The continued accelerated pace of change in the oil and industry and high levels of investment combine to make it one of the world’s most challenging and complex sectors in which to understand and manage contracts. A good scrutiny and overall analysis of oil and gas contracts to remove ambiguities and risky clauses can make the vital difference to bottom line success or failure of an organisation.

This Oil and Gas Contract Management training course will provide the participants with a solid foundation for understanding and assessing the key commercial risks in different types and forms of contract used in the oil and gas sector. The training course will help in enhancing the participants- knowledge of the diverse range of oil and gas contracts and raise their awareness of best practices in managing the supply chain process. This training course will also enable a broad range of disciplines to appreciate and understand the complexities of the oil and industry, and how best to manage risk

Important Features

• In-depth overview of all phases of Oil and Gas contracting
• Key principles and requirements of professional purchasing
• Best practice in supply chain management
• Commercial risk management issues
• Evaluate the most appropriate way to dispute resolution
• Negotiation tools and techniques

Learning Objectives

• Acquire management and negotiation techniques
• Identify, assess, and manage key contractual risks
• Manage force majeure and liability clauses
• Analyse key provisions in international oil and gas contracts
• Describe best practice in supply chain management
• Learn international dispute resolution in the oil and gas business
• Perform negotiations more confidently

Target Audience

• Contract administrators, negotiators, and engineers
• Business development officers
• Business planners
• Supplier relations professionals
• Procurement professionals
• Engineering, operational and maintenance personnel
• Commercial, financial and insurance professionals
• Project and general management team members

Training Methodology

Participants on the Oil and Gas Contracts Management training course will gain greater knowledge with the use of individual and group exercises aimed at helping participants learn all key contract management activities. The course also features the use of several case studies, presentations, and plenary discussions. Active participation to share delegates own experiences will be encouraged.

Pre and Post course assessments will be used to measure the effectiveness of this training.

Course Contents

Day 1 - Types of Oil and Gas Contracts

• Principles of Oil and Gas Contracts
• Exclusivity, Mutual Interest, and Confidentiality
• Concessions/Licenses
• Leases and Rentals
• Services and Works Agreements
• Multi-Party Contracts

Day 2 -Managing the Supply Chain Process

• Overview of Procurement Best Practice
• Identifying and managing risk in Supply Chain
• Developing the Scope of Work
• Qualifying Suppliers
• Managing the Supply Chain
• Contract Award and Execution
• Bribery and Corruption

Day 3 -Key Contractual Issues and Their Management

• Performance and Penalties
• Liabilities and Indemnities
• Pricing and Payment
• Force Majeure
• Termination
• Local Content Requirements

Day 4 - Managing Contractor Performance

Key Topics:

• 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

Day 5 - 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