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.

• 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

• 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

• 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 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 buffet sessions for light meals during lectures.