Oil and Gas Contracts: Principles and Practice, 4th Ed by Peter Roberts | 2025

Oil and Gas Contracts: Principles and Practice, 4th Ed by Peter Roberts | 2025

Oil and Gas Contracts: Principles and Practice examines the standard industry documents underpinning upstream, midstream and downstream petroleum contracts. It combines legal principles with practical commentary on their use in energy transactions and related commercial arrangements.

• Explores mineral laws, licensing, and agreements with host governments and between governments.

• Reviews preliminary participation arrangements, including confidentiality, areas of mutual interest, joint studies, joint bidding, joint wells, and data trading and sharing, alongside the enforceability of reasonable and best endeavours obligations.

• Analyses model joint operating agreements, their provisions, accounting procedures and trust deeds.

• Examines contracts for drilling, procurement and services.

• Explains unitisation, pooling and other joint development arrangements, including pre-unit agreements, the relationship between unitisation and unit operating agreements (UUOAs) and joint operating agreements (JOAs), petroleum lifting, commingling, balancing, title interests, and allocation and attribution/substitution agreements.

• Discusses petroleum management, processing and operational services contracts, third-party infrastructure access, gas liquefaction and LNG regasification project structures, and terminal access and services.

• Provides detailed analysis of the terms used in oil, gas and LNG sales contracts.

• Reviews shipping arrangements, including vessel leasing, time and voyage charter parties, contracts of affreightment and bills of lading.

• Examines pipeline transportation from both transporter and shipper perspectives, covering system rules, links between sales and transportation contracts, cross-border investment protection, crossing, proximity and tie-in agreements, and capacity management.

• Covers the sale, purchase and exchange of petroleum interests, farm-out and earn-out arrangements, pre-emption rights, due diligence, representations and warranties.

• Addresses decommissioning obligations and related security arrangements.

• Includes contractual provisions for constructing petroleum infrastructure.

• Analyses corporate and project financing, including contingent consideration, royalty deeds, volumetric production payments, reserves-based lending, debt priorities and security interests.

• Explores dispute resolution through negotiation, arbitration and court proceedings, including governing law and jurisdiction clauses.

About the Author:

Peter Roberts was admitted as a solicitor in England and Wales in 1991 and Hong Kong in 2000. He trained at Linklaters and has advised on oil and gas matters since 1994. His experience includes serving as in-house counsel at Exxon Corporation (1994–1997), General Counsel of Centrica Energy (2007–2010), and a partner at several major international law firms. He has also lived and worked in Asia.

Peter is Editor Emeritus of the Journal of World Energy Law and Business, the journal of the Association of International Petroleum Negotiators (AIPN), which he edited from 2008 to 2021. He previously edited the International Energy Law Review and chaired the International Bar Association’s Oil and Gas Law Committee. A Visiting Professor at Universidad Austral’s Faculty of Law in Buenos Aires, he has lectured extensively on oil and gas law and authored several leading industry textbooks.

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