Course Details
Course Outline
5 days course
Principal Types of Oil and Gas Contracts
- Principles of Petroleum Law & Industry
- Concessions / Licenses
- Leases and Rentals
- Sale, Purchase and Transportation Arrangements
- Services and Works Agreements
- Multi-Party Arrangements
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
Key Contractual Issues and Their Management
- Performance and Penalties
- Liabilities and Indemnities
- Pricing and Payment
- Force Majeure
- Termination
- Local Content Requirements
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
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
