Oil & Gas Contracts

An Intensive 5-Day Training Course

Oil & Gas Contracts

Modern Practices in Licensing, Production Rights,
Legislation, Sales, Purchase and Transportation Agreements

PMI® Registered training
PMI® Registered training

Scheduled Dates

02 - 06 Jan 2023 Dubai - UAE $5,950
03 - 07 Jul 2023 London - UK $5,950
16 - 20 Oct 2023 Dubai - UAE $5,950
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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?

Why Choose this Training Course?

This highly interactive PetroKnowledge Oil & Gas Contracts training course will provide its participants with valuable insight into the operations of the Oil and Gas Industry in a modern context. Oil and Gas contracts are the life blood of the industry and form the basis and foundation upon which the industry operates.  This Oil & Gas Contracts training course will give participants a frame work within which to understand the rights and obligations of both host country and operators and how they are determined and set out in the oil and gas contracts. The legal principles involved in licencing, production sharing contracts, service contracts will be highlighted and discussed in order to provide a solid understanding of the legal basis for these contracts.  Further the course will also cover sale and purchase and transportation contracts in use in the industry. Risk management in the oil and gas industry is essential and needs to be encapsulated in the contract clauses and this course will provide the fundamental knowledge of the essential risk management features that are in these contracts. Participants will get to understand investor protection in the oil and gas industry and how this can be achieved.

This comprehensive training course will provide many opportunities for delegates to discuss to have interactive discussion and review case studies and discuss the various legal and regulatory aspects of these contracts. Participants will gain a true understanding of the legal underpinnings of the oil and gas contracts used around the world in the oil and gas sector.

This training course will highlight:

  • Modern aspects of oil and gas contracts
  • How to manage production and country risks
  • Key legal and commercial risk management measure
  • Investor protection by providing legal frameworks
  • Negotiation tools and tactics
  • Dispute resolution in cross border and international contracts

What are the Goals?

What are the Goals?  

By the end of this Oil & Gas Contracts training course, participants will:

  • Master and comprehensively understand the legal principles of oil and gas contracts
  • Understand in depth licensing, production sharing and service contracts
  • Learn to identify the risk factors and managing those risks through effective contractual clauses
  • Know the relevant legal and regulatory frameworks that are in the oil and gas industry
  • Learn how to use appropriate contractual clauses in oil and gas contracts
  • Appreciate the best dispute resolution methods and how it will apply it in different scenarios

Who is this Training Course for?

Who is this Training Course for? 

This Oil & Gas Contracts training 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 PetroKnowledge training course is appropriate to a wide range of professionals but will greatly benefit:

  • Legal managers, legal counsel
  • Commercial and Business managers
  • Contracts administrators, and managers
  • Commercial, financial and insurance professionals
  • Project and General Management

How will this Training Course be Presented?

How will this Training Course be Presented?  

In this Oil & Gas Contracts training course, participants will gain greater understanding of the subject matter through presentations by an experienced international practitioner designed to both inform and broaden the perspectives of the participants. Case studies will be reviewed and discussed bearing in mind some of the realistic scenarios participants have encountered. Interactive discussions on problems and possible solutions will be encouraged.

Organisational Impact

The organisation will benefit by:

  • Personnel in the organisation will be conversant with oil and gas contracts, licensing and productions rights
  • Having a full understanding of the fundamental legal principles involved in licensing, production sharing contracts and service contracts
  • Knowledge of the legal basis for these contracts
  • Being able to anticipate and deal with issues and ramifications pertinent to energy contracts
  • Strategizing on risk management techniques that can be used in the Oil and Gas contracts
  • Senior management know the options available to enable them to negotiate terms and conditions of oil and gas contracts for upstream and downstream

Personal Impact

This Oil & Gas Contracts training course teaches the competencies that enable the attendees to:

  • Obtain the essential skill sets to negotiate oil and gas contracts clauses
  • Manage and production and commercial risks through well drafted contract clauses
  • Gain the ability to formulate a comprehensive thought out approach to contracting
  • Demonstrate a professional understanding of apportioning risk and liability between the parties to the oil and gas contracts
  • Work out a contracting strategy to meet company’s goals
  • Customise bespoke contracts suited to needs of their company

Daily Agenda

Day One: Introduction to Oil and Gas Contracts, Licencing and Production Rights 

  • Principal licensing and contractual arrangements
  • Upstream and downstream contracting
  • Financing in the international oil & gas industry
  • Specific Risks in Upstream & Downstream contracts
  • Sale and Purchase and Transportation Agreements
  • Contractual claims and resultant disputes
  • The role of negotiation strategies in dispute avoidance under oil & gas contracts

Day Two: Emergence of New Contractual Arrangements 

  • The Modern Concession Contracts
  • The Production Sharing Contracts
  • Participation Agreements and joint operation agreements (JOA)
  • Service Contracts, Pure Service Contracts, Risk Service Contracts
  • Environmental impacts in the context of protection policies and requirements
  • Regulatory framework, institutional factors and infrastructure
  • Comparative Analysis of the different contract forms

Day Three: Stabilisation Clauses and International Petroleum Agreements 

  • Stabilisation clauses defined
  • Typology of Stabilisation Clauses
  • Validity and Efficacy of the Stabilisation Clause
  • Stabilisation Clauses and the National and International Law
  • The Re-negotiability of International Petroleum Agreements: Stability v. Flexibility
  • The Triggering Events for Renegotiation

Day Four: Key Contractual Issues & Risk Allocation in Oil and Gas Contracts 

  • Liabilities & Exclusion and Limitation
  • Indemnity and exclusion clauses: why the need
  • Distinctions and definitions: indemnity vs. exclusion vs. limitation
  • Mutual hold harmless – the ‘knock for knock’ regime
  • Forms of exclusion clauses (and why it matters) Common carve-outs
  • Performance & Penalties
  • Termination clauses and right to terminate
  • Force Majeure, Change in Law and other Disputes

Day Five: Methods of Dispute Resolution under Cross Border/International Agreements  

  • Arbitration & Mediation – Important differences
  • Mediation and conciliation, adjudication, dispute boards- save time and costs
  • Enforcement of international arbitration awards under the New York Convention
  • Contemporary Developments in case law and legislation

Certificate

  • On successful completion of this training course, a PetroKnowledge Certificate will be awarded to the delegates
  • On successful completion of this PetroKnowledge training course, Certificate with eligible Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI®), will be awarded to the delegates

Accreditation

PMI® Registered Training Course

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 our Project Management oriented training courses, to help them achieve or maintain PMI® professional credentials.

In Association With

GLOMACS Training

Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients

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Frequently Asked Questions

How can I register for a training course?

  • 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 56 222 7795 | +971 2 557 7389 or send an email to reg@petroknowledge.com

When and how do I arrange payments?

  • 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.

When should I expect to receive confirmation of registration?

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.

Is there a discount for more than one registrant/course?

For corporate fees and group registration, please send your query to info@petroknowledge.com.

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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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