Field Unitisation and Equity Redetermination Course

Name: Field Unitisation and Equity Redetermination Training Course
Availability: InStock

Connect shared-reservoir evidence, unit agreements, tract participation and expert procedures in one defensible equity process.

Field Unitisation and Equity Redetermination Course

At a glance

Duration: 1 Week
Format: Classroom
Cities: Chicago, London, Frankfurt, Cairo, Milan, New York and more
Next session: 8 – 12 November 2026, Chicago
Average fee: 7,500 €

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Field Unitisation and Equity Redetermination Training Course

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Overview

Field Unitisation and Equity Redetermination Training Course is a one-week advanced programme for joint-venture, reservoir, commercial, economic and legal professionals. Participants connect shared-reservoir evidence to unit boundaries, tract participation, agreement architecture, redetermination procedure, expert determination and financial adjustment. They leave with Unitisation Heads of Terms and an Equity Redetermination Playbook. Agile Leaders Training Center presents this multidisciplinary shared-field course.

Who Should Attend

Joint-venture and non-operated asset managers
Reservoir engineers, geoscientists and reserves professionals
Commercial, economics and new-ventures teams
Legal advisers and contract managers
Finance, accounting and equity-settlement specialists
Government-relations and field-development professionals

Participants should understand upstream projects, reservoir evidence, joint ventures or petroleum agreements. The course does not provide jurisdiction-specific legal advice or replace independent reserves certification.

Departments and Industries

Oil and gas operators, non-operators and national companies
Joint ventures and licence groups sharing a reservoir
Reservoir, subsurface and field-development departments
Legal, commercial, finance and petroleum-economics functions
Regulators and state participants in unit developments
Advisers supporting expert determination and disputes

Learning Objectives

Determine when a shared field requires unitisation
Structure pre-unitisation, unitisation and unit operating terms
Build tract participation and unit-interest cases from technical evidence
Design redetermination triggers, submissions and expert procedures
Calculate equity adjustments, past-cost effects and make-up positions
Prepare Unitisation Heads of Terms and an Equity Redetermination Playbook

Course Agenda

Day 1: Frame the Shared-Field Case

Straddling Reservoir, Licence and Unit Area Map
Voluntary, Required and Cross-Boundary Unitisation
Field Development, Maximum Recovery and Competitive Drilling Context
Pre-Unitisation Data Exchange and Confidentiality Plan
Stakeholder, Interest and Negotiation-Issue Register

Day 2: Structure the Agreement Set

Pre-Unitisation Agreement and Heads of Terms
Unitisation and Unit Operating Agreement Architecture
Unit Operator, Committee, Voting and Work-Programme Governance
Unit Accounting, Cost Sharing and Default Provisions
Regulatory Approval, Effective Date and Unit-Area Change

Day 3: Determine Initial Equity

Gross Rock Volume, Net Pay and Hydrocarbon Pore Volume Inputs
STOIIP, GIIP and Recoverable-Volume Bases
Deterministic, Probabilistic and Blended Participation Formulae
Data Quality, Uncertainty and Party Submission Protocol
Initial Tract Participation and Technical Committee Record

Day 4: Run Redetermination

Scheduled, Event-Based and Party-Requested Triggers
Data Cut-Off, Submission Rounds and Reopening Limits
Expert Appointment, Scope, Evidence and Finality
Equity Adjustment, Past Cost and Hydrocarbon Make-Up
Accounting, Reserves and Commercial Impact Register

Day 5: Negotiate and Defend the Position

Suggested Exercise: Define a Unit Area and Agreement Set
Suggested Exercise: Calculate Competing Tract Participation Cases
Suggested Exercise: Design a Redetermination Procedure
Suggested Exercise: Test an Expert Determination Clause
Capstone Exercise: Present the Heads of Terms and Redetermination Playbook

Practical Exercises

Map licences, reservoir extent, owners and candidate unit boundaries.
Build competing equity cases from volumetric and uncertainty inputs.
Draft decision rules for data cut-off, submissions, experts and finality.
Calculate and negotiate equity-change settlements and fallback positions.

FAQs

What is field unitisation?

It is the joint development and operation of a reservoir extending across ownership or licence boundaries as one unit under agreed interests, governance, costs and production entitlement.

What is tract participation?

Tract participation is the percentage interest assigned to each tract or licence in the unit, commonly supported by agreed volumetric, reserves or production-based evidence and formulae.

Why is equity redetermined?

Redetermination updates participation when new seismic, well, reservoir or production information materially changes the technical understanding used for the earlier equity split.

What does an independent expert decide?

The agreement defines the expert's appointment, scope, evidence, procedure and finality. The expert may decide technical inputs or the equity result when parties cannot agree.

How are past costs and production adjusted?

Agreement rules may rebalance historic costs, unit accounts, production entitlement, over-lift, under-lift or make-up volumes from an agreed effective date.

What will participants produce?

Participants build Heads of Terms and a playbook covering boundaries, interests, data, equity formulae, triggers, submissions, expert process, settlement and negotiation positions.

Conclusion

Participants leave with a traceable method for aligning reservoir evidence, agreement terms and commercial consequences. The documents support disciplined negotiation as subsurface knowledge and party interests evolve.

credits: 5 credit per day

Course Mode: full-time

Provider: Agile Leaders Training Center

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Showing 1-20 of 58 events

Location	Dates	Duration	Mode	Price
Chicago	Week 45, 2026 8 – 12 November 2026	1 Week	Onsite	€16,000
London	Week 47, 2026 16 – 20 November 2026	1 Week	Onsite	€6,500
Frankfurt	Week 47, 2026 16 – 20 November 2026	1 Week	Onsite	€6,500
Cairo	Week 48, 2026 23 – 27 November 2026	1 Week	Onsite	€5,200
Milan	Week 49, 2026 30 November – 4 December 2026	1 Week	Onsite	€7,000
New York	Week 50, 2026 7 – 11 December 2026	1 Week	Onsite	€16,000
Johannesburg	Week 50, 2026 13 – 17 December 2026	1 Week	Onsite	€6,000
Athens	Week 52, 2026 21 – 25 December 2026	1 Week	Onsite	€7,500
Toronto	Week 52, 2026 27 – 31 December 2026	1 Week	Onsite	€16,000
Paris	Week 53, 2026 28 December 2026 – 1 January 2027	1 Week	Onsite	€6,500
Seoul	Week 01, 2027 4 – 8 January 2027	1 Week	Onsite	€12,000
Bangkok	Week 01, 2027 10 – 14 January 2027	1 Week	Onsite	€8,000
San Diego	Week 03, 2027 18 – 22 January 2027	1 Week	Onsite	€16,000
Rome	Week 04, 2027 25 – 29 January 2027	1 Week	Onsite	€6,500
Zanzibar	Week 04, 2027 31 January – 4 February 2027	1 Week	Onsite	€6,000
Vienna	Week 06, 2027 8 – 12 February 2027	1 Week	Onsite	€7,500
Manama	Week 06, 2027 14 – 18 February 2027	1 Week	Onsite	€6,500
Casablanca	Week 08, 2027 22 – 26 February 2027	1 Week	Onsite	€6,000
Abu Dhabi	Week 09, 2027 1 – 5 March 2027	1 Week	Onsite	€6,500
Kuala Lumpur	Week 10, 2027 8 – 12 March 2027	1 Week	Onsite	€6,500

Frequently asked questions

What does this course cover?

OverviewField Unitisation and Equity Redetermination Training Course is a one-week advanced programme for joint-venture, reservoir, commercial, economic and legal professionals. Participants connect shared-reservoir evidence to unit boundaries, tract participation, agreement architecture, redetermination procedure, expert determination and financial adjus…

Are training dates available?

Yes. Available dates and destinations are listed in the course dates section on this page.

How can I register?

Choose an available date on this page and complete the registration form, or send a programme enquiry.

Can I download the course brochure?

Yes. Use the brochure download link provided on this page.

Field Unitisation and Equity Redetermination Course