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 21-40 of 58 events

Location	Dates	Duration	Mode	Price
Nairobi	Week 10, 2027 14 – 18 March 2027	1 Week	Onsite	€6,000
Bali	Week 11, 2027 21 – 25 March 2027	1 Week	Onsite	€6,500
Amsterdam	Week 13, 2027 29 March – 2 April 2027	1 Week	Onsite	€6,500
Tbilisi	Week 14, 2027 5 – 9 April 2027	1 Week	Onsite	€5,700
Dubai	Week 15, 2027 12 – 16 April 2027	1 Week	Onsite	€6,500
Jakarta	Week 16, 2027 19 – 23 April 2027	1 Week	Onsite	€8,000
Porto	Week 17, 2027 26 – 30 April 2027	1 Week	Onsite	€6,500
Geneva	Week 17, 2027 2 – 6 May 2027	1 Week	Onsite	€8,000
Abu Dhabi	Week 19, 2027 10 – 14 May 2027	1 Week	Onsite	€6,500
Lagos	Week 19, 2027 16 – 20 May 2027	1 Week	Onsite	€6,000
Montreux	Week 20, 2027 17 – 21 May 2027	1 Week	Onsite	€8,000
Prague	Week 21, 2027 24 – 28 May 2027	1 Week	Onsite	€7,500
Cape town	Week 21, 2027 30 May – 3 June 2027	1 Week	Onsite	€6,000
London	Week 23, 2027 7 – 11 June 2027	1 Week	Onsite	€6,500
Singapore	Week 24, 2027 14 – 18 June 2027	1 Week	Onsite	€6,500
Sharm El-Sheikh	Week 25, 2027 21 – 25 June 2027	1 Week	Onsite	€5,200
Langkawi	Week 25, 2027 27 June – 1 July 2027	1 Week	Onsite	€8,000
Berlin	Week 27, 2027 5 – 9 July 2027	1 Week	Onsite	€6,500
Trabzon	Week 27, 2027 11 – 15 July 2027	1 Week	Onsite	€8,000
Amman	Week 28, 2027 18 – 22 July 2027	1 Week	Onsite	€6,000

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