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Oil and Gas Regime: Regulating the Powerhouses

 

The oil and gas sector in India is amongst the six core industries and plays a major role in influencing decision-making for all other important sections of the economy. Given the vast scale of this sector, disputes involving high monetary risks are steadily increasing. Consequently, knowledge of this sector is important for everyone, more so lawyers looking to make a career in this field.

This course on the oil and gas sector of India provides a comprehensive insight with respect to investment and regulatory aspects. It lays out the key governing bodies, regulatory framework, various organizations within the sector and examines the roles that each of these perform, major policy initiatives of the GoI to give boost to hydrocarbon and petroleum sector, problems faced by the earlier policy (NELP) and how the new Policy can overcome them. Further, it provides an understanding of the changes brought in by HELP, the transition from Production Sharing Contracts (PSCs) to Revenue Sharing Contracts (RSCs) and how it will eliminate the areas of disputes in contracts.

COURSE OUTCOME

 
 

After completing the course, you will be able to:

  • Understand the current scenario including the applicable bidding process and the lacunae which are impeding development of the Oil and Gas sector.
  • Analyze current legislations and regulatory framework in place which is followed along with the key players involved in exploration and production activities in India;
  • Understand NELP, problems faced by it and how the new Policy can overcome them;
  • Evaluate the new policy (HELP), its main facets, the need for change in the policy regime and how it will help enhance the oil and gas production in India.
  • Identify the importance of introduction of the new revenue sharing model in contracts and how the introduction of the new model will eliminate areas of disputes in earlier contracts
  • Discuss the dispute resolution mechanism in contracts

COURSE OUTLINE

 
 
  • Module 1 – Introduction
  • Module 2 – Legislation, Governing Bodies, and Regulatory Framework for Exploration and Production Followed in India
  • Module 3 – Fiscal Framework for Upstream Sector in India: The NELP
  • Module 4 – Introduction to HELP
  • Module 5 – Type of Contracts in the O&G Sector
  • Module 6 – Dispute Resolution in Contracts
  • Module 7 – Other Important Policy Initiatives
  • Module 8 – Conclusion
  • Certification Exam/ Assessment

CERTIFICATION

 

Honors Badge

WHO SHOULD TAKE THIS COURSE

  • Lawyers
  • Law Students
  • Professionals in Oil & Gas sector
  • Professionals in regulatory bodies and govt.
  • Other interested stakeholders

Level: Beginner and Intermediate

Language: English

Duration: 6 Months

EVALUATION METHOD

Learners must submit all assignments and secure at least 50% marks in Certification Exam at the end of the course to obtain the course certificate.

About the Author

Aradhana Syal is Partner at DNG Chambers. Her expertise and focus areas are Private Equity, M&A, Oil & Gas, Retail and Manufacturing. She holds a master’s degree in business law from National Law School of India University, Bangalore, and has nearly a decade’s experience of having worked in firms like Cyril Amarchand and Mangaldas, the leading law firm of India and Clasis Law, which has work referral arrangement with Clyde & Co. – one of the largest law firm in the world.
She has substantial experience in advising on significant and complex public and private mergers and acquisitions, joint ventures, private equity and general corporate/commercial transactions covering a wide range of industries. Further, she regularly advises clients with respect to their business establishment activities, regulatory matters and commercial deals. Her practice spans many sectors including oil and gas/energy and infrastructure laws. She also has considerable expertise in advising on the entire spectrum of oil and gas matters, including upstream oil and gas, M&A, regulations, etc. She has extensive experience of advising national and international oil and gas companies/government authorities, international bidders, project sponsors and developers.

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