Objectives 

• 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

WHO ATTEND THIS COURSE

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.

This training course 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

OUTLINE

Principal Types of Oil and Gas Contracts

Competency Description: As a player in this dynamic industry, you need to gain an understanding of the different nature and types of oil and gas contracts.

Key behaviours

• Understand the nature of the petroleum industry
• Distinguish between the different fiscal arrangements
• Appreciate the key elements of oil and gas contracts

Topics to be covered

• Principles of Petroleum Law and Industry
• Exclusivity, Mutual Interest and Confidentiality
• Concessions/Licences
• Leases and Rentals
• Services and Works Agreements
• Multi-Party Contracts

Managing the Supply Chain Process

Competency Description: Effective management of the procurement process is a pre-requisite to value for money contracting.  You need to gain an understanding of each key element fundamental to its success.

Key behaviours

• Appraise the most appropriate way to harness market interest
• Understand the supply chain market and environment
• Appreciate the role of supplier relationship management

Topics to be covered

• Overview of Procurement Best Practice
• Developing the Scope of Work
• Qualifying Suppliers
• Managing the Supply Chain
• Contract Award and Execution
• Bribery and Corruption

Key Contractual Issues and Their Management

Competency Description: All organisations face risks: it is essential that you have a good understanding of the key areas in which risks can be managed through the contract.

Key behaviours

• Identify principal contractual issues
• Appraise how key issues can be managed
• Understand risks of local content requirements

Topics to be covered

• Performance and Penalties
• Liabilities and Indemnities
• Pricing and Payment
• Force Majeure
• Termination
• Local Content Requirements

Managing Contractor Performance

Competency Description: To ensure your suppliers deliver optimum performance, you also need to be able to assess and manage that performance.

Key behaviours

• Identify potential exposure to supplier risks
• Create a climate for long term relationships
• Distinguish different ways of enforcing performance

Topics to be covered

• 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

Dispute Management in the Petroleum Industry

Competency Description: To manage claims and disputes, you need to understand the options available to you to minimise cost, time and reputational risk to your organisation.

Key behaviours

• Identify your options when disputes arise
• Enhance your negotiation skills
• Distinguish between informal and formal dispute resolution

Topics to be covered

• Damages and Other Remedies
• Negotiation, Compromise, Settlement
• Alternative Third Party Dispute Resolution
• Litigation or Arbitration?
• Enforcement Measures
• Open Forum – Questions and Final Review

Certificates

A Certificate of Completion will be issued to those who attend & successfully complete the programme.

Schedule

  08:30 – 10:15 First Session

 10:15 – 10:30 Coffee Break

10:30 – 12:15 Second Session

 12:15 – 12:30 Coffee Break

12:30 – 14:00 Third Session

 14:00 – 15:00 Lunch

 Fees

 The Fee for the seminar, including instruction materials, documentation, lunch, coffee/tea breaks & snack is: