Contracts in the Oil and Gas Industry 1 Day Training Course - Understanding and Drafting Oil and Gas Industry Contracts

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Mar 13, 2024, 22:00 ET

DUBLIN, March 13, 2024 /PRNewswire/ -- The "Contracts in the Oil and Gas Industry Training Course - Understanding and Drafting Oil and Gas Industry Contracts" has been added to ResearchAndMarkets.com's offering.

The accelerated pace of change in the oil and gas industry makes this one of the world's most challenging and complex sectors in which to understand, draft and negotiate contracts.

This intense one-day oil & gas industry training course focuses on understanding and drafting contracts related to this complex industry. It will serve as either an in-depth introduction for newcomers or a useful update/refresher for those with some experience in the industry.

By attending this one-day training course you will:

Gain knowledge of agreements that are in common use in the upstream oil and gas industry
Learn about joint operating agreements and alliances
Understand how to draft agreements for offshore design, engineering and construction work
Master the complex wording around force majeure and frustration and its implications
Get to grips with how best to deal with disputes in oil and gas contracts
Understand the differences between law and jurisdiction

Certification:

CPD: 6 hours for your records
Certificate of completion

Who Should Attend:

In-house lawyers
Procurement managers
Contract managers
Contract analysts
Contract engineers
Contractors and sub-contractors
Including those new to the industry and those looking for a refresher course.

Course Agenda:

Essentials of contract law

Contracts and Torts
Nature of contract law - liability is strict unlike in Tort
Certainty more important than fairness
Understand what you sign
Fundamental breach -v- breach of fundamental obligations

Two kinds of energy contract

Investor contracts: joint ventures and production-sharing agreements
Construction and service contracts
Confidentiality and non-disclosure agreements
Exclusivity agreements

Joint operating agreements and alliances

Relationship between the parties
- Scope
- Interest of the parties
- The role of the Operator
- Rights and duties of the Non-Operator
Risk allocation within JOA
- Penalties for default

Drafting agreements for offshore design, engineering and construction work

Including EPC contracts (engineer procure construct)
Basic features of an EPC contract
Key oil and gas specific clauses
Key performance clauses
Performance guarantees & liquidated damages

Frustration and Force Majeure in the energy business

Dealing with the unexpected - covid, wars, price rises etc
Frustration is the common law doctrine but is very narrow so consider using FM clauses to increase your ability not to be bound by unexpected events
Wording is very important

Dealing with disputes in oil and gas contracts

Choice of method
Litigation
Arbitration
Mediation
Expert determinations

Choice of jurisdiction

Contracts can be governed by the law and jurisdiction chosen by the parties
Difference between law and jurisdiction
Why English Law is the preferred jurisdiction for global commerce, including energy

For more information about this training visit https://www.researchandmarkets.com/r/7itnij

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SOURCE Research and Markets