Course Details
Your Growth, Our Mission
Course Description
Professionals of the oil and gas industries are more than ever required to know and understand the regulations and practices governing their industry. This requirement extends not just to lawyers, but also geologists seeking out new mining sites, engineers planning the drills, and those responsible for drawing up mining contracts, who all need to know the legal technicalities affecting their industry. However, knowledge of the black letter law is no longer enough; a practical understanding of operations is also a necessity. During this BTS training course, delegates will acquire the fundamentals of international oil and gas contracts, 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. The hands-on practical exercises will give you an understanding of the art of negotiations. Delegates will understand the components of 'the deal', timing, strategies for gaining the upper hand in negotiations, games opponents play, good vs. bad negotiations and the pitfalls of positional bargaining. After attending this course, delegates will be better equipped to negotiate profitably with international companies and governments in order to enforceable agreements that contain terms and conditions most productive for their company. This BTS training course on Complex Negotiation Skills for Oil and Gas is specifically designed for professionals involved internationally in the oil and gas industry, it offers a unique opportunity to rapidly increase your understanding of the legal issues involved in various international scenarios and to improve your techniques and skills in drafting a variety of international contracts.
The Training Course Will Highlight ?
This BTS training course will highlight:
-
- Variety of instrumental (operational) contracts in the upstream sector
- Negotiation techniques and the role of counsel
- Dispute resolution mechanism and how to draft an effective arbitration clause
- Understanding of model service contracts
- Appreciation of international model contracts i.e. AIPN
Training Objective
This BTS training course will highlight:
-
- Variety of instrumental (operational) contracts in the upstream sector
- Negotiation techniques and the role of counsel
- Dispute resolution mechanism and how to draft an effective arbitration clause
- Understanding of model service contracts
- Appreciation of international model contracts i.e. AIPN
Target Audience
This BTS training course is suitable to a wide range of professionals but will greatly benefit:
-
- Commercial and business development managers within national and international oil and gas companies looking to improve their oil and gas contract negotiation skills and overall commercial performance
- Legal advisors involved in negotiating or renegotiating oil and gas contracts
- Government representatives, policy makers, and regulators looking to increase their oil and gas contracts knowledge
- Insurance and risk managers looking to reduce the legal and contracts risks for their companies
- Executives, professionals, and academics looking to increase or specialise in the area of oil and gas contracts
Training Methods
This interactive Training will be highly interactive, with opportunities to advance your opinions and ideas and will include:
-
- Lectures
- Workshop & Work Presentation
- Case Studies and Practical Exercise
- Videos and General Discussions
- pre and post assessments
Daily Agenda
The Legal Framework & Contract Law
-
- The Legal System including sources of law
- Mandatory elements of a legally enforceable contract
- English Contract Law: Contract Formation and Contract Terms and Conditions
- Legal Jargons and Definition of Terms
- English contract Law: interpretation of contract terms
- Rescission
- Damages: Compensatory, Consequential and Incidental Damages, Liquidated
- Specific Performance
- Injunctive Relief
- International Oil & Gas Industry and its Key Players
- Terminologies & Introduction to the oil Industry
Fundamentals of Oil & Gas Contracts
-
- Nature of Ownership in Oil and Gas; The Law of the Sea and Sovereignty over Natural Resources
- Developments of Contractual and Fiscal Arrangements in the Oil and gas Sector
- Structure Used in Regulating the Oil and Gas Industry
- Infrastructure development
- Boundary disputes
- Host country legislation
- Characteristics of oil and gas contracts
- Commercial realities of the oil and gas business
- Drafts and drafting
- Fundamental legal principles
- Cultural and language issues
- Fundamental Legal Principles
- The Essentials of Negotiation
- Types of negotiation
- Issues to be negotiated
- The negotiation processes
- Style, strategy, and tactics
- Persuasion- the role of argument
Agreement with Resource Holders I
-
- Leases
- Service agreements
- Concessions/Licensing
- Agreements Between Co-Ventures (JOA)
- Joint Bidding Agreement (JBA)
- Area of Mutual Interest Agreement (AMI)
- Joint Operating Agreement (JOA)
- Unit Operating Agreements (UOA)
Agreement with Resource Holders II & Agreements with Suppliers and Contractors
-
- Production Sharing Agreements (PSA)
- Key Characteristics of Production Sharing Agreements
- Determining the Structure Style of a PSCs
- Comparisons of Model PSCs
- Agreements with Suppliers and Contractors
- Standardisation of contracts
- International Service Contracts
- LOGIC Standard Contracts (Model Contracts)
- Review of the key LOGIC contractual provisions
- 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 and drafting tips of exercising Force Majeure rights
- Production Sharing Agreements (PSA)
Dispute Resolution & International Arbitration Option in Oil and Gas Contracts
-
- Dispute resolution in oil and gas business
- Preventing costly litigation through effective use of ADR option
- Types of dispute resolution vehicles
- Assessing litigation vs. arbitration options
- Mediation considerations
- Considerations for selecting effective mediators and Arbitrators
- Selecting arbitration and mediation rules of procedure
- Drafting effective dispute resolution clause
Accreditation
-
BTS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration.
Quick Enquiry
Request Info
Related Courses
Your Growth, Our Mission
Contact Us
Contact us to meet all your inquiries and needs, as our professional team is pleased to provide immediate support and advice to ensure you achieve your goals and facilitate your experience with us in the best possible way.
UAE
Office
Mobile
E-mail
Working
Hours