Code Date Venue Fees
CM009 05 - 09 Nov 2017 Dubai - UAE $4,500 Register
Home » Seminars » Contracts Management » Oil & Gas Contracts

Introduction

This highly interactive GLOMACS Oil and Gas Contracts training seminar will provide you with a solid foundation for understanding and assessing the key legal and commercial risks in different types and forms of contract used in the oil and gas sector. The continued accelerated pace of change in the oil and industry, its unique contract matrix, and high levels of investment combine to make it one of the world’s most challenging and complex sectors in which to understand, draft and negotiate contracts. This training seminar will help in enhancing your knowledge of the diverse range of oil and gas contracts, and raise your awareness of best practices in managing the supply chain process.

Through this comprehensive training course, you will also appreciate how best to deal with the ripple effects of Macondo; knock for knock indemnities, and local content requirements.

This training course will highlight:

  • Major types of contract used in the oil and gas sector
  • Best practice in supply chain management
  • Key legal and commercial risk management issues
  • International dispute resolution frameworks
  • Negotiation tools and techniques

Objectives

At the end of this training course, participants 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

Training Methodology

In this Contracts Management training seminar, participants will gain greater knowledge through presentations by an experienced international practitioner designed to both educate and challenge. Extensive use will be made of case studies and real examples of contracts and projects. Open and instructive group discussions will also be facilitated encouraging delegates to raise questions, and share their own experiences.

Organisational Impact

All commercial activities attract risk, yet the oil and gas sector is different from most others given the level of government intervention and control. Your organisation will benefit by:

  • Developing an appreciation of the different types, and uses of, oil and gas contracts
  • Understanding the role of host states, IOCs and NOCs
  • Extending knowledge of supply chain international best practice
  • Enhancing internal capacity to manage key contractual risks
  • Exploring alternative ways of reducing the impact of disputes
  • Enhancing individuals’ negotiation skills

Personal Impact

Attendees will gain by participation in this training seminar as a result of:

  • Appreciating the different nature of oil and gas contracts
  • Developing best practices in supply chain management
  • Assessing key contractual risks and their management
  • Applying supplier performance management techniques
  • Reviewing most appropriate form of dispute resolution
  • Enhancing your ability to negotiate with confidence

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:

  • Procurement managers and purchasing staff
  • Engineering, operational and maintenance personnel
  • Contracts engineers, administrators, and managers
  • Commercial, financial and insurance professionals
  • Project and General Management

Seminar Outline

DAY 1

Principal Types of Oil and Gas Contracts

  • Principles of Petroleum Law and Industry
  • Exclusivity, Mutual Interest and Confidentiality
  • Concessions/Licences
  • Leases and Rentals
  • Services and Works Agreements
  • Multi-Party Contracts

DAY 2

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

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

  • 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

Accreditation

  • Quality Logo
  • Quality Logo

(“REP logo, PMI & PMP are registered trademarks of Project Management Institute, Inc.”)

In Association With

Oxford Management Centre

Oxford Management Centre

A GLOMACS - Oxford Management Centre collaboration aimed at providing the best training services and benefits to our valued clients

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PetroKnowledge

PetroKnowledge

Our collaboration with Petroknowledge aims to provide the best training services and benefits for our valued clients

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Oil & Gas Contracts


Upcoming Dates

Code Date Venue Fees
CM009 05 - 09 Nov 2017 Dubai - UAE $4,500

Project Management Institute (PMI)® has reviewed and approved GLOMACS as a Global Provider of project management training. This is a PMI® Approved/Registered training seminar and hence attendance to this training course will enable those credentialed with PMI® to receive applicable PDUs upon updating their status with PMI®.

(REP logo, PMI & PMP are registered trademarks of Project Management Institute, Inc.)

 

 

Introduction

This highly interactive GLOMACS Oil and Gas Contracts training seminar will provide you with a solid foundation for understanding and assessing the key legal and commercial risks in different types and forms of contract used in the oil and gas sector. The continued accelerated pace of change in the oil and industry, its unique contract matrix, and high levels of investment combine to make it one of the world’s most challenging and complex sectors in which to understand, draft and negotiate contracts. This training seminar will help in enhancing your knowledge of the diverse range of oil and gas contracts, and raise your awareness of best practices in managing the supply chain process.

Through this comprehensive training course, you will also appreciate how best to deal with the ripple effects of Macondo; knock for knock indemnities, and local content requirements.

This training course will highlight:

  • Major types of contract used in the oil and gas sector
  • Best practice in supply chain management
  • Key legal and commercial risk management issues
  • International dispute resolution frameworks
  • Negotiation tools and techniques

Objectives

At the end of this training course, participants 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

Training Methodology

In this Contracts Management training seminar, participants will gain greater knowledge through presentations by an experienced international practitioner designed to both educate and challenge. Extensive use will be made of case studies and real examples of contracts and projects. Open and instructive group discussions will also be facilitated encouraging delegates to raise questions, and share their own experiences.

Organisational Impact

All commercial activities attract risk, yet the oil and gas sector is different from most others given the level of government intervention and control. Your organisation will benefit by:

  • Developing an appreciation of the different types, and uses of, oil and gas contracts
  • Understanding the role of host states, IOCs and NOCs
  • Extending knowledge of supply chain international best practice
  • Enhancing internal capacity to manage key contractual risks
  • Exploring alternative ways of reducing the impact of disputes
  • Enhancing individuals’ negotiation skills

Personal Impact

Attendees will gain by participation in this training seminar as a result of:

  • Appreciating the different nature of oil and gas contracts
  • Developing best practices in supply chain management
  • Assessing key contractual risks and their management
  • Applying supplier performance management techniques
  • Reviewing most appropriate form of dispute resolution
  • Enhancing your ability to negotiate with confidence

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:

  • Procurement managers and purchasing staff
  • Engineering, operational and maintenance personnel
  • Contracts engineers, administrators, and managers
  • Commercial, financial and insurance professionals
  • Project and General Management

SEMINAR OUTLINE

DAY 1

Principal Types of Oil and Gas Contracts

  • Principles of Petroleum Law and Industry
  • Exclusivity, Mutual Interest and Confidentiality
  • Concessions/Licences
  • Leases and Rentals
  • Services and Works Agreements
  • Multi-Party Contracts

DAY 2

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

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

  • 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

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.

Quality Logo

GLOMACS is proud to be an approved Registered Education Provider (R.E.P.) with PMI®. As an R.E.P. GLOMACS is qualified to issue applicable Professional Development Units (PDUs) to participants of any of its PMI® registered/approved seminars where one (1) PDU is equivalent to one (1) contact hour of training.

(REP logo, PMI & PMP are registered trademarks of Project Management Institute, Inc.)



© 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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P.O. Box 74653, Dubai, United Arab Emirates
Tel : +971 - 04 - 425 0700, Fax : +971 (04) 425 0701, Email : info@glomacs.ae

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