An Intensive 5-day Training Course
International Petroleum Law & Policy
Maximising Contractual Benefits and Risk Mitigation
Scheduled Dates
Classroom
| 06 - 10 May 2024 | Houston TX - USA | $6,950 | RESERVE A SEAT |
| 30 Sep - 04 Oct 2024 | Houston TX - USA | $6,950 | RESERVE A SEAT |
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We provide a wider range of training options. Tailored and customized, we can deliver your organization’s training needs anytime, anywhere.
Why Choose this Training Course?
Professionals of the petroleum industries are more than ever required to know and understand the regulations, polices, and practices governing their industry. This requirement extends not just to lawyers, but also geologists seeking out new mining sites, engineers planning the drills, and those responsible for drawing up mining contracts, who all need to know the legal and policy technicalities affecting their industry. However, knowledge of the black letter law is no longer enough; a practical understanding of operations is also a necessity.
During this training, delegates will acquire the fundamentals of international petroleum law, along with contract negotiation techniques and strategies that work in international and multicultural settings.
Delegates will also learn how to effectively negotiate in concert with counsel and how to get the terms negotiated incorporated into an enforceable international petroleum agreement. The hands-on practical exercises will give you an understanding of the art of negotiations. You will understand the fundamentals of the petroleum laws, the components of 'the deal', timing, strategies for gaining the upper hand in contract negotiations, games opponents play, good vs. bad negotiations and the pitfalls of positional bargaining.
After attending this course, delegates will be better equipped to negotiate profitably with international companies and governments in order to enforceable agreements that contain terms and conditions most productive for their company. This training course is specifically designed for professionals involved internationally in the petroleum industry, it offers a unique opportunity to rapidly increase your understanding of the legal issues involved in various international scenarios and to improve your techniques and skills in drafting a variety of international contracts.
This International Petroleum Law & Policy training course will highlight:
- Legal and policy background of the petroleum environment
- Key petroleum contracts including PSCs, licensing, concessions and joint ventures
- Negotiation techniques and the role of counsel
- Explanation and analysis of the key petroleum provisions to make the contract works
- The arrangements within the host government contracts’ framework
- Review the relationship dynamics between governments and IOCs, and how this applies to contractors on the supply chain
- Dispute resolutions relevant to the petroleum sector
What are the Goals?
By the end of this International Petroleum Law & Policy training course, participants will learn to:
- Appreciate the international petroleum contract practice, especially in the upstream sector
- Review the relationship policy dynamics between governments and IOCs
- Understanding common contractual pitfalls in service contracts, PSC contracts, and JOAs
- Negotiate profitably service contracts and PSC contracts, with clear understanding of insurance provisions, liability and indemnity clauses
- Enhance your ability to draft and negotiate force majeure clauses
- A practical guide to balancing the State vs. investor risks
- Asses and manage risks as relevant to these types of contracts
- Grasp and apply dispute resolution methods to these types of contracts
Who is this Training Course for?
The five day International Petroleum Law & Policy training course is specifically designed for professionals involved nationally and internationally in the petroleum industry, it offers a unique opportunity to rapidly increase your understanding of the legal issues involved in petroleum contracts and to improve your negotiation techniques and skills in drafting a variety of related contracts.
Therefore, this PetroKnowledge training course is suitable to a wide range of professionals but will greatly benefit:
- Commercial and Business Development Managers within National and International Petroleum Companies
- Legal Advisors involved in negotiating or renegotiating petroleum contracts
- Government Representatives
- Policy Makers, Government Representatives, and Regulators looking to increase their petroleum law knowledge
- Procurement Staff and Contracts Administrators/Managers
- Insurance and Risk Managers looking to reduce the legal and petroleum contracts risks for their companies
- Executives, Professionals, and Academics looking to increase or specialize in the area of International Petroleum Law
How will this Training Course be Presented?
This interactive PetroKnowledge training course will provide the participants an ideal opportunity to improve and sharpen their skill sets in planning and reviewing petroleum contracts within international standards through interactive session with role playing, case studies, discussion groups and scenario building with petroleum contracts negotiation involving interactive role play by the participants. The objective of the interactive role play is to enable participants to apply the knowledge and understanding gained at the workshop to negotiate a more effective petroleum contracts. This will help participants gain practical insights into managing the risks and enhancing their rewards.
Organisational Impact
For professionals involved nationally and internationally in the petroleum industry, this course offers a unique opportunity to rapidly increase your understanding of the fundamentals of modern practices in petroleum contracts and to improve your negotiation techniques and skills in drafting a variety of related contracts. Therefore, your organization will benefit from this training course by:
- Gaining expertise and improving knowledge and skill sets of personnel dealing with areas of legal risks in handling service contracts, PSCs, and concessionary systems
- Through various workshops and exercises ability to appreciate and understand the current international practices in petroleum auditing
- How mitigate risks in national and international petroleum contracts
- Enhancing contract personnel negotiation skills as relevant to petroleum practice
- Commonly occurring causes of disputes and to gain knowledge on International Dispute Resolution Framework and Institutions: how to negotiate arbitration clauses
Personal Impact
Participants will gain by attending this International Petroleum Law & Policy training course:
- A unique opportunity to rapidly increase your understanding of the international practices relevant to petroleum contracts
- Improving your negotiation techniques and skills in drafting a variety of related contracts
- Managing and mitigating legal risks associated with petroleum contracts
- Choosing most appropriate form of dispute resolution and how to draft a suitable ADR clause
- Enhancing your ability to negotiate and manage claims and disputes with confidence
Daily Agenda
Day One: Legal and Policy background to petroleum environment and contracts
- National petroleum industry v International petroleum Industry- Key Players
- International law of the sea and sovereignty over petroleum resources: territorial and continental shelf/exclusive economic zone: boundary disputes
- Developments of contractual and fiscal arrangements in the petroleum sector
- The legal framework and contracting
- Mandatory elements of a legally enforceable contract
- Contract Law: Assessing available remedies for breach of contract
Day Two: Fundamentals of International Petroleum Contracts
- Characteristics of international petroleum contracts
- The petroleum contractual process: A-Z
- Commercial realities of the petroleum business
- Drafts and drafting: Practical guide
- Fundamental legal principles and the essentials of negotiation
- Transferring risk by contractual indemnity in the petroleum industry
Day Three: Agreement with Resource Holders in the Petroleum Industry
- Leases
- Concessions/Licensing
- Production Sharing Agreements (PSA)
- key characteristics of production sharing agreements
- Service Agreements
- Service Contracts
Day Four: Agreements Between Co-Ventures, suppliers and contractors
- International model form Confidentiality Agreement (CA)
- AMI’s and Bidding Agreements
- Joint Operating Agreements (JOA)
- Unit Operating Agreement/Unitization
- Agreement with suppliers and contractors
- Procurement strategies and best practice in the petroleum industry
Day Five: INSURANCE PROVISIONS AND DISPUTE RESOLUTION IN THE PETROLEUM INDUSTRY
- Managing risk through adequate insurance provisions in the petroleum industry
- Avoiding common contractual pitfalls in the petroleum industry
- Types of dispute resolution vehicles
- Assessing litigation vs. arbitration options
- Mediation considerations
- Drafting effective dispute resolution clause: Practical Exercise: Mock arbitration exercise
Certificate
- On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
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Frequently Asked Questions
- To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
- You may also get in touch with our Registration Team on
+971 50 981 7386 | +971 2 557 7389 or send an email to [email protected]
- Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
- Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
- Invoices will be sent via email/courier to the ID/name and address provided.
- The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.
Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.
For corporate fees and group registration, please send your query to [email protected].
