Table of Contents

Introduction 5
Paul M Welch
SDX Energy Inc

Preface 7
John C LaMaster
Caroline-Lucy Moran
Akin Gump Strauss Hauer & Feld LLP

Sale structure 9
Joanna Kay
Peter Roberts
Orrick LLP

Consideration in oil and gas sale and purchase agreements 27
Olivier Chambord
Allison Soilihi
Morgan Lewis & Bockius UK LLP

Conditions precedent and deferred completions 39
John C LaMaster
Akin Gump Strauss Hauer & Feld LLP

Covenants in upstream acquisitions and divestitures 67
Kevin Atkins
Locke Lord LLP

Oil and gas warranties 89
Caroline-Lucy Moran
Akin Gump Strauss Hauer & Feld LLP

Allocation of and limitations on liability, and the use of indemnities 117
Hussain Kubba
Geoff Peters
Kimberley Wood
Norton Rose Fulbright LLP

Environmental provisions in upstream acquisitions and divestitures 135
Paul E Gutermann
Akin Gump Strauss Hauer & Feld LLP

Decommissioning 155
Nicholas Antonas
Marc Hammerson
Akin Gump Strauss Hauer & Feld LLP

Competition law provisions in sale and purchase agreements 175
Peter Crowther
Jade-Alexandra Fearns
Winston & Strawn LLP

Anti-corruption provisions 195
Nicole D’Avanzo
Tamer Soliman
Akin Gump Strauss Hauer & Feld LLP

Tax aspects of oil and gas mergers and acquisitions 205
Paul White
Chadbourne & Parke LLP

Governing law and jurisdiction clauses 221
Richard Ellison
David Waldron
Morgan Lewis & Bockius UK LLP

Oil and gas boilerplate provisions 243
John C LaMaster
Akin Gump Strauss Hauer & Feld LLP

About the authors 255

Index 261