By the end of this training course, participants should be able to:

• 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 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
• Engineers looking to increase and improve their commercial contract knowledge
• Legal practitioners in the Oil and Gas Sector looking to increase their knowledge
• Insurance and Risk Managers looking to reduce the legal and contract risks for their companies
• Academics looking to increase or specialize in the area of Oil and Gas Law
• Government Departments, Policy Makers and Regulators

Participants will increase competencies through a variety of instructional methods including lectures by an experienced practitioner and consultant, exercises, and group discussions covering current practices and their relationship to the implementation of new concepts.

Module One:
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

Module Two:
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

Module Three:
Reducing Risk through Effective Use of Force Majeure Clauses
• Understand the purpose and risks this clause is intended to mitigate
• 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

Module Four:
Avoiding Common Contract Pitfalls & Negotiations
• Review boilerplate classes
• 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

Module Five:
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.