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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.

18-19 November 2024
+ 28 March 2025, 1 July 2025, 17 November 2025 »
from £499

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Format: Live online
CPD: 6 hours for your records
Certificate of completion

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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
Hold harmless clauses
Dispute resolution clauses
Contractual guarantees and warranties
Risk identification and allocation
General obligations of the parties
Jurisdictional issues

This training course is part of our Commercial Contracts Training Course collection which has been designed for the in-house lawyer.

Benefits of attending

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?

This course has been specially designed for professionals dealing with oil and gas industry contracts, including:

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.

Enrol or reserve

This 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

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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.

More details

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

18-19 November 2024

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 14061

GBP 499 599
EUR 719 859
USD 823 979

Until 14 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

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Not ready to book yet?

for 7 days, no obligation

28 March 2025

Live online

09:30-17:00 UK (London) (UTC+00)
10:30-18:00 Paris (UTC+01)
05:30-13:00 New York (UTC-04)
Course code 14515

GBP 499 599
EUR 719 859
USD 823 979

Until 21 Feb

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

View basket

Not ready to book yet?

for 7 days, no obligation

1 July 2025

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 14866

GBP 499 599
EUR 719 859
USD 823 979

Until 27 May

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

View basket

Not ready to book yet?

for 7 days, no obligation

17 November 2025

Live online

Course code 15074

GBP 499 599
EUR 719 859
USD 823 979

Until 13 Oct

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

View basket

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; and apply only when booking multiple delegates on the same date.