Objectives

At the end of this seminar, you will:

• 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

Course Outlines

Day 1 - Principal Types of Oil and Gas Contracts

• Principles of Petroleum Law and Industry
• Exclusivity, Mutual Interest and Confidentiality
• Concessions/Licences
• 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