Code Date Venue Fees
CM016 11 - 15 Dec 2017 London - United Kingdom $5,500 Register
CM016 09 - 13 Jul 2018 London - United Kingdom $5,500 Register
CM016 10 - 14 Dec 2018 London - United Kingdom $5,500 Register
Home » Seminars » Contracts Management » Modern Practices in Oil & Gas Contracts, Licensing, Production Rights, Legislation and Agreements

Introduction

This GLOMACS Contract Management training seminar will provide its participants with valuable insight into the operations of the Oil and Gas Industry in a modern context. Oil and Gas contracts are the life blood of the industry and form the basis and foundation upon which the industry operates. This training seminar will give participants a frame work within which to understand the rights and obligations of both host country and operators and how they are determined and set out in the Oil and Gas contracts. The legal principles involved in licensing, production sharing contracts and service contracts will be highlighted and discussed in order to provide a solid understanding of the legal basis for these contracts. Risk management in the Oil and Gas industry is essential and needs to be encapsulated in the contract clauses and this training course will provide the fundamental knowledge of the essential risk management features that are in these contracts. Participants in this training course will get to understand investor protection in the Oil and Gas industry and how this can be achieved.

This comprehensive training course will provide many opportunities to have interactive discussion and review case studies and discuss the various legal and regulatory aspects of these contracts. Participants will gain a true understanding of the legal underpinnings of the Oil and Gas contracts used around the world in the Oil and Gas sector.

This training seminar will highlight:
  • Modern aspects of Oil and Gas contracts
  • How to manage production and country risks
  • Key legal and commercial risk management measure
  • Investor protection by providing legal frameworks
  • Dispute resolution in cross border and international contracts

Objectives

At the end of this training seminar, you will:
  • Comprehensively understand the legal principles of Oil and Gas contracts
  • Understanding licensing, production sharing and service contracts
  • Identifying the risk factors and managing those risks
  • The relevant legal and regulatory frameworks at lay in the Oil and Gas industry
  • Know how to use appropriate contractual clauses in Oil and Gas contracts
  • Assess the best dispute resolution methods and how it will apply in different scenarios

Training Methodology

In this Contract Management training seminar, participants will gain greater understanding of the subject matter through presentations by an experienced international practitioner designed to both inform and broaden the perspectives of the participants. Case studies will be reviewed and discussed bearing in mind some of the realistic scenarios participants have encountered. Interactive discussions on problems and possible solutions will be encouraged.

Organisational Impact

The organisation will benefit by:
  • Personnel in the organisation will be conversant with oil and gas contracts, licensing and productions rights
  • Having a full understanding of the fundamental legal principles involved in licensing, production sharing contracts and service contracts
  • Knowledge of the legal basis for these contracts
  • Being able to anticipate and deal with issues and ramifications pertinent to energy contracts
  • Strategizing on risk management techniques that can be used in the Oil and Gas contracts
  • Senior management know the options available to enable them to negotiate terms and conditions of oil and gas contracts for upstream and downstream

Personal Impact

This training programme teaches the competencies that enable the attendees to:
  • Obtain the essential skill sets to negotiate oil and gas contracts clauses
  • Manage and production and commercial risks through well drafted contract clauses
  • Gain the ability to formulate a comprehensive thought out approach to contracting
  • Demonstrate a professional understanding of apportioning risk and liability between the parties to the oil and gas contracts
  • Work out a contracting strategy to meet company’s goals
  • Customise bespoke contracts suited to needs of their company

Who Should Attend?

This training programme will benefit all levels of personnel involved in any aspect of project procurement and implementation in the oil and gas sector.  It will enable a broad range of disciplines to appreciate and understand the complexities of this industry, and how best to manage risk.

This training programme is appropriate to a wide range of professionals but will greatly benefit:
  • Legal managers, legal counsel
  • Commercial and Business managers
  • Contracts administrators and managers
  • Commercial, financial and insurance professionals
  • Project and General Management

Seminar Outline

DAY 1

Introduction to Oil and Gas Contracts, Licensing and Production Rights

  • Principal licensing and contractual arrangements
  • Upstream and downstream contracting
  • Financing in the international oil & gas industry
  • Specific Risks in Upstream & Downstream contracts
  • Contractual claims and resultant disputes
  • The role of negotiation strategies in dispute avoidance under oil & gas contracts

DAY 2

Emergence of New Contractual Arrangements

  • The Modern Concession Contracts
  • The Production Sharing Contracts
  • Participation Agreements and joint operation agreements (JOA)
  • Service Contracts, Pure Service Contracts, Risk Service Contracts
  • Environmental impacts in the context of protection policies and requirements
  • Regulatory framework, institutional factors and infrastructure
  • Comparative Analysis of the different contract forms

DAY 3

Stabilisation Clauses and International Petroleum Agreements

  • Stabilisation clauses defined
  • Typology of Stabilisation Clauses
  • Validity and Efficacy of the Stabilisation Clause
  • Stabilisation Clauses and the National and International Law
  • The Re-negotiability of International Petroleum Agreements: Stability v. Flexibility
  • The Triggering Events for Renegotiation
  • Case studies

DAY 4

Risk Allocation - Hold Harmless Clauses and Exclusion Clauses in the Offshore Industry

  • Indemnity and exclusion clauses: why the need
  • Distinctions and definitions: indemnity vs. exclusion vs. limitation
  • Mutual hold harmless – the ‘knock for knock’ regime
  • Forms of exclusion clauses (and why it matters) Common carve-outs from
  • Termination clauses and disputes
  • Right to terminate under applicable law & its consequences

DAY  5

Methods of Dispute Resolution under Cross Border/International Agreements

  • Arbitration & Mediation – Important differences
  • Mediation and conciliation, adjudication, dispute boards- save time and costs
  • Enforcement of international arbitration awards under the New York Convention
  • Contemporary Developments in case law and legislation

Accreditation

  • Quality Logo

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Modern Practices in Oil & Gas Contracts, Licensing, Production Rights, Legislation and Agreements


Upcoming Dates

Code Date Venue Fees
CM016 11 - 15 Dec 2017 London - United Kingdom $5,500
CM016 09 - 13 Jul 2018 London - United Kingdom $5,500
CM016 10 - 14 Dec 2018 London - United Kingdom $5,500

Introduction

This GLOMACS Contract Management training seminar will provide its participants with valuable insight into the operations of the Oil and Gas Industry in a modern context. Oil and Gas contracts are the life blood of the industry and form the basis and foundation upon which the industry operates. This training seminar will give participants a frame work within which to understand the rights and obligations of both host country and operators and how they are determined and set out in the Oil and Gas contracts. The legal principles involved in licensing, production sharing contracts and service contracts will be highlighted and discussed in order to provide a solid understanding of the legal basis for these contracts. Risk management in the Oil and Gas industry is essential and needs to be encapsulated in the contract clauses and this training course will provide the fundamental knowledge of the essential risk management features that are in these contracts. Participants in this training course will get to understand investor protection in the Oil and Gas industry and how this can be achieved.

This comprehensive training course will provide many opportunities to have interactive discussion and review case studies and discuss the various legal and regulatory aspects of these contracts. Participants will gain a true understanding of the legal underpinnings of the Oil and Gas contracts used around the world in the Oil and Gas sector.

This training seminar will highlight:
  • Modern aspects of Oil and Gas contracts
  • How to manage production and country risks
  • Key legal and commercial risk management measure
  • Investor protection by providing legal frameworks
  • Dispute resolution in cross border and international contracts

Objectives

At the end of this training seminar, you will:
  • Comprehensively understand the legal principles of Oil and Gas contracts
  • Understanding licensing, production sharing and service contracts
  • Identifying the risk factors and managing those risks
  • The relevant legal and regulatory frameworks at lay in the Oil and Gas industry
  • Know how to use appropriate contractual clauses in Oil and Gas contracts
  • Assess the best dispute resolution methods and how it will apply in different scenarios

Training Methodology

In this Contract Management training seminar, participants will gain greater understanding of the subject matter through presentations by an experienced international practitioner designed to both inform and broaden the perspectives of the participants. Case studies will be reviewed and discussed bearing in mind some of the realistic scenarios participants have encountered. Interactive discussions on problems and possible solutions will be encouraged.

Organisational Impact

The organisation will benefit by:
  • Personnel in the organisation will be conversant with oil and gas contracts, licensing and productions rights
  • Having a full understanding of the fundamental legal principles involved in licensing, production sharing contracts and service contracts
  • Knowledge of the legal basis for these contracts
  • Being able to anticipate and deal with issues and ramifications pertinent to energy contracts
  • Strategizing on risk management techniques that can be used in the Oil and Gas contracts
  • Senior management know the options available to enable them to negotiate terms and conditions of oil and gas contracts for upstream and downstream

Personal Impact

This training programme teaches the competencies that enable the attendees to:
  • Obtain the essential skill sets to negotiate oil and gas contracts clauses
  • Manage and production and commercial risks through well drafted contract clauses
  • Gain the ability to formulate a comprehensive thought out approach to contracting
  • Demonstrate a professional understanding of apportioning risk and liability between the parties to the oil and gas contracts
  • Work out a contracting strategy to meet company’s goals
  • Customise bespoke contracts suited to needs of their company

Who Should Attend?

This training programme will benefit all levels of personnel involved in any aspect of project procurement and implementation in the oil and gas sector.  It will enable a broad range of disciplines to appreciate and understand the complexities of this industry, and how best to manage risk.

This training programme is appropriate to a wide range of professionals but will greatly benefit:
  • Legal managers, legal counsel
  • Commercial and Business managers
  • Contracts administrators and managers
  • Commercial, financial and insurance professionals
  • Project and General Management

SEMINAR OUTLINE

DAY 1

Introduction to Oil and Gas Contracts, Licensing and Production Rights

  • Principal licensing and contractual arrangements
  • Upstream and downstream contracting
  • Financing in the international oil & gas industry
  • Specific Risks in Upstream & Downstream contracts
  • Contractual claims and resultant disputes
  • The role of negotiation strategies in dispute avoidance under oil & gas contracts

DAY 2

Emergence of New Contractual Arrangements

  • The Modern Concession Contracts
  • The Production Sharing Contracts
  • Participation Agreements and joint operation agreements (JOA)
  • Service Contracts, Pure Service Contracts, Risk Service Contracts
  • Environmental impacts in the context of protection policies and requirements
  • Regulatory framework, institutional factors and infrastructure
  • Comparative Analysis of the different contract forms

DAY 3

Stabilisation Clauses and International Petroleum Agreements

  • Stabilisation clauses defined
  • Typology of Stabilisation Clauses
  • Validity and Efficacy of the Stabilisation Clause
  • Stabilisation Clauses and the National and International Law
  • The Re-negotiability of International Petroleum Agreements: Stability v. Flexibility
  • The Triggering Events for Renegotiation
  • Case studies

DAY 4

Risk Allocation - Hold Harmless Clauses and Exclusion Clauses in the Offshore Industry

  • Indemnity and exclusion clauses: why the need
  • Distinctions and definitions: indemnity vs. exclusion vs. limitation
  • Mutual hold harmless – the ‘knock for knock’ regime
  • Forms of exclusion clauses (and why it matters) Common carve-outs from
  • Termination clauses and disputes
  • Right to terminate under applicable law & its consequences

DAY  5

Methods of Dispute Resolution under Cross Border/International Agreements

  • Arbitration & Mediation – Important differences
  • Mediation and conciliation, adjudication, dispute boards- save time and costs
  • Enforcement of international arbitration awards under the New York Convention
  • Contemporary Developments in case law and legislation

Quality Logo

GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

 

All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.



© 2017. Material published by GLOMACS shown here is copyrighted.
All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

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Tel : +971 - 04 - 425 0700, Fax : +971 (04) 425 0701, Email : info@glomacs.ae

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