CONTRACT MANAGEMENT IN OIL & GAS

INTRODUCTION

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.  Featuring highly relevant and up-to-date industry (oil & gas) materials and examples – it comprehensively covers key topics and issues in contract management including contract administration and planning, challenges in contract implementation, supplier-customer relationships, contractor performance, compliance, contract changes, dispute resolution, etc. and their practical contractual management solutions.

This Oil & 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 & industry, and how best to manage risk

DURATION

5 days

COURSE OBJECTIVES

v Acquire management and negotiation techniques

v Identify, assess and manage key contractual risks

v Manage force majeure and liability clauses

v Analyse key provisions in international oil and gas contracts

v Describe best practice in supply chain management

v Learn international dispute resolution in the oil and gas business

v Perform negotiations more confidently

TARGET AUDIENCE

v Contract administrators, negotiators and engineers

v Business development officers

v Business planners

v Supplier relations professionals

v Procurement professionals

v Engineering, operational and maintenance personnel

v Commercial, financial and insurance professionals

v Project and general management team members

METHODOLOGY

Participants on the Oil & 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 a number of case studies, presentations, and plenary discussions. Active participation to share delegates own experiences will be encouraged.

COURSE CONTENTS

Types of Oil and Gas Contracts

v Principles of Oil & Gas Contracts

v Exclusivity, Mutual Interest, and Confidentiality

v Concessions/Licenses

v Leases and Rentals

v Services and Works Agreements

v Multi-Party Contracts

Managing the Supply Chain Process

v Overview of Procurement Best Practice

v Identifying and managing risk in Supply Chain

v Developing the Scope of Work

v Qualifying Suppliers

v Managing the Supply Chain

v Contract Award and Execution

v Bribery and Corruption

Key Contractual Issues and Their Management

v Performance and Penalties

v Liabilities and Indemnities

v Pricing and Payment

v Force Majeure

v Termination

v Local Content Requirements

Managing Contractor Performance

v Identifying and Managing Supplier Risk

v Service Level Agreements

v Key Performance Indicators

v Changing the Scope of Work

v Limiting and Excluding Liability

v Use of Bonds, Guarantees and Warranties

Dispute Management in the Petroleum Industry

v Damages and Other Remedies

v Negotiation, Compromise, Settlement

v Alternative Third Party Dispute Resolution

v Litigation or Arbitration?

v Enforcement Measures

v Open Forum – Questions and Final Review

TRAINING VENUE, LOGISTICS AND PAYMENT

v Training is residential and will be held at Afriex Training Centre.

v The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.

v Accommodation and airport transfer are arranged upon request by the participant.

v This training can also be tailor made for your institution upon request. You can have it delivered in our training Centre or at a convenient location.

v For further inquiries, please contact us on training@afriextraining.org

v Payment should be made to Afriex Training Limited bank account before the start of the training and receipts sent to training@afriextraining.org

v Upon successful completion of this training, participants will be issued with an Afriex Training Ltd certificate.