Presented by
Falconbury
Advanced Understanding and Drafting Oil and Gas Industry Contracts Training Course
This intensive one-day oil and gas industry contracts training course will bring you up to date on current practice and developments in upstream oil and gas contracts.
1 August 2023
+ 20-21 November 2023, 23 February 2024
from £499
- Format: Live online
- CPD: 6 hours for your records
- Certificate of completion
Course overview
This intensive one-day oil and gas industry training course will bring you up to date on current practice and developments, and ensure you understand the implications of the contracts you are working with.
The oil and gas industry is fast-moving and complex, and the legal and regulatory framework of upstream oil industry contracts is constantly changing. It’s critical that all lawyers, commercial and contracts managers working in this sector are up-to-speed with latest contractual developments and their implications.
This training course focuses on general contract terms – terms which are common to all types of agreements and have an enormous impact – including contractual liabilities and indemnities and hold harmless clauses, dispute resolution clauses, contractual guarantees and warranties, risk identification and allocation, general obligations of the parties, and jurisdictional issues.
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 course you will:
- Understand the mindset of the English Judiciary in relation to these complex contracts
- Learn about the potential consequences of implied terms
- Get to grips with the differences between indemnity, exclusion, and limitation of liability clauses
- Master the intricacies of hold harmless clauses
- Gain insights into bilateral and multilateral investment treaties
- Understand the problems encountered when working in different jurisdictions
- Familiarise yourself with the methods of dealing with contract disputes
Who should attend?
- In-house lawyers
- Procurement managers
- Contract managers
- Contract analysts
- Contract engineers representing international petroleum companies
- Contractors and sub-contractors to the petroleum industry together with host governments
This in-depth course is for those with some experience of oil and gas contracts but want to expand their knowledge and understanding in this complex area.
The Advanced Understanding and Drafting Oil and Gas Industry Contracts course will cover:
Introduction
- Overview of the course
Drafting contracts and interpreting contracts
- Contracts set out the mutual promises of the parties
- Understanding the mindset of the English Judiciary
- Principles of interpretation
- Drafting to withstand judicial scrutiny
Express terms and implied terms
- How to set out what you want
- Beware the potential consequences of the implied term!
Risk allocation - part 1: Liquidated damages and penalty clauses
- Liquidated damages - definition and drafting
- Delay liquidated damages and performance liquidated damages
- Performance guarantees
- Key performance clauses
Risk allocation - part 2: Indemnity and hold harmless clauses
- Indemnity – why the need?
- Distinction between indemnity clauses and exclusion clauses and limitation of liability clauses
- Distinction between indemnity and guarantee
- Simple indemnity and mutual indemnity
- Importance of drafting – judicial suspicion
- UKCS Mutual Hold Harmless Regime
Contracting with Governments
- Host government rights and obligations
- Political risks
- Sovereign immunity
- Stabilization clauses in international petroleum contracts
- Bilateral and multilateral investment treaties
- The importance and implications of international arbitration clauses
- Assistance, consents
- Local content requirements
Dealing with disputes in oil and gas contracts
- Choice of method
- Litigation
- Arbitration
- Mediation
- Expert determinations
Specific problems encountered when working within different jurisdictions
- Applicable laws
- Host government petroleum regimes
- Host government contracts
- International practice
- Anti-corruption regulations
- Changes in law
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 Advanced 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
1 August 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 12941
- GBP 499 599
- EUR 719 859
- USD 823 979
Until 27 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
20-21 November 2023
Live online
13:30-17:00 UK (London) (UTC+00)
14:30-18:00 Paris (UTC+01)
08:30-12:00 New York (UTC-05)
Course code 12942
- GBP 499 599
- EUR 719 859
- USD 823 979
Until 16 Oct
- 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
23 February 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 12943
- GBP 499 599
- EUR 719 859
- USD 823 979
Until 19 Jan
- 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.
