Oil and Gas Contracts Master Class

Oil and Gas Contracts Master Class

Monday 26 July 2021

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



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.


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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