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Why Choose this Training Course?
Natural Gas Development: Contract & Legal Consideration training course will help participants to increase rapidly their understanding of the key contractual clauses relevant to gas transactions. The training course will enable participants to develop a holistic understanding of the key industry players within the traditional petroleum cycle, common contractual pitfalls, liability and insurance issues, and also to understand the arts of negotiating contracts profitably.
This training course is designed to offer an insight into commercial realities of the industry in terms of customs and practice, in addition to the contractual parameters. Disputes can and do occur, this is why the training course will offer a comprehensive understanding of the main methods of dispute resolutions used in gas contracts and how you can develop an effective clause to manage future disputes.
This PetroKnowledge Natural Gas Development training course will highlight:
Formation of contracts, remedies, and termination
Holistic understanding of the major industry players and the types of key contracts used in the industry
Commercial realities of the industry- i.e. customs and practice, in addition to the contract principles
Capping contractual liability including liquated damages, insurance, consequential loss etc
Examining international standard contract models
Sales agreements, such as long-term gas sales agreements
Dispute resolutions in gas contracts
What are the Goals?
Natural Gas Development training course aims to provide a good understanding of the structure of industry, the formations of legal contracts and applicable interpretation principles, an overview of gas contracts and its application in practice so that we can develop a good ground to enable you negotiate profitably key gas contracts with clarity on managing and mitigating overall risks, and to understand the importance and methods of dispute resolutions relevant to gas contracts.
At the end of this Natural Gas Development training course, the participants will learn to:
Formation of relevant contracts, remedies, and terminations
Key industry players and the commercial realities of the business, including contractual parameters
A practitioner’s insight into common contractual pitfalls in key gas contracts
Negotiate gas contracts profitably, with a clear understanding of insurance provisions, liability, and indemnity clauses
Enhance the ability to draft and negotiate force majeure clauses
Draft and apply effective dispute resolution clause in gas contracts
Who is this Training Course for?
Natural Gas Development: Contract & Legal Consideration Masterclass training course is specifically designed for professionals actively involved or likely to be involved in contract negotiations and all those who need an understanding of the principles of gas contracts, including issues such as price terms and the allocation of risk.
This Natural Gas Development training course is suitable for a wide range of professionals but will greatly benefit:
Senior and Middle-Level Commercial Managers
Energy Purchasing Managers
Pipeline Marketing Managers
Senior Government Officials and Regulators
How will this Training Course be Presented?
This Natural Gas Development training course will provide the participants a perfect opportunity to advance and sharpen their skill sets in planning, negotiating and drafting oil and gas contracts through an interactive session with role-playing, case studies, group discussions, and scenarios building and the high-point of the training course being a simulation exercise of oil and gas 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 oil and gas contract. This will help the participants to gain practical insights into managing the risks and enhancing their rewards.
This training course offers a unique opportunity to rapidly increase your understanding of the gas contracts and improve your negotiation techniques, and skills in drafting a variety of related contracts for professionals involved nationally and internationally in the oil and gas industry.
The organisation will benefit from this training course through:
Gaining expertise and improving knowledge and skill sets of personnel dealing with areas of legal risks in handling gas contracts
Various workshops and exercises the ability to appreciate and understand the current international practices in gas contracts
How to mitigate risks in gas contracts
Enhancing the contract personnel negotiation skills
Understanding the importance of Alternative Dispute Resolution (ADR) clause
The participants will gain knowledge by attending this Natural Gas Development training course, as a result:
A unique opportunity to rapidly increase your understanding of the international practices relevant to gas contracts
Improving the negotiation techniques and skills in drafting a variety of related gas contracts
Managing and mitigating legal risks associated with gas contracts
Choosing the most appropriate form of dispute resolution and how to draft a suitable Alternative Dispute Resolution (ADR) clause
Enhancing your ability to negotiate and manage claims and disputes with confidence
Day One: Dynamics of Gas Business and English Contracts
Introduction to Gas (Petroleum) Contracts
Key Terms and Definitions
General principles of oil and gas contract law
Key players in the international oil and gas industry
Contracts Formation & Interpretation of Contract Terms
Day Two: Contracting and Commercial Realities of the Gas Business
Remedies for Breach of Contract
Contract termination internationally and in English law
Principal standard form contracts used in the industry
LOGIC / CRINE
The key legal contractual risk management issues
Contracts for downstream activities
The Contractual Process
Commercial Realities of Gas Contracts
Drafts and Drafting Tips
LNG Sales Contracts
Day Three: Essentials of Negotiating Gas Contracts
Enforcement of Gas Contracts
Fundamental Legal Principles of Gas Contracts
Cultural and Language Issues
Global gas market
Structuring an LNG Project and Government Role
Capacity Building and Local Content
LNG Development Environment
PSC v. Licenses
Workshop: How to negotiate petroleum contracts profitably?
Day Four: Gas Sales and Purchase Agreements: Liabilities and Legal Principles
Domestic Gas Sales Agreement
LNG Sale and Purchase Agreement
Risk Management and LNG Business: Types of Risks and Steps to Mitigate?
Transportation and Processing Agreement (TPA)
International Practices and Model Contracts
Force Majeure in Gas Sales Contracts
Termination and Tax
Day Five: Dispute Resolutions of Gas Contracts
Tiered Dispute Resolution Mechanisms
Formal Dispute Resolution in Gas Contracts
Preventing costly litigation through effective use of ADR option
Types of dispute resolution vehicles
Assessing Litigation vs. Arbitration Options
Considerations for selecting effective mediators and Arbitrators
Selecting arbitration and mediation rules of procedure
Drafting effective dispute resolution clause
Contract Review, Evaluation, and Lesson Learned
Overview and Conclusion
On successful completion of this training course, a PetroKnowledge Certificate will be
awarded to the delegates