Course : Oil and Gas Contract Management

Course Outline

Oil and Gas Contracts

• Oil and Gas Contracting Principles
• Mutual Interest and Exclusivity
• Allowances/Licenses
• Contracts for Services and Work
• Contracts involving more than one party

Supply Chain Management

• Acquisition Best price overview
• Identification and Management of Risk in the Supply Chain
• Developing the Workspace
• Eligible Vendors
• Management of the Supply Chain
• Award and implementation of contracts
• Subornation and corruption

Key Contractual Issues and their Resolution

• Penalty and Performance
• Compensation and Liabilities
• Payment and Pricing
• Force Majeure
• Termination
• Requirements for Local Content

Controlling Contract Efficiency

• Recognizing and Managing Supplier Risk
• Service level agreements (SLAs)
• Indicators of Key Performance
• Changing the Work Scope
• Liability Limitation and Exclusion
• Bonds, Guarantees, and Warranties

Dispute Resolution in the Petroleum Industry

• Damages and Other Reparations
• Negotiation, Compromise, and Resolution
• Third-party disputes
• Arbitration vs. Litigation
• Measures of Enforcement
• Questions and Final Review in the Open Forum

Managing Contractor Efficiency

• Obtaining and maintaining contract performance from suppliers
• Levels of service agreements
• Establishing SMART targets
• Identifying KPIs
• Governance of Contracts
• Why is performance crucial?
• Post-Contract Measures

The Scandinavian Academy for Training and Development employs modern methods in training and skills development, enhancing the efficiency of human resource development. We follow these practices:

• Theoretical Lectures: 
  • We deliver knowledge through advanced presentations such as PowerPoint and visual materials, including videos and short films.
• Scientific Assessment:
  • We evaluate trainees skills before and after the course to ensure their progress.
• Brainstorming and Interaction: 
  • We encourage active participation through brainstorming sessions and applying concepts through role play.
• Practical Cases:
  • We provide practical cases that align with the scientific content and the participants specific needs.
• Examinations: 
  • Tests are conducted at the end of the program to assess knowledge retention.
• Educational Materials:
  • We provide both printed and digital scientific and practical materials to participants.
• Attendance and Final Result Reports:
  • We prepare detailed attendance reports for participants and offer a comprehensive program evaluation.
• Professionals and Experts: 
  • The programs scientific content is prepared by the best professors and trainers in various fields.
• Professional Completion Certificate: 
  • Participants receive a professional completion certificate issued by the Scandinavian Academy for Training and Development in the Kingdom of Sweden, with the option for international authentication.
• Program Timings:
  • Training programs are held from 10:00 AM to 2:00 PM and include coffee break sessions during lectures.

Course Overview

With so much riding on its suppliers, vendors, and distribution networks, the oil and gas industry faces unique risks and complexities that highlight the need for a well-defined strategy for the development and execution of long-term contracts. The ability to streamline all business operations depends on a firm grasp of critical contract governance areas. In today’s volatile regulatory climate, it is essential for energy firms to have a flexible contract management system that can keep up with the demands of a wide range of stakeholders.

Course Objectives

• To learn and understand the legal concepts that apply to oil and gas contracts
• To learn everything there is to know about contracts including licencing, production sharing, and service provision
• To learn about potential risks and use proper contractual clauses to lessen those risks
• To improve the participant’s management and bargaining abilities during transactions
• To recognise, evaluate, and control the most important types of contractual risks
• To oversee the liability and force majeure clauses
• To understand ways to examine important clauses
• To outline the most effective methods of supply chain management
• To gain knowledge of methods for settling international oil and gas conflicts

Personal Benefits

• Gain skills needed to negotiate provisions in oil and gas contracts
• Learn to use well-drafted contract provisions, manage production and commercial risks, and ensure advancement in your career
• Develop the capacity to create a well-thought-out contracting strategy
• Gain familiarity with various contract provisions
• Manage contract term changes and the differences in approach between standard and customised contracts
• Understand various contracting tactics to achieve the organisation’s objectives
• Learn approaches for managing supplier performance
• Learn to examine the most effective methods of dispute settlement
• Improve the capacity to bargain during transactions confidently and successfully