Presented by
Falconbury
Contracts in the Oil and Gas Industry Training Course - Understanding and Drafting Oil and Gas Industry Contracts
This oil and gas industry training course is an intense one-day programme focussing on contracts in the Oil and Gas Industry
31 July 2023
+ 17-18 October 2023, 19 January 2024
from £499
- Format: Live online
- CPD: 6 hours for your records
- Certificate of completion
Course overview
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.
This training course is part of our Commercial Contracts Training Course collection which has been designed for the in-house lawyer.
Why you should attend
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
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.
The Understanding and Drafting Oil and Gas Industry Contracts course will cover:
Introduction
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
Final questions
Scott Styles
University of Aberdeen Law School
Scott C. Styles is senior lecturer at the University of Aberdeen Law School. He is Assistant Editor of Daintith and Willoughby, the leading book on UK oil and gas law. He has many years experience of teaching and researching oil and gas law, with a particular focus on regulatory matters and contracting.
Book Understanding and Drafting Oil and Gas Industry Contracts Live online training
NEW higher discounts for multiple bookings - bring your colleagues to make your training budget go further:
- 30% off the 2nd delegate*
- 40% off the 3rd delegate*
- 50% off the 4th delegate*
Please contact us for pricing if you are interested in booking 5 or more delegates
31 July 2023
Live online
09:00-17:00 UK (London) (UTC+01)
10:00-18:00 Paris (UTC+02)
04:00-12:00 New York (UTC-04)
Course code 12937
- GBP 499 599
- EUR 719 859
- USD 823 979
Until 26 Jun
- 1 day live online training
- Browser-based, no download usually required
- See presenters and interact with fellow attendees
- Download documentation and certification of completion
- Fair transfer and cancellation policy
Not ready to book yet?
for 7 days, no obligation
17-18 October 2023
Live online
13:30-17:00 UK (London) (UTC+01)
14:30-18:00 Paris (UTC+02)
08:30-12:00 New York (UTC-04)
Course code 12939
- GBP 499 599
- EUR 719 859
- USD 823 979
Until 12 Sep
- 6 hours of live online training
- Browser-based, no download usually required
- See presenters and interact with fellow attendees
- Download documentation and certification of completion
- Fair transfer and cancellation policy
Not ready to book yet?
for 7 days, no obligation
19 January 2024
Live online
09:30-17:00 UK (London) (UTC+00)
10:30-18:00 Paris (UTC+01)
04:30-12:00 New York (UTC-05)
Course code 12938
- GBP 499 599
- EUR 719 859
- USD 823 979
Until 15 Dec
- 1 day live online training
- Browser-based, no download usually required
- See presenters and interact with fellow attendees
- Download documentation and certification of completion
- Fair transfer and cancellation policy
Not ready to book yet?
for 7 days, no obligation
* Early booking discounts may not be combined with other discounts or offers. As such, the discounts for 2nd/3rd/4th delegates are based on the full price.
