Oil & Gas

VLM has significant experience advising leading players in the oil and gas industry, including service providers and upstream/downstream operators in Azerbaijan. We have supported clients in navigating the complex regulatory environment and commercial challenges that characterize this strategic sector.

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Our experience includes drafting, reviewing, and negotiating a wide range of sector-specific agreements, as well as advising on operational, licensing, and compliance matters.

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We believe the following are the services you may rely on us for:

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1. Drafting, reviewing, and negotiating onshore oil contracts, including Production Sharing Agreements (PSAs), Risk Sharing Agreements, Joint Operating Agreements, and Technical Service Contracts

2. Preparation and negotiation of vendor agreements, customer contracts, lease agreements, and other commercial arrangements

3. Regulatory compliance advice, including liaison with key governmental authorities 

4. Legal support in obtaining all necessary licenses and permits for exploration, development, production, and transportation activities in Azerbaijan

5. Assistance with environmental and health & safety compliance in line with national regulations and international best practices

6. Legal due diligence of oilfield assets and service providers, including risk identification and mitigation strategies

7. Structuring and implementation of joint ventures and other collaborative arrangements

8. Representation in disputes, including litigation and arbitration involving oil & gas operations

9. Support in local content and procurement regulations, tax issues, and employment matters specific to the oil and gas sector

10. Ongoing legal support for project implementation, including contract management and risk allocation