Offshore Oil and Gas Leasing

Finding petroleum is not the only requisite to production. Before an oil company can develop a reservoir, it must obtain the legal rights for such exploitation. For offshore tracts in the United States, legal rights to explore are regulated by federal and state governments.

DEMO: Introduction to Petroleum

In this module you will learn:

  • Federal and state governments regulate offshore rights
  • Leases in the Gulf of Mexico planning areas are managed
  • Companies compete and cooperate for oil in the same petroleum reservoir
  • The lease sale process works
  • Bids are developed, approved or rejected

Module content:

  • Lesson 1—Regulatory Overview
  • Lesson 2—Partnerships and Joint Operating Agreements
  • Lesson 3—>Offshore Lease Sale Process
  • Quiz

In order to successfully complete this module you will be required to:

  • Go through all the lessons in the module.
  • Complete the practice items.
  • Complete the module quiz with a passing grade of 70%. You will have 2 chances to complete the quiz.

At the end, you will receive a Certificate of Completion.  It should take you approximately 45-60 minutes to complete this module.

For multiple licenses or to use the Introduction to Petroleum e-learning module in training, please contact us at 800.687.4132 or 512.471.5940 or by sending an email to info@petex.utexas.edu.

Catalog # License Price  
96.M0610 12 Months $75.00