Oil & Gas Contracts

Course Code: OG06

Course Objective

  • Appreciate the uses of various types of oil and gas contracts
  • Describe best practice in supply chain management
  • Identify, assess and manage key contractual risks
  • Evaluate the most appropriate way to dispute resolution
  • Perform more confidently in negotiations


Target Audience

  • Procurement managers and purchasing staff
  • Engineering, operational and maintenance personnel
  • Contracts engineers, administrators, and managers
  • Commercial, financial and insurance professionals
  • Project and General Management


Course Outline

DAY 1: Principal Types of Oil and Gas Contracts

  • Principles of Petroleum Law and Industry
  • Exclusivity, Mutual Interest and Confidentiality
  • Concessions/Licenses
  • Hire, Lease and Rentals
  • Services and Works Agreements
  • Multi-party Contracts

DAY 2: Managing the Supply Process

  • Overview of Procurement Best Practice
  • Developing the Scope of Work
  • Qualifying Suppliers
  • Managing the Supply Chain
  • Contract Award and Execution
  • Bribery and Corruption

DAY 3: Key Contractual Issues and their Management

  • Performance and Penalties
  • Liabilities and Indemnities
  • Force Majeure
  • Pricing and Payment
  • Termination
  • Local Content Requirements

DAY 4: Managing Contractor Performance

  • Identifying and Managing Supplier Risk
  • Service Level Agreement
  • Key Performance Indicators
  • Changing the Scope of Work
  • Limiting and Excluding Liability
  • Use of Bonds, Guarantees and Warranties

DAY 5: Dispute Management in the Petroleum Industry

  • Damages and Other Remedies
  • Litigation or Arbitration?
  • Alternative Third Party Dispute Resolution
  • Enforcement Measures
  • Negotiation, Compromise, Settlement
  • Open Forum – Questions and Final Review

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Date & Location

Date : 16 February 2020

Duration : 5 days

Place : Kuala Lumpur

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Date : 29 November 2020

Duration : 5 days

Place : London

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