This BTS training course will highlight:

• The interactions of national legal systems in this field and the contractual frameworks
• The impact of COVID-19 on oil and gas business
• Negotiating contracts profitably post COVID-19
• Understanding boilerplate contractual provisions and the risk associated with these
• Arbitration and Alternative Dispute Resolution (ADR) Techniques

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 for 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 specialize in the area of Oil and Gas Law
• Government Departments, Policy Makers, and Regulators

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     
• 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

DAY 2

Understanding Common Oil & Gas Upstream Contracts: Tips Post COVID-19

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

Assessing and Managing Risk in Oil and Gas Contracts

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

DAY 4 

Avoiding Common Contract Pitfalls & Negotiations

• Review boilerplate classes
• Issues during and post COVID-19
• 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

DAY 5 

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

BTS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration.