation 91

D9 Redemption rights 93

D10 Registration 95

D11 Replacement upstream petroleum granting instruments 96

D12 Suspension rights 97

Part E: Related arrangements 101

E1 Royalty-repaid carry costs 101

E2 Payout arrangements 102

E3 Volumetric production payments 105

E4 Illustrative agreement participation 109

Notes 109

Index 113

About the author 117

About Globe Law and Business 119

Erscheint lt. Verlag 2.9.2021
Verlagsort London
Sprache englisch
Themenwelt Recht / Steuern EU / Internationales Recht
Recht / Steuern Öffentliches Recht Umweltrecht
Schlagworte Petroleum royalty agreements, petroleum production projects, oil and gas projects
ISBN-10 1-78742-799-4 / 1787427994
ISBN-13 978-1-78742-799-0 / 9781787427990
Haben Sie eine Frage zum Produkt?
EPUBEPUB (Adobe DRM)

Kopierschutz: Adobe-DRM
Adobe-DRM ist ein Kopierschutz, der das eBook vor Mißbrauch schützen soll. Dabei wird das eBook bereits beim Download auf Ihre persönliche Adobe-ID autorisiert. Lesen können Sie das eBook dann nur auf den Geräten, welche ebenfalls auf Ihre Adobe-ID registriert sind.
Details zum Adobe-DRM

Dateiformat: EPUB (Electronic Publication)
EPUB ist ein offener Standard für eBooks und eignet sich besonders zur Darstellung von Belle­tristik und Sach­büchern. Der Fließ­text wird dynamisch an die Display- und Schrift­größe ange­passt. Auch für mobile Lese­geräte ist EPUB daher gut geeignet.

Systemvoraussetzungen:
PC/Mac: Mit einem PC oder Mac können Sie dieses eBook lesen. Sie benötigen eine Adobe-ID und die Software Adobe Digital Editions (kostenlos). Von der Benutzung der OverDrive Media Console raten wir Ihnen ab. Erfahrungsgemäß treten hier gehäuft Probleme mit dem Adobe DRM auf.
eReader: Dieses eBook kann mit (fast) allen eBook-Readern gelesen werden. Mit dem amazon-Kindle ist es aber nicht kompatibel.
Smartphone/Tablet: Egal ob Apple oder Android, dieses eBook können Sie lesen. Sie benötigen eine Adobe-ID sowie eine kostenlose App.
Geräteliste und zusätzliche Hinweise

Buying eBooks from abroad
For tax law reasons we can sell eBooks just within Germany and Switzerland. Regrettably we cannot fulfill eBook-orders from other countries.

Mehr entdecken
aus dem Bereich

von Heinz-Joachim Peters; Thorsten Hesselbarth; Frederike Peters

eBook Download (2024)
Kohlhammer Verlag
CHF 35,15

von Heinz-Joachim Peters; Thorsten Hesselbarth; Frederike Peters

eBook Download (2024)
Kohlhammer Verlag
CHF 35,15

von Sabine Schlacke

eBook Download (2023)
Nomos Verlagsgesellschaft mbH & Co. KG
CHF 29,20