Pre-Contract Risk Assessment in the Oil & Gas Industry
Projects & Contracts · 5 Days · Public · Al-Khobraa certified · From USD 3,900
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 in light of Covid-19, many contracts had to be negotiated and/or re-negotiated during Covid-19 and so you will enhance your ability to do so in order to mitigate risk through commercial clauses and to increase profitability.
Learning Objectives
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
Who Should Attend
This training course is suitable to a wide range of professionals but will greatly benefit:
Commercial Managers
Geologists and Engineers
Legal practitioners
Insurance and Risk Managers
Course Outline
Day 1 — The Commercial and Legal Framework
The Legal System & Fundamental legal principles
Mandatory elements of a legally enforceable contract
Contract formation
Terms and conditions
Day 2 — Understanding Common Oil & Gas Upstream Contracts: Tips Post Covid-19
Production Sharing Contracts and similar agreements
Joint Operating Agreements
Farmout/Farmin Agreements
Drilling Contracts
Day 3 — Post Covid-19: Reducing Risk Through Effective Use of Force Majeure Clauses
Understand the purpose and risks this clause is intended to mitigate and the impact of Covid-19
Avoiding common Force Majeure pitfalls
Protect yourself from abuse and misuse of this clause
Mechanics of exercising Force Majeure rights
Day 4 — Avoiding Common Contract Pitfalls & Negotiations
Review boilerplate classes
Issues during and post Covid-19
How to negotiate profitably
Workshop Exercise: Negotiation Case TBA
Day 5 — Dispute Resolution in Oil and Gas Contracts
Issues that must be considered at the pre-contractual phase – drafting tips
What do Al-Khobraa projects and contracts courses cover?
The portfolio covers project management fundamentals and PMP exam preparation, Primavera P6 planning and scheduling, PRINCE2, cost control and earned value, risk management, and contract management from tendering through claims and close-out. Courses use live project scenarios rather than theory alone.
Who should attend a projects and contracts course?
These courses suit project and programme managers, planners and schedulers, project engineers, cost and contract engineers, procurement and commercial staff, and team leaders moving into project delivery roles. PMP preparation additionally assumes documented project experience, which PMI verifies at application.
How long are projects and contracts courses, and where are they held?
Most Al-Khobraa projects and contracts courses run over 5 days. The exact duration, dates and city for this course are listed in the dates section on this page. Public sessions run across Saudi Arabia — Riyadh, Jeddah, Al-Khobar, Jubail and Yanbu — as well as regional and international venues, with live virtual classrooms available on request.
What certificate will I receive?
Delegates who complete the course receive an Al-Khobraa certificate of completion, issued by a Saudi-registered training provider. Al-Khobraa also delivers internationally accredited programmes; where a course carries an external awarding body such as PMI, CIPS, ILM or IOSH, that body is named on the course's own page.
Can projects and contracts training be delivered in-house for our team?
Yes. Any Al-Khobraa projects and contracts course can be delivered in-house at your own premises anywhere in Saudi Arabia or the GCC, with the content, dates and language of delivery tailored to your team. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support. Contact us for a quotation.