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Available dates

Nov 10—14, 2019
5 days
Dubai, United Arab Emirates
USD 4950
USD 990 per day

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About the course

This highly interactive Oxford Oil and Gas Contracts training seminar will provide you with a solid foundation for understanding and assessing the key legal and commercial risks in different types and forms of contract used in the oil and gas sector. The continued accelerated pace of change in the oil and industry, its unique contract matrix, and high levels of investment combine to make it one of the world’s most challenging and complex sectors in which to understand, draft and negotiate contracts. This Oxford training seminar will help in enhancing your knowledge of the diverse range of oil and gas contracts, and raise your awareness of best practices in managing the supply chain process.

Through this comprehensive Oxford training course, you will also appreciate how best to deal with the ripple effects of Macondo; knock for knock indemnities, and local content requirements.

This Oxford training course will highlight:

  • Major types of contract used in the oil and gas sector
  • Best practice in supply chain management
  • Key legal and commercial risk management issues
  • International dispute resolution frameworks
  • Negotiation tools and techniques

Objectives

At the end of this Oxford training course, participants 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

Training Methodology

In this Oxford Contracts Management training seminar, participants will gain greater knowledge through presentations by an experienced international practitioner designed to both educate and challenge. Extensive use will be made of case studies and real examples of contracts and projects. Open and instructive group discussions will also be facilitated encouraging delegates to raise questions, and share their own experiences.

Organisational Impact

All commercial activities attract risk, yet the oil and gas sector is different from most others given the level of government intervention and control. Your organisation will benefit by:

  • Developing an appreciation of the different types, and uses of, oil and gas contracts
  • Understanding the role of host states, IOCs and NOCs
  • Extending knowledge of supply chain international best practice
  • Enhancing internal capacity to manage key contractual risks
  • Exploring alternative ways of reducing the impact of disputes
  • Enhancing individuals’ negotiation skills

Personal Impact

Attendees will gain by participation in this Oxford training seminar as a result of:

  • Appreciating the different nature of oil and gas contracts
  • Developing best practices in supply chain management
  • Assessing key contractual risks and their management
  • Applying supplier performance management techniques
  • Reviewing most appropriate form of dispute resolution
  • Enhancing your ability to negotiate with confidence

Course Outline

DAY 1 Principal Types of Oil and Gas Contracts

  • Principles of Petroleum Law & Industry
  • Concessions / Licenses
  • Leases and Rentals
  • Sale, Purchase and Transportation Arrangements
  • Services and Works Agreements
  • Multi-Party Arrangements

DAY 2 Managing the Supply Chain 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
  • Pricing and Payment
  • Force Majeure
  • Termination
  • Local Content Requirements

DAY 4 Managing Contractor Performance

  • Identifying and Managing Supplier Risk
  • Service Level Agreements
  • 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
  • Negotiation, Compromise, Settlement
  • Alternative Third Party Dispute Resolution
  • Litigation or Arbitration?
  • Enforcement Measures
  • Open Forum – Questions and Final Review

Who should attend

This Oxford Oil & Gas Contracts training programme will benefit all levels of personnel involved in any aspect of project procurement and implementation in the oil and gas sector. It will enable a broad range of disciplines to appreciate and understand the complexities of this industry, and how best to manage risk.

This Oxford training programme is appropriate to a wide range of professionals but will greatly benefit:

  • Procurement Managers and Purchasing Staff
  • Engineering, Operational and Maintenance Personnel
  • Contracts Engineers, Administrators, and Managers
  • Commercial, Financial and Insurance Professionals
  • Project and General Management

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