The Firm has advised several clients in the field of Oil and Gas.
Our in-house team has ample knowledge and experience in negotiating and drafting Petroleum Agreements. Issues of concern in a Production Sharing Contract like participating interest, liability of the contractor, functioning of the management committee, government participation, financing etc. are well deliberated before finalizing the same. Accordingly, in a Joint Operating Contract core issues such as operator's liability, operating committee, cross charges, project financing etc. are paid adequate attention during negotiating and drafting the contract.
We have advised Premier Oil in their deal with ONGC in previous New Exploration Licensing Policy (NELP). Premier Oil is an operator of the Blocks licensed to ONGC.
We are well acquainted with the legal regime Oil Fields (Regulation and Development) Act, 1948, Petroleum and Natural Gas Rules, 1959 and The Territorial Waters, Continental Shelf, Exclusive Economic Zone and Other Maritime Zones Act, 1976 {in case of offshore blocks} regulating the exploration and production business in India.
We have also a leading oil & gas arbitration, dispute resolution practice and have handled/currently handling some of the largest oil and gas dispute matters. We are presently acting on behalf of the Union of India through Ministry of Petroleum and Natural Gas on some of the largest oil and gas dispute. Recently, we have advised the Ministry of Petroleum and Natural Gas to successfully resolve dispute with Cairns Energy.