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An Intensive 5 Day Training Course

Oil & Gas Contracts

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Course Dates, Venues and Fees

Code Date Venue Fee($)
CM109 05 - 09 Nov 2017 Dubai - UAE $4,500
CM109 11 - 15 Nov 2018 Dubai - UAE $4,750

Why Choose this Training Course?

This highly interactive Oil & Gas Contract Management training course 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.  You will enhance 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, local content requirements and dealing with NOCs.

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

Training Objectives click here

What are the Goals?

At the end of this training course, you 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

Target Audience click here

Who is this Training Course for?

This PetroKnowledge course 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 course 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

Training Methods click here

How will this Training Course be Presented?

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.

Daily Agenda click here

Day One: Principal Types of Oil and Gas Contracts

Competency Description: As a player in this dynamic industry, you need to gain an understanding of the different nature and types of oil and gas contracts.

Key behaviours

  • Understand the nature of the petroleum industry
  • Distinguish between the different fiscal arrangements
  • Appreciate the key elements of oil and gas contracts

Topics to be covered

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

Day Two: Managing the Supply Chain Process

Competency Description: Effective management of the procurement process is a pre-requisite to value for money contracting.  You need to gain an understanding of each key element fundamental to its success.

Key behaviours

  • Appraise the most appropriate way to harness market interest
  • Understand the supply chain market and environment
  • Appreciate the role of supplier relationship management

Topics to be covered

  • Overview of Procurement Best Practice
  • Developing the Scope of Work
  • Qualifying Suppliers
  • Managing the Supply Chain
  • Contract Award and Execution
  • Bribery and Corruption

Day Three: Key Contractual Issues and Their Management

Competency Description: All organisations face risks: it is essential that you have a good understanding of the key areas in which risks can be managed through the contract.

Key behaviours

  • Identify principal contractual issues
  • Appraise how key issues can be managed
  • Understand risks of local content requirements

Topics to be covered

  • Performance and Penalties
  • Liabilities and Indemnities
  • Pricing and Payment
  • Force Majeure
  • Termination
  • Local Content Requirements

Day Four: Managing Contractor Performance

Competency Description: To ensure your suppliers deliver optimum performance, you also need to be able to assess and manage that performance.

Key behaviours

  • Identify potential exposure to supplier risks
  • Create a climate for long term relationships
  • Distinguish different ways of enforcing performance

Topics to be covered

  • 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 Five: Dispute Management in the Petroleum Industry

Competency Description: To manage claims and disputes, you need to understand the options available to you to minimise cost, time and reputational risk to your organisation.

Key behaviours

  • Identify your options when disputes arise
  • Enhance your negotiation skills
  • Distinguish between informal and formal dispute resolution

Topics to be covered

  • Damages and Other Remedies
  • Negotiation, Compromise, Settlement
  • Alternative Third Party Dispute Resolution
  • Litigation or Arbitration?
  • Enforcement Measures
  • Open Forum – Questions and Final Review

Accreditation click here

PMI Registered Education Provider

The Registered Education Provider (R.E.P. ID:4349) status with the Project Management Institute (PMI®) enables PetroKnowledge to issue applicable Professional Development Hours/Units (PDHs/PDUs) to participants on this training course, to help you achieve or maintain PMI® professional credentials.

The PMI® Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.

Related Courses click here

Reference

Project Management Institute, A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Fifth Edition, Project Management Institute, Inc. 2013


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PetroKnowledge Training


Oil & Gas Contracts


Code Date Venue Fees
CM109 05 - 09 Nov 2017 Dubai - UAE $4,500
CM109 11 - 15 Nov 2018 Dubai - UAE $4,750



Why Choose this Training Course?

This highly interactive Oil & Gas Contract Management training course 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.  You will enhance 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, local content requirements and dealing with NOCs.

This training course will highlight:


Training Objectives

What are the Goals?

At the end of this training course, you will:

Target Audience

Who is this Training Course for?

This PetroKnowledge course 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 course is appropriate to a wide range of professionals but will greatly benefit:

Training Methods

How will this Training Course be Presented?

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.

Daily Agenda

Day One: Principal Types of Oil and Gas Contracts

Competency Description: As a player in this dynamic industry, you need to gain an understanding of the different nature and types of oil and gas contracts.

Key behaviours

Topics to be covered

Day Two: Managing the Supply Chain Process

Competency Description: Effective management of the procurement process is a pre-requisite to value for money contracting.  You need to gain an understanding of each key element fundamental to its success.

Key behaviours

Topics to be covered

Day Three: Key Contractual Issues and Their Management

Competency Description: All organisations face risks: it is essential that you have a good understanding of the key areas in which risks can be managed through the contract.

Key behaviours

Topics to be covered

Day Four: Managing Contractor Performance

Competency Description: To ensure your suppliers deliver optimum performance, you also need to be able to assess and manage that performance.

Key behaviours

Topics to be covered

Day Five: Dispute Management in the Petroleum Industry

Competency Description: To manage claims and disputes, you need to understand the options available to you to minimise cost, time and reputational risk to your organisation.

Key behaviours

Topics to be covered

Accreditation

PMI Registered Education Provider

The Registered Education Provider (R.E.P. ID:4349) status with the Project Management Institute (PMI®) enables PetroKnowledge to issue applicable Professional Development Hours/Units (PDHs/PDUs) to participants on this training course, to help you achieve or maintain PMI® professional credentials.

The PMI® Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.

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© 2017. Material published by Petroknowledge 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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© 2017. Material published by Petroknowledge 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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Quality Assured Training

PetroKnowledge is one of the exclusive group of training providers who have been awarded the prestigious ISO 29990:2010 accreditation.

ISO 29990:2010 ISO 29990:2010 & ISO 9001:2015

Our Training Partners

We are an approved training provider and partner to over 10 global institutions.
We believe in training excellence and our partners are a testament to that commitment.

Institute of Leadership & Management
Institute of Marine Engineering, Science and Technology
 Maintenance & Reliability Professionals
Energy Institute
merican Society for Nondestructive Testing
American Welding Society
Project Management Institute
German Association for Water, Wastewater and Waste (DWA).

The PMI® Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.