Legal Aspects of Oil & Gas
YOUR WORK MUST BE SUBMITTED VIA THE STUDENT PORTAL. HARD COPY OR EMAIL SUBMISSION WILL NOT BE MARKED.
Deadline date for submission:
5.00 pm on Monday, 13th April 2015
Learning outcomes to be examined in this assessment (please note that this is not the assessment task) • Demonstrate a good understanding of the substantive rules of international law applicable to the oil and gas industry
• Evaluate the key principles of contract formation in international commercial transactions and key international law principles and trends in the oil and gas sector
• Assess the effectiveness of international law in addressing the environmental impact of oil exploration and exploitation
• Demonstrate a critical understanding of the importance of oil and gas law as a distinct subject, studied in a practical and commercial context.
Knowledge and understanding: Demonstration of detailed knowledge of the legal framework of oil and gas industry and the implications of national, regional and international law.
Cognitive/intellectual skills: Ability to analyse a range of information and to synthesise ideas, selecting appropriate techniques of evaluation.
Key/Transferable skills: Ability to manage information towards a given purpose and understand the relevance in the analysis of legal problems.
Practical skills: Ability to apply given techniques to the solution of particular problems.
Percentage of marks awarded for module: This assignment is worth 50% of the total marks for the module
Assessment Task: An Individual Essay/Report
When it comes to allocating and managing risks in the Oil & Gas Industry, there are several ways in which both the host country and the international oil companies manage this. Discuss the different ways in which this is managed by the parties in a Product Sharing Agreement and comment on whether the status quo is satisfactory.
You must support your answer with relevant and appropriate examples.
Assessment criteria Explanatory comments on the assessment criteria Maximum marks for each section
Content, style, relevance and originality • Relevant, accurate content, demonstrating research, as required by the assessment task.
• Clearly evaluates social media usage by businesses
• Specific to e-commerce companies.
• Great emphasis will be placed on originality – work that is clearly student’s own. 40%
Constructive critical analysis • Demonstrates the ability to critically analyse and/or evaluate the use of social media by e-commerce companies.
• Demonstrates that you have consulted widely – using appropriate sources and examples to substantiate your arguments.
• Application of relevant academic models should be evident but not necessarily explicit.
• Provides alternative views on the usefulness of social media in online businesses. 30%
Overall structure • Coherent structure, presented in a report format, utilising headings as appropriate; should include a title page and clear table of content. 10%
Introduction and conclusion • Clear triangulation of introduction, discussions and conclusion.
• Introduces issue(s) for further exploration. 10%
Referencing style • Full in-text referencing using the Harvard citation style.
• Structured reference list or bibliography using the Harvard referencing method. 10%
Assignment outline
The task is an individual essay and must be presented in an essay format as per the stated word count above. It is important that your essay or report is properly structured. Also, as this is an academic paper, you should draw on contemporary literature to support your paper. Remember that this individual essay accounts for 50% of your module assessment. Hence, bad performance will have a big impact on this module.
Your essay should include references to the appropriate literature (textbooks, journals and websites). Care should be taken when consulting websites as they are not all equally authoritative (for example Wikipedia is not peer-reviewed; therefore is not considered an academic reference website). A minimum of 5 different academic references must be cited, but a well-researched essay/report is likely to cite many more.
You are advised to keep a backup copy of the essay until you receive your grade and regularly back-up your work in the cloud (SkyDrive, iCloud, Dropbox and GoogleDrive are good examples). A disk crash is not an acceptable reason for late submission.
Marking Criteria for Task 1
Indicative Grade UK% marks Characteristics.
Distinction 70%+ Very high standard of critical analysis using appropriate conceptual frameworks.
Excellent understanding and exposition of relevant issues.
Clearly structured and logically developed arguments.
Good awareness of nuances and complexities.
Substantial evidence of well-executed independent research.
Excellent evaluation and synthesis of source material.
Relevant data and examples, all properly referenced.
Merit 69-60% High standard of critical analysis using appropriate conceptual frameworks.
Clear awareness and exposition of relevant issues.
Clearly structured and logically developed argument.
Awareness of nuances and complexities.
Evidence of independent research.
Good evaluation and synthesis of source material.
Relevant data and examples, all properly referenced.
Pass 59-50% Uses appropriate conceptual frameworks.
Attempts analysis but includes some errors and /or omissions.
Shows awareness of issues but no more than to be expected room attendance at classes.
Arguments reasonably clear but underdeveloped.
Insufficient evidence of independent research.
Insufficient evaluation of source material.
Some good use of relevant data and examples but incompletely referenced.
Pass 49-40% Adequate understanding of appropriate conceptual frameworks.
Answer too descriptive and or any attempt at analysis is superficial containing errors and omission.
Shows limited awareness of issues but also some confusion.
Arguments not particularly clear.
Limited evidence of independent research and reliance on a superficial repeat of class notes.
Relatively superficial use of relevant data sources and examples and poorly referenced.
PASS MARK=40%
E 39-30% Weak understanding of appropriate conceptual frameworks. Weak analysis and several errors and omissions.
Establishes a few relevant points but superficial and confused exposition of issues.
No evidence of independent research and poor understanding of class notes or no use of relevant data, sources and examples and no references.
It is recommended that you review the requirements of the assignment before submitting your work.
Students should conform to the conventions of the above assessment format in the preparation of their assignments. The relevant assessment criteria have been stated to enable and guide students in the preparation of their work. Achievement of the learning outcomes and the application of relevant theories to the assessment task should be demonstrated.