Programa Ejecutivo Internacional:
Regulación de Hidrocarburos
REGULATION OF HYDROCARBONS
TRAINING COURSE
I. General Theme:
The forces of globalization test the ability of states to manage and sustain their institutions in a complex geopolitical
environment. The strategic formulation of government regulation must take into account the best practices in the
O&G industry, especially since public policy would be affected by international markets.
In terms of energy policy, Mexico now faces the challenge of fostering the development of a competitive industry
as a condition of national economic development and energy security. In effect, it is necessary to constantly review
regulatory models to generate new patterns of public and private investment, and to promote efficient entry into
international markets. Such interdisciplinary exercise presupposes a fundamental tool of knowledge in sectors such
as energy; hence the proposed courses integrate various modules to be conducted by different specialists in the
areas of engineering, business, economics, and law.
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Programas Ejecutivos ITAM
Programa Ejecutivo Internacional: Regulación de Hidrocarburos
II. Objectives:
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To provide to professionals technical and conceptual elements of economic regulation applied to energy
infrastructure.
To examine on the technical and economic constraints facing the hydrocarbons industry.
To analyze the best international practices in the regulation of hydrocarbons (investment, oil transactions, and
contracts).
To present the new constitutional and legal framework of the energy sector in Mexico, with emphasis on
hydrocarbons.
To formulate a diagnostic status of the regulation of the hydrocarbons sector in Mexico and to provide an
analytical framework applicable to public sector policies.
III. Course Structure & Date
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The program (80- hour course) is divided into four modules, three times a week.
The audience, depending on the number of participants, could choose separately some topics considered in
Module 4.
Coursework in Mexico, with professional instructors from Wood Mackenzie, professors from ITAM (Centro de
Energía y Recursos Naturales), and visiting faculty from the University of Houston’s Environment, Energy and
Natural Resources Center.
The course will start in October 7th. 2015.
Programas Ejecutivos ITAM
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COURSE 2015
(80-HOUR COURSE/ 8 WEEKS)
MODULE 1
UNDERSTANDING O&G
(10 HRS)
MODULE 2
PETROLEUM ECONOMICS
(20 HRS)
3 DAYS
October 6h- 8th
4 DAYS
October 12th -15th
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Overview, Structure &
Operation of Oil & Gas
Geology Petroleum
Traps and Reservoirs
The Players and their
Liabilities.
Drilling- The Wild Part
of the Business.
Completions:
Cementing, Perforating,
and Fracing.
Marketing the Deal
From the Rock to the
Surface.
Pumps & CompressorsWhy lawyers should
care.
Use of Trial Exhibits–
Case Studie.
At the Surface
What’s It Worth?
Oil Company Records.
Gas Processing and
Distillation.
Pipeline Operations
Gathering Systems,
Transportation Lines,
And Local Distribution
Companies.
O&G Storage,
Transportation,
Exchange, and
Marketing.
Programas Ejecutivos ITAM
Day 1&2 (Economics and
Finance)
1. Asset Valuation & Cash
Flow.
2. Value and Decision
Tools.
3. Uncertainty and Risk
Analysis.
4. Corporate Finance.
Days 3&4 (Fiscal Systems)
5. Fiscal Systems Overview
6. Concessions.
7. Production Sharing
Contracts.
MODULE 3
THE MEXICAN REFORM:
KEY SUBJECTS OF
REGULATION I
(30 HRS)
MODULE 4
KEY SUBJECTS OF
REGULATION II
(20 HRS)
9 DAYS
October 21st. -23rd
October 28th -30th
November 4th-6th
7 DAYS
November 11th- 13th
November 18th-20th
November 27th
Day 1,2 & 3
• Constitutional
Considerations . The
new model.
• The Institutional
Framework.
Day 1&2
• The new legal system
in the field of social
and environmental
regulation.
• Best practices in the
social/environmental
regulation.
• offshore safety in the
Gulf of Mexico, the new
U.S. system.
Day 4,5 & 6
• Structuring bidding
round.
• Process in the oil and
gas sector. Study of
comparative practices.
• The O&G industry and
the Mexican fiscal
regime.
Day 3&5
• Corporate Social
Responsibility and Local
Content.
• Technology Transfer
Day 7, 8 & 9
• Investment and
• International Petroleum.
Commercial Arbitration.
• Contracts: Models,
Legal.
Day 6
• Drafting and
• International
Negotiations.
Colloquium: Learning
from Pioneer Models
(Colombia, Brazil,
Norway).
Programa Ejecutivo Internacional: Regulación de Hidrocarburos
OBJECTIVES
MODULE 1:
This course teaches oil industry business basics and terminology by means of the analysis of basic concepts like
exploration, production, pipeline operation and refining. The participants will acquire an appreciation of how the
entire industry “works” and they will be able to identify legal issues that typically arise in business disputes and
opportunities.
MODULE 2:
After this module participants will:
• Have a solid grounding in the concepts of petroleum economics.
• Identify the key issues affecting exploration and production operations.
• Understand the terminology and be able to articulate the key concepts.
• Understand the government share of petroleum economics and how the regulatory terms impact valuation.
• Be able to work out cost, price, risk and profitability of projects.
• Understand the key parameters affecting upstream asset valuations.
MODULES 3 & 4:
Modules 3 and 4 are related to the energy reforms in Mexico and will present:
• The basic legal framework of the energy sector with emphasis on hydrocarbons (Upstrem).
• A preliminary diagnostic status of the regulation of the hydrocarbons sector in Mexico in order to provide an
analytical framework applicable to public sector policies.
• Best international practices in the regulation of hydrocarbons focused on: transactions and contracts; social and
environmental regulation; offshore.
General Notes:
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Target Audience: Attorneys specializing in energy law; law or engineering; and employees from Mexico’s
governmental agencies (Sener, CRE, CNH, ASEA, SHCP).
Course Materials. Full training course materials are provided to each participant.
Academic Coordination:
ITAM. Centro de Energía y Recursos Naturales: Professor Josefina Cortés Campos.
University of Houston: Professor Jacqueline Weaver, Director, Environment, Energy and Natural
Resources Center / Professor Stephen Zamora, Director, Center for U.S. and Mexican Law.
Programas Ejecutivos ITAM
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PROGRAMAS EJECUTIVOS
Tel: 5628 4183 y 5490 4688,
sin costo desde el interior 01 800 398 4826
Av. Camino a Sta. Teresa 930
Col. Héroes de Padierna,
10700, México, D.F.
Correo electrónico: execed@itam.mx
www.desarrolloejecutivo.itam.mx