Understanding Oil and Gas Asset Unitization

Introduction

The Understanding Oil and Gas Asset Unitization course provides a comprehensive overview of
the unitization process in oil and gas operations, with a focus on Nigeria’s Unitization Guidelines
issued in 2019. It explains the principles, regulatory requirements, and practical procedures
involved in jointly developing hydrocarbon reservoirs that extend across license or lease
boundaries. Participants will gain clarity on how unitization promotes resource optimization,
prevents waste, and ensures equitable sharing among parties. The course is designed to equip
stakeholders with the technical, legal, and commercial understanding necessary to initiate or
participate effectively in a unitization process in compliance with Nigerian regulations

Target Audience

This course is suitable for:
 Oil and gas asset managers and field development planners
 Legal and regulatory affairs professionals in E&P companies
 Reservoir and petroleum engineers
 Commercial and JV coordinators
 Government and regulatory agency personnel (NUPRC, NNPC Ltd, etc.)
 Technical advisors, consultants, and project managers involved in field development
 New entrants into the industry seeking regulatory exposure

Learning Objectives

After the course, participants will be able to:
 Understand the purpose and importance of unitization in maximizing reservoir recovery and
operational efficiency.
 Identify the legal and regulatory framework governing unitization in Nigeria.
 Explain the key principles and elements of a unitization agreement.
 Describe the process flow from identification of straddled reservoirs to approval and
implementation.
 Interpret the roles and responsibilities of stakeholders, including licensees, the unit operator,
and regulators.
 Navigate common challenges such as equity determination, data sharing, and dispute
resolution.
 Apply Unitization Guidelines to real-world scenarios in multi-party field development

Organizational Benefits

✓ Stronger industry and technical literacy across functions

✓ Improved cross-functional communication and decision-making

✓ Better understanding of operational, regulatory and commercial considerations

✓ More informed participation in industry and asset-related discussions

Course Content

Module 1: Introduction to Unitization
Module 2: Legal and Regulatory Framework
Module 3: Triggers and Preconditions for Unitization
Module 4: The Unitization Process
Module 5: The Unitization Agreement
Module 6: Equity Determination and Data Sharing
Module 7: Roles and Responsibilities
Module 8: Challenges and Dispute Resolution
Concluding remarks, action planning and wrap-up

Duration

This is a two (2) days course

Delivery

Onsite | Online | Hybrid