UOG639 | Upstream Oil and Gas Law

Course Information

  • 2020-21
  • UOG639
  • 5-Year B.A., LL.B. (Hons.)
  • III, IV, V
  • Jul 2020
  • Seminar Course

The course is an elective course. Since the liberalization of the Indian economy, oil and gas (O&G) sector has been actively promoted by the Government considering the importance of energy security in economic development and growth of the country. O&G law is not limited to the legislation enacted for licensing of O&G blocks but all other laws which are applicable to an O&G transaction. Therefore, the course is best suited for the fourth and final year students, who have the required knowledge of the Indian Constitution, Contract Law, Transfer of Property and International Law.

Course Approach: Upstream O&G sector is a specialized sector with high cost, high risk and long-term investment. Therefore, while teaching the course the focus will be on the interplay between sectorial requirements and the law. The course will start with the history of the O&G sector in India and globally. This is relevant as O&G can affects the geo-politics of a country, and will help the students to appreciate the development of law across the globe and its affect on the laws governing the Indian O&G sector. This will be followed by various theories of ownership applicable to O&G resources. The course will cover primarily domestic law and certain O&G contracts under which Government license/lease out O&G blocks to the contractors. As it is not possible to cover all aspects of the upstream O&G sector, the focus will be on the main legal and the contractual issues, and various risk mitigation measures used in the sector.

Resources: The primary resources will be the legislations, case laws and various reports. Further, while dealing with contractual issues, articles, case laws and books from other jurisdictions such as US and UK will also be considered.
Methodology: The course will involve delivering lectures on O&G concepts which are new to the students. The part of the course which deals with constitution and other laws will be conducted by way of discussion, presentation and Q&A sessions.

Faculty

Sushmita Haldar

Visiting Faculty