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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.

10 May 2024
+ 23 July 2024, 18-19 November 2024 »

from £499

Need help?  Enrol or reserve

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

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

Enrol or reserve

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

10 May 2024

Live online

09:30-17:00 UK (London) (UTC+01)
10:30-18:00 Paris (UTC+02)
04:30-12:00 New York (UTC-04)
Course code 13690

  • GBP 599
  • EUR 859
  • USD 979

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Not ready to book yet?

for 7 days, no obligation

23 July 2024

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 13866

  • GBP 499 599
  • EUR 719 859
  • USD 823 979

Until 18 Jun

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Not ready to book yet?

for 7 days, no obligation

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

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.

Ghana

  • Ghana National Petroleum Corporation

Malaysia

  • Bumi Armada

Enrol or reserve

Multiple colleagues? See above for details of our discounts for 2, 3, or 4 delegates. For more, talk to one of our training experts to discuss how to:

Run this course conveniently and cost-effectively in-house for your staff and colleagues

Aleksandra Beer

Aleksandra BEER
Training expert

Yesim Nurko

Yesim NURKO
Training expert

+44 (0)20 7749 4749

inhouse@ipi.academy