Oil and Gas Contracts Master Class

Oil and Gas Contracts Master Class

Sunday 02 Aug 2020

  • Duration: One Week
  • City: Dubai
  • Fees: Classroom: 4700 GBP / Online: 2350 GBP

Introduction

This course has been designed to provide participants with a practical working knowledge of the mechanics of international oil and gas commercial contracts, led by an expert in international contracts and arbitration.

Objectives

At the end of this seminar, you will:

 Be knowledgeable about different types of oil and gas contracts.
 Use best practice in supply chain management.
 Recognise, assess and manage key contractual risks.
 Assess the most appropriate way to dispute resolution.
 Perform more confidently in negotiations.

Course Outline

Day 1

Principal Types of Oil and Gas Contracts

• Principles of Petroleum Law and Industry.
• Exclusivity, Mutual Interest and Confidentiality.
• Concessions/Licences.
• Hire, Lease and Rentals.
• Services and Works Agreements.
• Multi-party Contracts.

Day 2

Managing the Supply 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.
• Force Majeure.
• Pricing and Payment.
• Termination.
• Local Content Requirements.

Day 4

Managing Contractor Performance

• Identifying and Managing Supplier Risk.
• Service Level Agreement.
• 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.
• Litigation or Arbitration?
• Alternative Third-Party Dispute Resolution.
• Enforcement Measures.
• Negotiation, Compromise, Settlement.
• Open Forum – Questions and Final Review.

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