Pre-Contract Risk Assessment  in the Oil & Gas Industry

An Intensive 5-day Training Course

Pre-Contract Risk Assessment
in the Oil & Gas Industry

Tips for Negotiation & Re-negotiation of Oil & Gas Contracts

Pre-Contract Risk Assessment in the Oil & Gas Industry

Scheduled Dates

Classroom

21 - 25 Jul 2025Istanbul - Turkey$5,950RESERVE A SEAT
10 - 14 Nov 2025London - UK$5,950RESERVE A SEAT

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Why Choose this Training Course?

Pre-Contract Risk Assessment within the Oil & Gas industry is central. This training course aims to offer a review to common oil and gas contracts with specific emphasis on identifying common contractual pitfalls in light of Covid-19, many contracts had to be negotiated and/or re-negotiated during Covid-19 and so you will enhance your ability to do so in order to mitigate risk through commercial clauses and to increase profitability.

The PetroKnowledge training course offers a thorough analysis to the concept of risk management and the various tools in place to mitigate risk, before discussing the general commercial risks associated with placing contracts within the Oil and Gas Industry. The hands-on practical exercises will give you an understanding of the art of negotiations.

Delegates will understand the components of “the deal”, timing, strategies for gaining the upper hand in negotiations, games opponents play, good vs. bad negotiations and the pitfalls of positional bargaining. After attending this training 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 will highlight:

  • The interactions of national legal systems in this field and the contractual frameworks
  • The impact of Covid-19 on oil and gas business
  • Negotiating contracts profitably post Covid-19
  • Understanding boilerplate contractual provisions and the risk associated with these
  • Arbitration and Alternative Dispute Resolution (ADR) Techniques

What are the Goals?

This PetroKnowledge training course aims to provide an overview of the common boilerplate contractual pitfalls in the oil and gas industry, particularly post Covid-19. You will acquire the fundamentals of international oil and gas agreements, along with 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 oil and gas agreement.

At the end of this training course, you will learn the following:

  • Fundamentals of Commercial Contracts
  • Key Players in the International Oil and Gas Industry & the impact of Covid-19
  • Negotiation Techniques and the Role of Counsel, especially post Covid-19
  • Key Legal Contractual Risk Management Issues
  • Managing force majeure clauses
  • Analysis of Key Provisions in International Oil & Gas Contracts
  • Standard Form Contracts Used in the Industry including internationally AIPN and in the North Sea LOGIC/CRINE
  • International Dispute Resolution in the Oil and Gas business

Who is this Training Course for?

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

  • Commercial Managers in the Oil and Gas sector looking to improve their contract negotiation skills and overall commercial performance
  • Geologists and Engineers looking to increase and improve their commercial contracts knowledge
  • Legal practitioners in the Oil and Gas Sector looking to increase their knowledge
  • Insurance and Risk Managers looking to reduce the legal and contracts risks for their companies
  • Academics looking to increase or specialise in the area of Oil and Gas Law
  • Government Departments, Policy Makers and Regulators

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 oil and gas contracts within international standards through interactive session with role playing, case studies, discussion groups and scenario 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 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 oil and gas industry, this training course offers a unique opportunity to rapidly increase your understanding of the related contracts and to improve your negotiation techniques and skills in drafting a variety of related contracts.

Therefore, your organisation 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 oil and gas contracts.
  • Through various workshops and exercises ability to appreciate and understand the current international practices in oil and gas contracts
  • How mitigate risks in oil and gas contracts
  • Enhancing contract personnel negotiation skills
  • International Dispute Resolution in the Oil and gas business

Personal Impact

Attendees will gain the following benefits:

  • A unique opportunity to rapidly increase your understanding of the international practices relevant to oil and gas contracts
  • Improving your negotiation techniques and skills in drafting a variety of related oil and gas contracts
  • Insurance and Claims in the oil and gas industry
  • Managing and mitigating legal risks associated with oil and gas contracts
  • Choosing most appropriate form of dispute resolution and how to draft a suitable ADR clause

Daily Agenda

Day One: The Commercial and Legal Framework
  • The Legal System & Fundamental legal principles
  • Mandatory elements of a legally enforceable contract    
  • Contract formation
  • Terms and conditions     
  • Contract terms
  • Interpretation of contract terms
Assessing Available Remedies for Breach of Contract in the Oil And Gas Industry 
  • Rescission
  • Compensatory damages
  • Consequential and incidental damages
  • Liquidated damages
  • Specific performance
  • Injunctive Relief
Avoiding Risk Through Contract Termination Clauses: Lessons from the Oil & Gas Industry
  • Common termination clauses
  • Penalty provisions
  • Avoiding common pitfalls
Day Two: Understanding Common Oil & Gas Upstream Contracts: Tips Post Covid-19
  • Production Sharing Contracts and similar agreements
  • Joint Operating Agreements
  • Farmout/Farmin Agreements
  • Drilling Contracts
  • Service and Supply Contracts
Day Three: Post Covid-19: Reducing Risk Through Effective Use of Force Majeure Clauses
  • Understand the purpose and risks this clause is intended to mitigate and the impact of Covid-19
  • Avoiding common Force Majeure pitfalls
  • Protect yourself from abuse and misuse of this clause
  • Mechanics of exercising Force Majeure rights
  • Practical Exercise: Case studies
Assessing and Managing Risk in Oil and Gas Contracts
  • Determining and assessing types of risk
  • Prioritizing risk
  • Developing Risk Minimization Strategies
  • Practical Exercise: Case Studies
Day Four: Avoiding Common Contract Pitfalls & Negotiations
  • Review boilerplate classes
  • Issues during and post Covid-19
  • How to negotiate profitably
  • Workshop Exercise: Negotiation Case TBA
Insurance & Indemnity in Oil and Gas Contracts
  • Issues that must be considered at the pre-contractual phase
  • Post contract negotiations
  • Examples of various type of indemnity provisions
  • Good practice
  • Practical Exercise: Contract drafting exercise –Drafting effective indemnity clauses
Day Five: Dispute Resolution in Oil and Gas Contracts
  • Issues that must be considered at the pre-contractual phase – drafting tips
  • Types of dispute resolution vehicles: negotiation, arbitration, mediation, litigation, expert determination
  • Importance of the dispute resolution clause
  • Framing the dispute resolution clause
  • Ad hoc dispute resolution agreements

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

Why PetroKnowledge?

PetroKnowledge is a globally recognized provider of training courses for oil and gas professionals, offering a wide range of specialized training courses designed to enhance knowledge, skills, and expertise in the energy sector. With courses tailored to meet the evolving demands of the oil and gas industry, PetroKnowledge helps professionals stay up-to-date with industry standards, technological advancements, and best practices.

Who are these training courses designed for?

Our courses are specifically developed for professionals in the oil and gas industry, including engineers, technical staff, managers, and other specialists looking to advance their careers. Whether you’re a seasoned expert or new to the sector, our training for oil and gas professionals is suited to individuals at all stages of their professional journey.

Are the courses delivered online or in person?

PetroKnowledge offers flexible learning solutions with both online courses and in-person training options. Online courses for oil and gas professionals provide the flexibility to learn from anywhere, while in-person courses offer a hands-on, interactive learning environment. Each training course page provides detailed information on the delivery format, allowing you to choose the option that best meets your learning style and schedule

Can I get a customized training course for my team?

Yes, PetroKnowledge offers customized in-house training solutions for organizations looking to upskill their teams. We work closely with companies to design bespoke training courses for oil and gas professionals that address specific challenges and objectives. Whether you need on-site training or online solutions, we can tailor the training courses to suit your organization’s needs.

Are there any prerequisites for attending a course?

Certain advanced training courses for oil and gas professionals may require prior experience or technical knowledge. These prerequisites ensure that participants can fully benefit from the course content. We recommend reviewing the course description on the relevant page to determine if any prerequisites apply to your selected course.

How can I enroll in a course?

Enrolling in one of our training courses for oil and gas professionals is simple and convenient. Navigate to the specific course page, click “Enroll Now,” and complete the registration form. You will receive a confirmation email with further details on how to proceed.

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]

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.

Will I receive a certificate after completing the course?

Yes, upon successful completion of our courses for professionals in the oil and gas industry, you will receive an industry-recognized certificate from PetroKnowledge. This certification is designed to validate your skills and knowledge and can significantly enhance your professional credentials, boosting your career prospects in the competitive oil and gas sector.

When and how do I arrange payments?

We offer two convenient payment options:

  • Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
  • Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.

What is the refund or cancellation policy?

Our refund and cancellation policy varies depending on the course and circumstances. Generally, cancellations made at least 21 days before the training are eligible for a refund, less any administrative fees. If you have any specific inquiries about the cancellation or refund, don’t hesitate to contact our support team, who can assist with your booking and cancellation queries.

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

For corporate fees and group registration, please send your query to [email protected].

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