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An Intensive 5 Day Training Course

Understanding Energy Contracts

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Code Date Venue Fee($)
CM112 13 - 17 Aug 2018 London - UK 5,500

*All fees are exclusive of VAT


Why Choose this Training Course?

Energy needs must be met in a world that cannot survive without it.  How effectively we meet this need will determine the development of the modern world. Many challenges are facing us in the field of energy which includes issues such as high and volatile energy prices, growing global energy demand, security risks affecting producing and transit countries, the growing threats of environmental changes, slow progress in energy efficiency, challenges posed by the increasing share of renewables. 

Energy Contracts need to be strategic and looked at through the lens of your company’s current risk profile. Companies need to formulate a targeted approach. Your energy contract management should provide customize solutions and also determine the best pricing strategy to meet your efficiency goals. Parties to the contracts want to mitigate dramatic price increases and the contracts need to address this and provide workable solutions.  There is a need for customised contracts to avoid undue penalties which can cripple the commercial viability of a project.  Energy contracts must allow for flexibility and the contracts must reflect this and have a robust basis for meeting stakeholders’ requirements.

This training course will provide participants with a comprehensive understanding of energy contracts essential to manage the volatile energy market.  Participants will receive a thorough in-depth exposition of the several energy contracts and understand the rationale behind them and acquire essential skills to negotiate sound well thought out energy contracts.


Training Objectives click here

What are the Goals?

By the end of this training course, participants will be able to:

  • Understand the global energy market and the structure of energy contracts.
  • Assess risks in the energy industry and know how to minimize those risks.
  • Examine and analyse the difference energy contracts both upstream and downstream
  • Assess key issues faced during contract lifecycle and know how to negotiate appropriate contractual clauses
  • Avoiding pitfalls in contract negotiations and ambiguous contractual terms

Target Audience click here

Who is this Training Course for?

This PetroKnowledge training course is suitable to a wide range of energy industry professionals but will greatly benefit:

  • Contracts Professionals
  • Commercial Managers & Professionals
  • Project Managers
  • Procurement Supply Chain Professionals
  • Risk Manager / Contract Risk Professionals
  • Financial Professionals in the Energy Industry

Training Methods click here

How will this Training Course be Presented?

This training course will utilise a variety of proven interactive learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes exercises designed to improve the understanding of the core energy contracts, improve their skill sets to negotiate better energy contracts through interactive session with case studies, discussion groups and scenario building.

Daily Agenda click here

Day One: Introduction to Energy Contracts

Competency Description: Energy contracts are the basis of the energy sector. A basic knowledge of the fundamentals on the main principles that underline these contracts will provide participants with a road map to these types of contracts.

Key behaviours

  • Acquiring basic knowledge of the structure of these contracts
  • Analysing the role of the different parties to these contracts
  • Understanding environmental & renewal energy issues
  • Key management  will appreciate the human, socio-economic and cultural impacts

Topics to be covered

  • Energy Laws, Policy, Business Ethics
  • Renewable energy issues
  • Petroleum Policy & Economics
  • Environmental issues
  • Human, Socio-economic and Cultural Impacts

Day Two: Specific Energy Contracts Examined

Competency Description: Detailed understanding of the main clauses in the different types of energy contracts will provide participants with a road map to these types of contracts.

Key behaviours

  • Attaining a comprehensive knowledge of the main contractual clauses in energy contracts
  • Obtaining a clear understanding of the parties’ rights and obligations under the contract
  • Analysing the risk factors involved and how best to mitigate those risks
  • Comparing different versions of the specific contracts and incorporating the best terms into their own contracts
  • Key management personnel will appreciate the human, socio-economic and cultural impacts

Topics to be covered

  • Gas Sale Agreement (GSA)
  • LNG Sale and Purchase Agreement (SPA)
  • Time charter party agreement
  • Terminal use agreement
  • Decommissioning

Day Three: Specific Upstream Energy Agreements

Competency Description:  Full understanding of the upstream energy contracts. Review of essential clauses and the principles upon which they operate. Consider how revenue and profits are shared between state authorities and operators under the terms of these contracts.

Key behaviours

  • Obtain hands-on knowledge of the essential clauses under this contract
  • Obtaining a clear understanding of the parties’ rights and obligations under the contract
  • Analysing the risk factors involved and how best to mitigate those risks
  • Comparing different versions of the specific contracts and incorporating the best terms into their own contracts
  • Key management personnel will appreciate the human, socio-economic and cultural impacts

Topics to be covered

  • Oil and gas concessions
  • Production Sharing Contracts
  • Service Contracts
  • Joint Operating Agreements (Joint ventures)

Day Four: Risk Based Contracting – EPC, EPCM and Alliance Contracts

Competency Description:  Obtaining essential understanding of EPC, EPCIC, EPCM and Alliance contracts and their main differences. Appreciating the risk and reward aspects of these contracts. Gaining invaluable knowledge of the risk and liabilities involved in these contracts and how parties can mitigate their exposure and limit their liabilities.

Key behaviours

  • Gain fundamental knowledge of the main clauses of the contracts.
  • Obtaining a total understanding of the employer and contractor’s rights and obligations under the EPC contract form
  • Analysing the employer and contractor’s risk factors and how to overcome and manage those risks
  • Managing delay claims both from contractor’s and employer’s perspective
  • Understanding performance obligations and warranties
  • Know the effects of termination of contracts and how to re-negotiate contracts

Topics to be covered

  • Basic features of an EPC, EPCM, Alliance contracts
  • Key oil and gas specific clauses
  • Key performance clauses
  • Liquidated damages
  • Risk allocation & Risk assessment

Day Five: Structure of Transportation & Power Purchase Agreements

Competency Description:  Gaining the knowledge of the main terms in mid-stream and off-take contracts.  Appreciating the risks and liabilities involved when there is a failure to take or pay.  How to negotiate long term contracts bearing in mind inevitable change of circumstances, law or other factors.

Key behaviours

  • Getting conversant with the main terms of these contracts
  • Analysing the parties’ main risks and negotiating and drafting contracts to address these risks which ne short or long term risks. 
  • Knowing the effects of force majeure on the contractual obligation of parties
  • Understanding the effects of take or pay provisions in these types of contracts
  • Identifying long terms risks and how provisions has be negotiated into contracts to deal with material adverse changes that may impact the contracts

Topics to be covered

  • Gas Sales Agreements
  • Power Purchase Agreements
  • Transportation agreements
  • Take or pay agreements

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VAT Announcement: The Government of UAE have introduced Value Added Tax (VAT) on goods and services from 01-January-2018. In compliance with the legislation issued by the UAE Government, we will be applying a 5% VAT on the fees for all our programs and services offered from January 2018 as applicable and stipulated in the FTA circulars.

PetroKnowledge Training


Understanding Energy Contracts


Code Date Venue Fees
CM112 13 - 17 Aug 2018 London - UK $5,500



Why Choose this Training Course?

Energy needs must be met in a world that cannot survive without it.  How effectively we meet this need will determine the development of the modern world. Many challenges are facing us in the field of energy which includes issues such as high and volatile energy prices, growing global energy demand, security risks affecting producing and transit countries, the growing threats of environmental changes, slow progress in energy efficiency, challenges posed by the increasing share of renewables. 

Energy Contracts need to be strategic and looked at through the lens of your company’s current risk profile. Companies need to formulate a targeted approach. Your energy contract management should provide customize solutions and also determine the best pricing strategy to meet your efficiency goals. Parties to the contracts want to mitigate dramatic price increases and the contracts need to address this and provide workable solutions.  There is a need for customised contracts to avoid undue penalties which can cripple the commercial viability of a project.  Energy contracts must allow for flexibility and the contracts must reflect this and have a robust basis for meeting stakeholders’ requirements.

This training course will provide participants with a comprehensive understanding of energy contracts essential to manage the volatile energy market.  Participants will receive a thorough in-depth exposition of the several energy contracts and understand the rationale behind them and acquire essential skills to negotiate sound well thought out energy contracts.


Training Objectives

What are the Goals?

By the end of this training course, participants will be able to:

Target Audience

Who is this Training Course for?

This PetroKnowledge training course is suitable to a wide range of energy industry professionals but will greatly benefit:

Training Methods

How will this Training Course be Presented?

This training course will utilise a variety of proven interactive learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes exercises designed to improve the understanding of the core energy contracts, improve their skill sets to negotiate better energy contracts through interactive session with case studies, discussion groups and scenario building.

Daily Agenda

Day One: Introduction to Energy Contracts

Competency Description: Energy contracts are the basis of the energy sector. A basic knowledge of the fundamentals on the main principles that underline these contracts will provide participants with a road map to these types of contracts.

Key behaviours

Topics to be covered

Day Two: Specific Energy Contracts Examined

Competency Description: Detailed understanding of the main clauses in the different types of energy contracts will provide participants with a road map to these types of contracts.

Key behaviours

Topics to be covered

Day Three: Specific Upstream Energy Agreements

Competency Description:  Full understanding of the upstream energy contracts. Review of essential clauses and the principles upon which they operate. Consider how revenue and profits are shared between state authorities and operators under the terms of these contracts.

Key behaviours

Topics to be covered

Day Four: Risk Based Contracting – EPC, EPCM and Alliance Contracts

Competency Description:  Obtaining essential understanding of EPC, EPCIC, EPCM and Alliance contracts and their main differences. Appreciating the risk and reward aspects of these contracts. Gaining invaluable knowledge of the risk and liabilities involved in these contracts and how parties can mitigate their exposure and limit their liabilities.

Key behaviours

Topics to be covered

Day Five: Structure of Transportation & Power Purchase Agreements

Competency Description:  Gaining the knowledge of the main terms in mid-stream and off-take contracts.  Appreciating the risks and liabilities involved when there is a failure to take or pay.  How to negotiate long term contracts bearing in mind inevitable change of circumstances, law or other factors.

Key behaviours

Topics to be covered

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© 2018. 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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