Oil and Gas Contracts Master Class
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Oil and Gas Contracts Master Class Course
Introduction:
The Oil and Gas industry operates within a continuously challenging environment. It is driven by, and dependent upon people; process and technology. It is a capital intensive, high-risk industry – often with long payback periods. It is a truly global industry and one that operates in ever more challenging environments such as ultra-deepwater drilling and remote, harsh locations such as the Arctic. Cross-cultural dealings are the norm. National resources and the ability to change a country’s economic profile are often directly dependent upon the efficient extraction and exploitation of hydrocarbon resources. In short – it is a high stakes game – there is little room for error.
Course Objectives:
At the end of this Oil and Gas Contracts Master Class training course, you will:
- Appreciate the uses of various types of oil and gas contracts
- Describe best practice in supply chain management
- Identify, assess and manage key contractual risks
- Evaluate the most appropriate way to dispute resolution
- Perform more confidently in negotiations
Who Should Attend?
Oil and Gas Contracts Master Class training course, is ideal for:
- In-house consul
- Legal personnel/para-legals
- Individuals involved in commercial negotiations
- Contract managers/engineers
- Commercial department staff
- Project managers
- Business development managers
- Procurement staff
Course Outlines:
Principal Types of Oil and Gas Contracts
- Principles of Petroleum Law & Industry
- Concessions / Licenses
- Leases and Rentals
- Sale, Purchase and Transportation Arrangements
- Services and Works Agreements
- Multi-Party Arrangements
Managing the Supply Chain Process
- Overview of Procurement Best Practice
- Developing the Scope of Work
- Qualifying Suppliers
- Managing the Supply Chain
- Contract Award and Execution
- Bribery and Corruption
Key Contractual Issues and Their Management
- Performance and Penalties
- Liabilities and Indemnities
- Pricing and Payment
- Force Majeure
- Termination
- Local Content Requirements
Managing Contractor Performance
- Identifying and Managing Supplier Risk
- Service Level Agreements
- Key Performance Indicators
- Changing the Scope of Work
- Limiting and Excluding Liability
- Use of Bonds, Guarantees and Warranties
Dispute Management in the Petroleum Industry
- Damages and Other Remedies
- Negotiation, Compromise, Settlement
- Alternative Third Party Dispute Resolution
- Litigation or Arbitration?
- Enforcement Measures
- Open Forum – Questions and Final Review
