Create a bespoke document in minutes, or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Purchase And Sale Agreement Oil And Gas
"I need a Purchase and Sale Agreement Oil and Gas for the acquisition of offshore production assets in Malaysian waters, including transfer of existing licenses and operational permits, with completion targeted for March 2025 and PETRONAS approval requirements."
1. Parties: Identification of buyer and seller, including registration details and addresses
2. Background: Context of the transaction, including brief description of assets/rights being sold
3. Definitions and Interpretation: Defined terms used throughout the agreement and rules of interpretation
4. Sale and Purchase: Core transaction terms including assets/rights being transferred and basic consideration
5. Purchase Price and Payment: Detailed pricing structure, payment mechanisms, and adjustments
6. Conditions Precedent: Prerequisites that must be satisfied before completion
7. Pre-Completion Obligations: Parties' obligations between signing and completion
8. Completion: Process and requirements for closing the transaction
9. Seller's Warranties: Representations and warranties regarding the assets/rights being sold
10. Buyer's Warranties: Representations and warranties regarding the buyer's capacity and authority
11. Tax Matters: Allocation of tax liabilities and responsibilities
12. Indemnities: Specific indemnification obligations of each party
13. Limitations of Liability: Caps and restrictions on liability
14. Confidentiality: Obligations regarding confidential information
15. Force Majeure: Provisions for unforeseen circumstances affecting performance
16. Termination: Circumstances and process for early termination
17. Dispute Resolution: Mechanism for resolving disputes, including governing law and jurisdiction
18. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Environmental Matters: Used when environmental liabilities or remediation obligations need to be addressed
2. Employee Transfer: Required when the transaction involves transfer of employees
3. Third Party Contracts: Included when existing contracts need to be assigned or novated
4. Transition Services: When post-completion services are required from seller
5. Intellectual Property: When IP rights are part of the transaction
6. Government Approvals: When specific regulatory approvals are required beyond standard conditions precedent
7. Decommissioning Obligations: When sale includes end-of-life assets requiring future decommissioning
8. Change of Control: When transaction triggers change of control provisions in existing agreements
9. Joint Operating Agreement Provisions: When assets are subject to existing JOAs
1. Asset Schedule: Detailed description of all assets being transferred
2. Production Data: Historical and current production information
3. Permits and Licenses: List of all regulatory permits and licenses
4. Excluded Assets: Assets specifically excluded from the transaction
5. Completion Obligations: Detailed list of documents and actions required at completion
6. Form of Transfer Instruments: Templates for transfer documents
7. Environmental Reports: Summary of environmental assessments and known issues
8. Material Contracts: List and copies of key contracts being transferred
9. Employee Information: Details of employees being transferred (if applicable)
10. Working Capital Calculation: Methodology for calculating working capital adjustments
11. Tax Computation: Details of tax calculations and allocations
12. Warranty Limitations: Detailed exceptions to warranties
Authors
Accounting Period
Actual Production
Adjustment Amount
Affiliate
Agreement
Applicable Law
Assets
Assignment Date
Base Purchase Price
Business Day
Claim
Completion
Completion Date
Conditions Precedent
Confidential Information
Consideration
Contract Area
Decommissioning
Deed of Assignment
Default Interest Rate
Defect
Deposit
Disclosure Letter
Effective Date
Emergency
Encumbrance
Environmental Law
Environmental Permit
Environmental Requirements
Excluded Assets
Execution Date
Expert
Facilities
Final Settlement Statement
Force Majeure Event
Government Authority
Governmental Approval
Hazardous Material
Hydrocarbons
Indemnified Party
Intellectual Property Rights
Joint Operating Agreement
Liabilities
License
Loss
Material Adverse Change
Material Contract
Notice
Operating Costs
Operator
Participating Interest
Party
Permits
PETRONAS
Petroleum Operations
Production License
Production Sharing Contract
Purchase Price
Reserved Rights
Security Interest
Seller Warranties
Signature Date
Tax
Technical Data
Third Party
Title Defect
Transaction
Transfer
Transition Period
Working Capital
Working Interest
Recitals
Definitions
Sale and Purchase
Purchase Price
Payment Terms
Conditions Precedent
Pre-Completion Obligations
Completion
Post-Completion Obligations
Warranties
Due Diligence
Title and Risk
Environmental Compliance
Health and Safety
Regulatory Compliance
PETRONAS Requirements
Asset Transfer
Operational Handover
Employee Matters
Tax
Indemnification
Liability Limitation
Force Majeure
Confidentiality
Data Protection
Anti-Corruption
Insurance
Assignment
Change of Control
Decommissioning
Environmental Remediation
Third Party Rights
Governing Law
Dispute Resolution
Notices
Transition Services
Contract Novation
Working Capital Adjustment
Production Sharing
Intellectual Property
Record Retention
Abandonment
Emergency Response
Termination
Entire Agreement
Amendments
Severability
Waiver
Costs
Further Assurance
Oil and Gas
Energy
Natural Resources
Maritime
Industrial Manufacturing
Petrochemicals
Infrastructure
Transportation
Environmental Services
Professional Services
Legal
Commercial
Finance
Operations
Technical
Environmental Compliance
Risk Management
Business Development
Asset Management
Project Management
Regulatory Affairs
Due Diligence
Corporate Strategy
Treasury
Tax
Legal Counsel
Commercial Director
Chief Financial Officer
Operations Manager
Technical Director
Environmental Compliance Officer
Risk Manager
Business Development Manager
Asset Manager
Project Manager
Regulatory Affairs Director
Finance Manager
Commercial Manager
Managing Director
Chief Executive Officer
Contract Administrator
Due Diligence Specialist
Technical Advisor
Find the exact document you need
Property Buying Agreement
A Malaysian law-governed agreement that documents the terms and conditions for the sale and purchase of real property, ensuring legal compliance and protecting both parties' interests.
Vehicle Sales And Purchase Agreement
A Malaysian law-governed agreement documenting the sale and purchase of a vehicle, including terms, conditions, and transfer of ownership details.
For Sale By Owner Real Estate Purchase Agreement
A Malaysian legal agreement for direct property sales between sellers and buyers without real estate agent involvement, compliant with Malaysian property law.
As Is Sale Contract
A Malaysian-compliant As Is Sale Contract template for transferring goods or property in their current condition, with appropriate warranties disclaimers and buyer acknowledgments.
Apartment Purchase Contract
A Malaysian law-governed agreement for the purchase and sale of apartment units, complying with local housing development regulations and detailing all essential terms of the property transaction.
Real Estate Contract Of Sale
A Malaysian law-governed agreement for the sale and purchase of real estate property, detailing terms, conditions, and obligations of both parties.
Waiver Agreement Of Purchase And Sale
A Malaysian law-governed agreement that enables parties to waive specific rights or conditions in an existing purchase and sale arrangement.
Home Purchase Agreement Form
A Malaysian law-compliant agreement that documents the terms and conditions for the sale and purchase of residential property.
For Sale By Owner House Contract
A legal agreement for direct property sales between private individuals in Malaysia, compliant with Malaysian property and contract law.
Simple Business Sale Agreement
A Malaysian law-governed agreement for the sale and purchase of a business, outlining key terms, conditions, and transaction details.
House Selling Agreement Form
A Malaysian law-governed agreement for the sale and purchase of residential property, outlining terms, conditions, and obligations of both parties.
Agreement To Sell A Car Privately
A Malaysian law-governed agreement for the private sale of a motor vehicle between individuals, ensuring legal compliance and protecting both parties' interests.
Purchase Agreement For Camper
Malaysian law-governed agreement for the purchase and sale of a camper vehicle, including key terms, conditions, and regulatory compliance requirements.
Intent To Sell Agreement
A preliminary agreement under Malaysian law establishing parties' intention to enter into a property sale transaction, outlining key terms and conditions for the proposed sale.
Sale Contract Agreement
A Malaysian law-governed agreement that establishes terms and conditions for the sale of goods between parties, ensuring legal compliance and protection of both seller and buyer interests.
Offer Of Purchase And Sale
A Malaysian law-governed agreement detailing terms and conditions for the purchase and sale of property or goods, ensuring legal compliance and protection for all parties.
Agreement To Purchase Contract
A Malaysian law-governed agreement that establishes legally binding terms for purchase transactions between parties.
Motorcycle Selling Agreement
A legally binding agreement for motorcycle sales in Malaysia, compliant with local vehicle transfer and consumer protection laws.
Vacant Land Purchase Contract
A Malaysian law-governed agreement for the purchase and sale of vacant land, including terms for transfer and compliance with local regulations.
Purchase And Sale Agreement Form
A Malaysian law-governed agreement that documents the terms and conditions for the sale and purchase of goods, assets, or property between parties.
International Purchase Contract
A Malaysian law-governed contract for international purchase of goods, incorporating local legal requirements and international trade terms.
Purchase And Sale Agreement Oil And Gas
Malaysian law-governed agreement for the sale and purchase of oil and gas assets or rights, incorporating PETRONAS requirements and local regulatory compliance.
Building Purchase Agreement
A Malaysian law-governed agreement for the sale and purchase of a building, detailing transfer terms and conditions in compliance with local property regulations.
Seller And Buyer Agreement
A Malaysian law-governed agreement establishing terms and conditions between seller and buyer for commercial transactions.
Offer Purchase Contract
A Malaysian law-governed document outlining terms and conditions for purchasing goods, property, or assets, serving as the initial step in formalizing a purchase transaction.
Purchase Agreement For Machinery
A Malaysian law-governed agreement for the purchase of industrial or commercial machinery, detailing terms, specifications, and obligations of buyer and seller.
Download our whitepaper on the future of AI in Legal
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.