Pre-Contract Risk Assessment in the Oil & Gas Industry

This interactive 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.

This training course aims to provide an overview of the common boilerplate contractual pitfalls in the oil and gas industry, particularly post COVID-19. 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 training course, you will learn the following: 

• Fundamentals of Commercial Contracts
• Key Players in the International Oil and Gas Industry & the impact of COVID-19
• Negotiation Techniques and the Role of Counsel, especially post COVID-19
• 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

This 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

Organisational Impact

For professionals involved nationally and internationally in the oil and gas industry, this training course offers a unique opportunity to rapidly increase your understanding of the related contracts and to improve your negotiation techniques and skills in drafting a variety of related contracts.

Therefore, your organisation will benefit from this training course by:

• Gaining expertise and improving knowledge and skill sets of personnel dealing with areas of legal risks in handling oil and gas contracts.
• Through various workshops and exercises, ability to appreciate and understand the current international practices in oil and gas contracts
• How mitigate risks in oil and gas contracts
• Enhancing contract personnel negotiation skills
• International Dispute Resolution in the Oil and gas business

Personal Impact

Attendees will gain the following benefits:

• A unique opportunity to rapidly increase your understanding of the international practices relevant to oil and gas contracts
• Improving your negotiation techniques and skills in drafting a variety of related oil and gas contracts
• Insurance and Claims in the oil and gas industry
• Managing and mitigating legal risks associated with oil and gas contracts
• Choosing most appropriate form of dispute resolution and how to draft a suitable ADR clause