The 10-Day Oil and Gas Contracts Training

Transcription

1 An Intensive 2-Week Training Course The 10-Day Oil and Gas Contracts Training Mastering Key Liabilities and Issues Nov 2019, Dubai 29-NOV-18 This course is Designed, Developed, and will be Delivered under ISO Quality Standards

2 The 10-Day Oil and Gas Contracts Training Mastering Key Liabilities and Issues WHY CHOOSE THIS TRAINING COURSE? This PetroKnowledge training course will provide participants with comprehensive understanding of the full spectrum of oil and gas contracts. It is a highly interactive training course covering the key legal and commercial aspects of these contracts and the inherent risks in the different types of contracts. Participants will learn how to deal with negotiating, drafting and administrating these contracts in the oil and gas and marine sectors. Further, we will also focus on the pros and cons of the different types of contracts and the suitability of each one for your specific needs. We delve into specific contracts like Production Sharing Contracts (PSC), Licensing and Concessions used in upstream operations and EPCIC (Engineering, Procurement, Construction, Installation & Commissioning) Contracts, EPCM and Alliance contracts used for complex offshore and onshore projects. Understanding the allocation of risk by mastering the ins and outs of these contracts will prove to be a valuable tl in driving effective contracting strategies to minimise risks and liabilities. Further, participants will also enhance their knowledge and raise their awareness of best practices in managing the supply chain process which culminates in the awards of these contracts to the right party. Participants learn to appreciate how best to deal with the ripple effects of a major disasters by lking at case studies like the Deep Water Horizon Macondo Blowout and the lessons learned from that episode. Limiting of liabilities with contractual provisions like knock for knock indemnities and other contractual clauses to mitigate risk exposure in oil and gas contracts. This training course is specifically designed to provide participants with a well-tested and practical guide on: Major types of oil and gas contracts and the key clauses to master Evaluate different contracting strategies and their inherent risks, liabilities and benefits Fully appreciate the legal and commercial risks and how best to manage these risks Appreciating the main aspects of upstream contracts like Production Sharing Contracts, Concessions and Licences Putting EPCIC contracts in the context of the different models of EPC Contracts Comparing the EPC contracts with EPCM and Alliance Contracts and knowing their benefits and disadvantages The challenges of EPCIC lump sum contracts and the ways to manage cost over-runs Structuring the contract to address the issues of the several parties to the contract to ensure a positive project outcome. Pros and Cons of the split EPCIC contract form Insights into the current issues affecting oil and gas contracts like pollution, HSE and local content Best practice in supply chain management International dispute resolution frameworks Negotiation Strategies and Negotiation Techniques to help you become a better negotiator of contracts and contractual claims resolution THE STRUCTURE This comprehensive training course consists of two modules which can be bked as a 10 Day Training event, or as individual, 5 Day courses. Module 1 - Oil & Gas Contracts Module 2 - Contract Management in Offshore & Marine, EPCIC and Shipyard WHAT ARE THE GOALS? By the end of this 10-day training course, participants will: Appreciate the uses of various types of oil and gas contracts Identify, assess and manage key contractual risks Understand fully the EPCIC contracts and assess operational, commercial, legal and financial risks in EPCIC contracts and compare the difference between EPCIC, EPCM and Alliance contracting methods Appreciate the essential elements of the different contract stages from pre to post tender then on to completion and delivery of project Address key issues faced during project lifecycle and how to tackle these through enforceable contractual clauses Avoiding pitfalls and ambiguous contractual terms Evaluate the most appropriate way to dispute resolution Perform more confidently in negotiations

3 Membership No.: WHO IS THIS TRAINING COURSE FOR? This training course is suitable to a wide range of professionals but will greatly benefit Contracts and Procurement Professionals and Project Managers operating in complex offshore and onshore projects both in oil and gas and marine contracts whether at beginner, intermediate or advance levels including: Project and General Management Commercial and Contract Professionals Commercial Operation Professionals Contract Engineers, Administrator and managers Procurement Supply Chain Professionals Risk manager / Contract Risk Professionals Procurement managers and purchasing staff Engineering, operational and maintenance personnel Commercial, financial and insurance professionals HOW WILL THIS TRAINING COURSE BE PRESENTED? Participants will gain greater knowledge through presentations by an experienced international practitioner designed to both educate and challenge. This PetroKnowledge training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes exercises designed to improve and sharpen the skill sets of delegates in planning, negotiating and managing Oil and Gas contracts, through interactive session with case studies, role playing and discussion groups and scenario building. The objective of the interactive sessions is to enable participants to apply the knowledge and understanding gained during the course to certain factual scenarios. This will help participants gain invaluable practical insights into managing the risks and enhancing their rewards and improving bottom lines for their corporations. QUALITY CERTIFICATION Member of Clear Concepts. Clean Environment. The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc. The 10-Day Oil and Gas Contracts Training

4 DAILY AGENDA MODULE 1 OIL & GAS CONTRACTS Day One: Principal Types of Oil and Gas Contracts Principles of Petroleum Law & Industry Concessions/Licences Leases and Rentals Sale, Purchase and Transportation Arrangements Services and Works Agreements Multi-Party Arrangements Day Two: Managing the Supply Chain Process Overview of Procurement Best Practice Developing the Scope of Work Qualifying Suppliers Managing the Supply Chain Contract Award and Execution Bribery and Corruption Day Three: Key Contractual Issues and Their Management Day Four: Managing Contractor Performance 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 Day Five: Dispute Management in the Petroleum Industry Damages and Other Remedies Negotiation, Compromise, Settlement Alternative Third Party Dispute Resolution Litigation or Arbitration? Enforcement Measures Open Forum Questions and Final Review Performance and Penalties Liabilities and Indemnities Pricing and Payment Force Majeure Termination Local Content Requirements The 10-Day Oil and Gas Contracts Training

5 Day Eight: Negotiating Essential Contractual Terms of EPCIC Contracts MODULE 2 CONTRACT MANAGEMENT IN OFFSHORE & MARINE, EPCIC AND SHIPYARD Day Six: EPCIC Overview, Legal Framework & Contract Structure and Risk Allocation Maximising parties rights and interests with appropriate contracting strategy Contractor s single point of responsibility Split contract structures EPCIC aspects in Shipbuilding Contracts for Floaters Chsing the right contract structure for your project The tender process, tender and award. Discussing and analysing different strategies Day Seven: Tender Process Leading to an EPCIC Contract Legal, Technical and Commercial Pre-qualification of tenderers Best practices in tender evaluations and selection of tenderer Important of scope of work and specifications and terms and conditions Exceptions what to accept and what to deny Finalising tender negotiations & Award LOI and LOA essential terms and legal effects Exercise on the selection process and main elements to ensure a successful tender exercise Identifying critical issues in the project life-cycle Managing cost impact clauses like delay, price fluctuations Indemnities and other liabilities, MAC clauses, HSE Changes in Law and regulations in host country & stabilization clauses Political Risk Insurance Force Majeure & Termination for cause and without cause Case study & drafting exercise Issues Faced During Contract Life Cycle by Aligning Contractual Terms to Project Management Managing Crdination Issues Handling Completion Issues Liquidated Damages Dispute Resolution Enforcing of Commencement and Completion Dates Day Nine: Essential Aspects of Risk Management Strategies Design, Technology & Process Risk Procurement & Specification risk Variations and cost impact Payment and multi- currency contracts Delay and liquidated damages Completion and testing & effects of acceptance Using contractual clauses to manage liabilities and risks Day Ten: Contract Completion Critical Issues Acceptance of punch list of defects - what is the effect? Passing of tile and risk - safety & insurance Warranties and Guarantees Passing of Intellectual Property rights Defects - Exculpatory Clauses Dealing with disputes considering the different options Discussion on issues participants have faced and how it was handled

6 The 10-Day Oil and Gas Contracts Training Mastering Key Liabilities and Issues 4 DATE VENUE FEE($) Nov 2019 Dubai - UAE 9,900 This fee is inclusive of Documentation, Lunch and Refreshments Please use BLOCK CAPITALS to fill in this form. It is important that you read carefully through all information before starting to complete the form. REGISTRATION DETAILS Family Name: First Name (Mr./Ms.): Position: Company: Mailing Address: Telephone: Mobile: Fax: AUTHORISATION Authorisation By: Position: Company: Mailing Address: Telephone: Mobile: Fax: BOOKING TERMS & CONDITIONS Bking Bkings for courses can be made via our website (petroknowledge.com) or by contacting our Registration Desk on or at reg@petroknowledge.com For on-line bkings, please select the course that you require and click on the Register Now button, following the instructions step by step Upon receipt of bking in order, enrolment on the respective training course will be confirmed by Registration Team with all necessary documentation Invoicing and Payment Our fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation charges are not included in the course fees Course fees are payable upon bking unless a valid, authorized Purchase Order is provided and accepted Invoices will be sent via /courier to the ID/name and address provided We prefer to have the fees payment in our account before the start of training course. However, if your company has a different payment policy, the same should inform us in advance The currency of fees is in US Dollars (USD). Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the Invoice Please note that we do accept payment by cash, in USD or AED, only for the last minute bkings Cancellation of Courses It may be necessary for PetroKnowledge to amend or cancel any course, course times, instructors, dates or published fees due to unforeseen circumstances and we reserve the right for such changes Any amendments will be advised before the course start date and any bkings already paid in full will not be subject to increased fees Cancellation by Client Once you have completed your bking, received your confirmation of enrolment and a dated payment Invoice, you are deemed to have a contract with PetroKnowledge. You reserve the right to cancel this contract given the below terms All cancellations must be received in writing at reg@petroknowledge.com and info@petroknowledge.com at least 14 days prior to the training After the cancellation period has expired, consideration may be given, on a case to case basis, if a registered delegate nominates a substitute on the same course, shifts to next session of the course or moves to a new course For a cancellation request made on or before the statutory 14 day cancellation period, a refund may be given or a credit note issued which can be used against future course fees A 25% administration fee (of the total course fee at the time of bking) will be charged for any cancellations made outside of the statutory cancellation period Attendance Certificate The daily course schedule should be accurately followed to ensure undeterred implementation of our training All delegates, who participated in their course throughout, will receive the Certificate of Completion on the last day Please report any foreseeable absences to a PetroKnowledge representative or to your sponsors directly An absence of three (3) or more sessions of the course will invalidate your eligibility for the Certificate of Completion OFFICES: Middle East: P.O. Box: , Abu Dhabi, U.A.E. Tel: Europe: AB25 1HF, 1Berry Street Aberdeen, Scotland, UK Tel: USA: Pennzoil Place 700 Milam, Suite North Tower Houston, Texas 77002, USA Tel: E: info@petroknowledge.com Follow us on: