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Understanding Energy Contracts

An Intensive 5-Day Training Course

Understanding Energy Contracts

A Comprehensive Guide

Scheduled Dates

12 - 16 Aug 2024 London - UK $5,950
16 - 20 Dec 2024 Dubai - UAE $5,950
20 - 24 Jan 2025 London - UK $5,950
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Why Choose this Training Course?

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.

What are the Goals?

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

Who is this Training Course for?

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

How will this Training Course be Presented?

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

  • 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

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

Day Three: Specific Upstream Energy Agreements

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

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

  • 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

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


  • On successful completion of this training course, a PetroKnowledge Certificate will be awarded to the delegates

In Association With

GLOMACS Training

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

Visit Website ›

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 50 981 7386 | +971 2 557 7389 or send an email to

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

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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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