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5-Day Training Course

Pre-Contract Risk Assessment in the Oil & Gas Industry

Tips for Negotiation & Renegotiation of Oil & Gas Contracts

Course Overview

Pre-Contract Risk Assessment within the Oil & Gas industry is central. This training course aims to offer a review to common oil and gas contracts with specific emphasis on identifying common contractual pitfalls, many contracts had to be negotiated and/or re-negotiated during a pandemic and so you will enhance your ability to do so in order to mitigate risk through commercial clauses and to increase profitability.

The Pre-Contract Risk Assessment in the Oil & Gas Industry training course offers a thorough analysis to the concept of risk management and the various tools in place to mitigate risk, before discussing the general commercial risks associated with placing contracts within the Oil and Gas Industry. The hands-on practical exercises will give you an understanding of the art of negotiations.

Delegates will understand the components of “the deal”, timing, strategies for gaining the upper hand in negotiations, games opponents play, good vs. bad negotiations and the pitfalls of positional bargaining. After attending this training course, delegates will be better equipped to negotiate profitably with international companies and governments in order to enforceable agreements that contain terms and conditions most productive for their company.

This Energy Training Centre training course will highlight:

  • The interactions of national legal systems in this field and the contractual frameworks
  • The impact of a pandemic on oil and gas business
  • Negotiating contracts profitably post pandemic
  • Understanding boilerplate contractual provisions and the risk associated with these  
  • Arbitration and Alternative Dispute Resolution (ADR) Techniques

Course Objectives

This training course aims to provide an overview of the common boilerplate contractual pitfalls in the oil and gas industry, particularly post pandemic. You will acquire the fundamentals of international oil and gas agreements, along with negotiation techniques and strategies that work in international and multicultural settings. Delegates will also learn how to effectively negotiate in concert with counsel and how to get the terms negotiated incorporated into an enforceable international oil and gas agreement.

At the end of this Pre-Contract Risk Assessment in the Oil & Gas Industry training course, you will learn the following: 

  • Fundamentals of Commercial Contracts
  • Key Players in the International Oil and Gas Industry & the impact of a pandemic
  • Negotiation Techniques and the Role of Counsel, especially post pandemic
  • Key Legal Contractual Risk Management Issues
  • Managing force majeure clauses
  • Analysis of Key Provisions in International Oil & Gas Contracts
  • Standard Form Contracts Used in the Industry including internationally AIPN and in the North Sea LOGIC/CRINE
  • International Dispute Resolution in the Oil and gas business

Training Methodology

This Pre-Contract Risk Assessment in the Oil & Gas Industry training course will provide the participants an ideal opportunity to improve and sharpen their skill sets in planning and reviewing oil and gas contracts within international standards through interactive session with role playing, case studies, discussion groups and scenario building and the high-point of the training course being a simulation exercise of oil and gas contracts negotiation involving interactive role play by the participants. The objective of the interactive role play is to enable participants to apply the knowledge and understanding gained at the workshop to negotiate a more effective oil and gas contracts. This will help participants gain practical insights into managing the risks and enhancing their rewards.

Who Should Attend

This Pre-Contract Risk Assessment in the Oil & Gas Industry training course is suitable to a wide range of professionals but will greatly benefit: 

  • Commercial Managers in the Oil and Gas sector looking to improve their contract negotiation skills and overall commercial performance
  • Geologists and Engineers looking to increase and improve their commercial contracts knowledge
  • Legal practitioners in the Oil and Gas Sector looking to increase their knowledge
  • Insurance and Risk Managers looking to reduce the legal and contracts risks for their companies
  • Academics looking to increase or specialise in the area of Oil and Gas Law
  • Government Departments, Policy Makers and Regulators

Course Curriculum

The Commercial and Legal Framework

  • The Legal System & Fundamental legal principles
  • Mandatory elements of a legally enforceable contract    
  • Contract formation
  • Terms and conditions     
  • Contract terms
  • Interpretation of contract terms

Assessing Available Remedies for Breach of Contract in the Oil and Gas Industry 

  • Rescission
  • Compensatory damages
  • Consequential and incidental damages
  • Liquidated damages
  • Specific performance
  • Injunctive Relief

Avoiding Risk through Contract Termination Clauses: Lessons from the Oil & Gas Industry

  • Common termination clauses
  • Penalty provisions
  • Avoiding common pitfalls

Understanding Common Oil & Gas Upstream Contracts: Tips Post Pandemic

  • Production Sharing Contracts and similar agreements
  • Joint Operating Agreements
  • Farmout/Farm-in Agreements
  • Drilling Contracts
  • Service and Supply Contracts

Post Pandemic: Reducing Risk through Effective Use of Force Majeure Clauses

  • Understand the purpose and risks this clause is intended to mitigate and the impact of a pandemic
  • Avoiding common Force Majeure pitfalls
  • Protect yourself from abuse and misuse of this clause
  • Mechanics of exercising Force Majeure rights

Assessing and Managing Risk in Oil and Gas Contracts

  • Determining and assessing types of risk
  • Prioritizing risk
  • Developing Risk Minimization Strategies

Avoiding Common Contract Pitfalls & Negotiations

  • Review boilerplate classes
  • Issues during and post pandemic
  • How to negotiate profitably
  • Negotiation Case

Insurance & Indemnity in Oil and Gas Contracts

  • Issues that must be considered at the pre-contractual phase
  • Post contract negotiations
  • Examples of various type of indemnity provisions
  • Good practice
  • Contract drafting exercise – Drafting effective indemnity clauses

Dispute Resolution in Oil and Gas Contracts

  • Issues that must be considered at the pre-contractual phase – drafting tips
  • Types of dispute resolution vehicles: Negotiation, arbitration, mediation, litigation, expert determination
  • Importance of the dispute resolution clause
  • Framing the dispute resolution clause
  • Ad hoc dispute resolution agreements

Certificates Awarded

Certificate of Completion

After successfully completing this training course, participants will be awarded The Energy Training Centre Certificate of Completion — a respected validation of their dedication to continuous learning and professional excellence. This certificate signifies that participants have gained the essential knowledge and skills required to make a measurable impact in their field.

Upcoming Sessions
London, UK
Istanbul, Turkey
London, UK

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Frequently Asked Questions

Our training courses are conducted at partnered hotels located within the specified training areas. Please note that venue assignments may vary based on availability. For the most current information, do not hesitate to contact us at [email protected].

Yes, we do. We provide tailored training courses designed to meet the specific requirement of larger group of individuals. These customized training courses can be conducted both classroom and online formats, allowing you the flexibility to choose you preferred dates and duration.

Please contact us at [email protected] to discuss your group’s training needs, and we’ll work with you to create a personalized training course that aligns with your objectives.

Upon successful completion of the training course, you will receive The Energy Training Centre Certificate of Completion with corresponding learning hours.

Yes, special discounts are available upon request if you have more than one registrant for a course. For further information please email us at [email protected]

We offer two convenient payment options:

  • Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
  • Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.

Upon receiving your registration details, either via email at [email protected] or through our online registration form, we will send you the following by email within 24-48 hours of registration.

  • Joining Instructions
  • Invoice/receipt (where appropriate)

There are two convenient options to register for a training course:

  • Online Registration Form – Register for your desired training course by completing the online registration form available on our website. Simple click on the registration button or select your preferred dates and provide the requested information.
  • Email Registration – You can email us your intention to register at [email protected]. Our team will guide you through the registration process and provide assistance you may need.

We understand that time zones may be different between our Senior Consultants and our delegates. Our standard online course timings (11:00 AM to 4:00 PM, GMT+4 – Dubai, UAE) may be adjusted upon confirming the programme. Our team shall communicate between the confirmed registered delegates and suggest a suitable course timing for all.

Our standard course duration for our classroom programmes is 6 hours per day while our online session is 5 hours per day.

Our training courses span across diverse industries, encompassing sectors such as but not limited to:

  • Power & Utilities
  • Oil & Gas
  • Financial Institutions
  • Government and Regulatory bodies
  • Manufacturing & Production Industry

Our commitment lies in continuously refining and expanding our training course offerings to align with evolving industry landscapes. We encourage individuals to explore our website or engage with our dedicated support team for the latest information on available courses, ensuring access to the most pertinent and current educational resources.

Yes, The Energy Training Centre is certified and recognized by several prominent industry standards. Specifically, it holds certifications from ILM, Continuing Professional Development (CPD), and the Project Management Institute (PMI).

  • ILM (ID# 002398B) – This certification indicates that our training programmes meet high standards for leadership and management development, ensuring that they are designed to enhance participants’ skills in these critical areas.
  • Continuing Professional Development (CPD) – Our recognition by CPD reflects our commitment to providing educational opportunities that support ongoing professional growth and skill enhancement. This accreditation ensures that our training courses are relevant and effective for professionals seeking to advance their careers.
  • Project Management Institute (PMI) – Being recognized by PMI signifies that our training programmes align with industry best practices in project management. This certification assures participants that our offerings are in line with the standards required for effective project management and are valuable for those pursuing or maintaining PMI credentials.

These certifications underscore our dedication to providing high-quality, industry-relevant training that fosters professional growth and meets established standards. Additionally, we are actively pursuing further certifications and affiliations to enhance our offerings and ensure we remain at the forefront of industry best practices.

About Energy Training Centre

Energy Training Centre is a leading provider of professional development programs for the energy and public sectors. With over 15 years of experience, we have trained more than 50,000 professionals across the Middle East and beyond.

Our expert-led courses are designed to meet the evolving needs of modern organizations, combining theoretical knowledge with practical applications that deliver immediate value to your career and organization.

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