This highly interactive oil and gas contract training course gives participants valuable insights into how the oil and gas industry operates in the modern era. Oil and gas contracts are the industry's lifeline and form the foundation for the industry to function.
This oil and gas contract training course provides participants with a framework for understanding both host countries' and businesses' rights and obligations, as well as how they are defined and designated in oil and gas contracts. Offers. The legal basis for licenses, production-sharing agreements, and service agreements will be highlighted and discussed to provide you with a thorough understanding of these agreements' legal foundations.
This course also covers industry sales and purchase contracts, as well as shipping contracts. Risk management is critical in the oil and gas industry and must be included in the contract terms.
This course provides a fundamental understanding of the key risk management features included in these contracts. Participants will gain an understanding of investor protection and how to achieve it in the oil and gas industry. This comprehensive oil and gas contract training course offers participants numerous opportunities for interactive discussions, case studies, and discussions on the various legal and regulatory aspects of these contracts.
Participants will have a thorough understanding of the legal foundations of oil and gas contracts used in the oil and gas industry around the world.
Modern aspects of oil and gas contracts
How to manage production and country risks
Key legal and commercial risk management measures
Investor protection by providing legal frameworks
Negotiation tools and tactics
Dispute resolution in cross-border and international contracts
Master and comprehensively understand the legal principles of oil and gas contracts
Understanding in depth licensing, production sharing and service contracts
Identifying the risk factors and managing those risks through effective contractual clauses
Know the relevant legal and regulatory frameworks that are in the oil and gas industry
Learn how to use appropriate contractual clauses in oil and gas contracts
Appreciate the best dispute resolution methods and how it will apply it in different scenarios
In this Oil & Gas Contracts training course, participants will gain greater understanding of the subject matter through presentations by an experienced international practitioner designed to both inform and broaden the perspectives of the participants. Case studies will be reviewed and discussed bearing in mind some of the realistic scenarios participants have encountered. Interactive discussions on problems and possible solutions will be encouraged.
Personnel in the organization will be conversant with oil and gas contracts, licensing and productions rights
Having a full understanding of the fundamental legal principles involved in licensing, production sharing contracts and service contracts
Knowledge of the legal basis for these contracts
Being able to anticipate and deal with issues and ramifications pertinent to energy contracts
Strategizing on risk management techniques that can be used in the Oil and Gas contracts
Senior management knows the options available to enable them to negotiate terms and conditions of oil and gas contracts for upstream and downstream
Obtain the essential skill sets to negotiate oil and gas contracts clauses
Manage production and commercial risks through well-drafted contract clauses
Gain the ability to formulate a comprehensive Thought-out approach to contracting
Demonstrate a professional understanding of apportioning risk and liability between the parties to the oil and gas contracts
Work out a contracting strategy to meet the company’s goals
Customize bespoke contracts suited to the needs of their company
This Contracts for Oil & Gas training course 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.
Legal Managers, Legal Counsel
Commercial and Business Managers
Contracts Administrators, and Managers
Commercial, Financial and Insurance Professionals
Project and General Management
Principal Licensing and Contractual Arrangements
Upstream and Downstream Contracting
Financing in the International Oil & Gas Industry
Specific Risks in Upstream & Downstream Contracts
Sale and Purchase and Transportation Agreements
Contractual Claims and Resultant Disputes
The Role of Negotiation Strategies in Dispute Avoidance under Oil & Gas Contracts
The Modern Concession Contracts
The Production Sharing Contracts
Participation Agreements and Joint Operation Agreements (JOA)
Service Contracts, Pure Service Contracts, Risk Service Contracts
Environmental Impacts in the Context of Protection Policies and Requirements
Regulatory Framework, Institutional Factors, and Infrastructure
Comparative Analysis of the Different Contract Forms
Stabilization Clauses Defined
Typology of Stabilization Clauses
Validity and Efficacy of the Stabilization Clause
Stabilization Clauses and the National and International Law
The Re-negotiability of International Petroleum Agreements: Stability vs. Flexibility
The Triggering Events for Renegotiation
Liabilities & Exclusion and Limitations
Indemnity and Exclusion Clauses: Why the need?
Distinctions and Definitions: Indemnity vs. Exclusion vs. Limitation
Mutual Hold Harmless – The ‘knock for knock’ regime
Forms of Exclusion Clauses (and why it matters) Common Carve-outs
Performance & Penalties
Termination Clauses and Right to Terminate
Force Majeure, Change in Law, and other Disputes
Arbitration & Mediation – Important Differences
Mediation and Conciliation, Adjudication, Dispute Boards - save time and costs
Enforcement of International Arbitration Awards under the New York Convention
Contemporary Developments in Case Law and Legislation
