Third Party Access Agreements
Client: Hess (Valhall Management Committee)
Brief: To evaluate the commercial options and negotiate long term liquids export arrangements for the Valhall field in the Norwegian North Sea.
David McGough has over 35 years of experience in the oil and gas sector with a technical background in chemical and petroleum engineering and further qualifications in finance and accounting. During his career David has gained extensive global experience in a lead role, delivering the commercial agreements and analysis required for field developments to achieve project sanction and financing. This experience combined with senior line management roles with responsibility for annual business revenues of over $1 billion and the setting and implementation of business development strategies enables David to provide exceptional support services to clients.
David has been a Director of The Energy Contract Company since 2002. He is a consummate negotiator and is well respected for his knowledge, capabilities, interpersonal skills and his ability to deal with difficult situations and deliver solutions. David is able to take a lead role on behalf of clients to negotiate complex agreements to achieve project sanction and bank financing.
David’s assignments have covered the following areas:
Previously as VP Global Gas for BHP Billiton, David was, in particular, responsible for gas business development, setting the strategic direction, establishing the commercial foundations and delivering projects to board sanction. David formally had responsibility for the BHP E&P business in Australia with particular focus on Bass Strait and undeveloped assets in WA.
As the commercial lead for BHP’s Zam Zama gas field in Pakistan, David worked with the Government and state gas companies to realise the first phase of production in a timely fashion. As VP Gas Commercialisation and Marketing for Hamilton (subsequently BHP), David identified the window of opportunity provided by gas-fired power for the Liverpool Bay discoveries, secured Board approval for the commercial strategy and fast track development, and negotiated all of the associated agreements. Subsequently, the market opportunity for the Johnston field development was identified. A suite of complex agreements executed expeditiously, secured the project in a favourable market. Prior to BHP, in the late 80’s, he developed and gained approval for Mobil’s Southern North Sea gas strategy and led the joint development team and the negotiations for gas sales and transportation.
David is well placed to assist clients through the assessment of risks and opportunities, the provision of strategic advice, taking a lead commercial role in managing joint venture commercial issues, negotiating the full range of oil and gas commercial agreements from reservoir to burner tip and providing expert opinion in support of arbitration.
David is also the author and Course Director of our 'Offshore Third Party Access and Shared Infrastructure' course which he has developed with his extensive knowledge of negotiating transportation and processing agreements, construction and tie-in agreements and shared infrastructure arrangements, spanning many North Sea and international projects.
UK Shale Gas: An Assessment of the Potential of UK Shale Gas (in collaboration with Professor Richard Selley