Individual project Contracts & Regulation

Individual project Contracts & Regulation Order Description urther information  All essays must be typewritten, and must follow usual academic guidelines such as be properly referenced, be free of plagiarism or borrowing from other academic sources and be student’s own work  Referencing instructions: Please refer to the OSCOLA referencing guide available via www.law.ox.ac.uk/published/OSCOLA_4th_edn.pdf 2  Word count: both questions 1 &2 together not to exceed 3500 words (excluding footnote referencing). There is a penalty for deviating substantially from the word length (i.e. in excess of +/- 10% of the specified word count)  You must include a statement on the front cover of your work that gives the word count  All questions carry equal mark Coursework Titles Question 1 Your client, a small new entrant to the UKCS, is looking to enter into a gas transportation agreement, with the owners of an existing pipeline, to export gas from their nearby new development. There are no real technical problems in ‘tie-ing in’ or connecting physically to the pipeline and the tariff arrangements are acceptable to your clients. The field to be developed is expected to produce gas and is expected to have a life of ten to twelve years although this will probably be extended by prudent management of the reservoir. A draft Transportation Agreement has been sent for your client’s review and in particular includes:  A ten year fixed term;  A minimum bill (or Send or Pay) obligation of eighty percent of the nominated Firm Capacity;  Problems with production will not constitute a Force Majeure event;  A provision that if there is a problem in the transportation system then the producer’s capacity may be reduced; Required: Explain to your client the main effect and implications of the above and any recommendations you may have. Question 2 A gas producer has a field in which it is very difficult to know exactly how much gas is there and how much can be produced on a day -by -day basis. Given these difficulties what type of gas sales agreement (GSA) would be advisable and what other features might mitigate the seller’s liability under the GSA? PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET AN AMAZING DISCOUNT :)