Oil and Gas Contract Management Course

Why Attend
The continued accelerated pace of change in the oil and industry and high levels of investment combine to make it
one of the world’s most challenging and complex sectors in which to understand and manage contracts. A good
scrutiny and overall analysis of oil and gas contracts to remove ambiguities and risky clauses can make the vital
difference to bottom line success or failure of an organisation.
This Oil and Gas Contract Management training course will provide the participants with a solid foundation for
understanding and assessing the key commercial risks in different types and forms of contract used in the oil and gas
sector. The training course will help in enhancing the participants- knowledge of the diverse range of oil and gas
contracts and raise their awareness of best practices in managing the supply chain process. This training course will
also enable a broad range of disciplines to appreciate and understand the complexities of the oil and industry, and
how best to manage risk
Important Features
ï‚· In-depth overview of all phases of Oil and Gas contracting
ï‚· Key principles and requirements of professional purchasing
ï‚· Best practice in supply chain management
ï‚· Commercial risk management issues
ï‚· Evaluate the most appropriate way to dispute resolution
ï‚· Negotiation tools and techniques
Learning Objectives
ï‚· Acquire management and negotiation techniques
ï‚· Identify, assess, and manage key contractual risks
ï‚· Manage force majeure and liability clauses
ï‚· Analyse key provisions in international oil and gas contracts
ï‚· Describe best practice in supply chain management
ï‚· Learn international dispute resolution in the oil and gas business
ï‚· Perform negotiations more confidently
Target Audience
ï‚· Contract administrators, negotiators, and engineers
ï‚· Business development officers
ï‚· Business planners
ï‚· Supplier relations professionals
ï‚· Procurement professionals
ï‚· Engineering, operational and maintenance personnel
ï‚· Commercial, financial and insurance professionals
ï‚· Project and general management team members
Training Methodology
Participants on the Oil and Gas Contracts Management training course will gain greater knowledge with the use of
individual and group exercises aimed at helping participants learn all key contract management activities. The course
also features the use of several case studies, presentations, and plenary discussions. Active participation to share
delegates own experiences will be encouraged.
Pre and Post course assessments will be used to measure the effectiveness of this training.

Course Contents
Day 1 - Types of Oil and Gas Contracts
ï‚· Principles of Oil and Gas Contracts
ï‚· Exclusivity, Mutual Interest, and Confidentiality
ï‚· Concessions/Licenses
ï‚· Leases and Rentals
ï‚· Services and Works Agreements
ï‚· Multi-Party Contracts
Day 2 -Managing the Supply Chain Process
ï‚· Overview of Procurement Best Practice
ï‚· Identifying and managing risk in Supply Chain
ï‚· Developing the Scope of Work
ï‚· Qualifying Suppliers
ï‚· Managing the Supply Chain
ï‚· Contract Award and Execution
ï‚· Bribery and Corruption
Day 3 -Key Contractual Issues and Their Management
ï‚· Performance and Penalties
ï‚· Liabilities and Indemnities
ï‚· Pricing and Payment
ï‚· Force Majeure
ï‚· Termination
ï‚· Local Content Requirements
Day 4 - Managing Contractor Performance
Key Topics:
ï‚· Identifying and Managing Supplier Risk
ï‚· Service Level Agreements
ï‚· Key Performance Indicators
ï‚· Changing the Scope of Work
ï‚· Limiting and Excluding Liability
ï‚· Use of Bonds, Guarantees and Warranties
Day 5 - Dispute Management in the Petroleum Industry
ï‚· Damages and Other Remedies
ï‚· Negotiation, Compromise, Settlement
ï‚· Alternative Third-Party Dispute Resolution
ï‚· Litigation or Arbitration?
ï‚· Enforcement Measures
ï‚· Open Forum – Questions and Final Review