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

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 industryLearn about joint operating agreements and alliancesUnderstand how to draft agreements for offshore design, engineering and construction workMaster the complex wording around force majeure and frustration and its implicationsGet to grips with how best to deal with disputes in oil and gas contractsUnderstand the differences between law and jurisdiction

Certification:

CPD: 6 hours for your recordsCertificate of completion

Who Should Attend:

In-house lawyersProcurement managersContract managersContract analystsContract engineersContractors and sub-contractorsIncluding those new to the industry and those looking for a refresher course.

Course Agenda:

Essentials of contract law

Contracts and TortsNature of contract law – liability is strict unlike in TortCertainty more important than fairnessUnderstand what you signFundamental breach -v- breach of fundamental obligations

Two kinds of energy contract

Investor contracts: joint ventures and production-sharing agreementsConstruction and service contractsConfidentiality and non-disclosure agreementsExclusivity agreements

Joint operating agreements and alliances

Relationship between the partiesScopeInterest of the partiesThe role of the OperatorRights and duties of the Non-OperatorRisk allocation within JOAPenalties for default

Drafting agreements for offshore design, engineering and construction work

Including EPC contracts (engineer procure construct)Basic features of an EPC contractKey oil and gas specific clausesKey performance clausesPerformance guarantees & liquidated damages

Frustration and Force Majeure in the energy business

Dealing with the unexpected – covid, wars, price rises etcFrustration is the common law doctrine but is very narrow so consider using FM clauses to increase your ability not to be bound by unexpected eventsWording is very important

Dealing with disputes in oil and gas contracts

Choice of methodLitigationArbitrationMediationExpert determinations

Choice of jurisdiction

Contracts can be governed by the law and jurisdiction chosen by the partiesDifference between law and jurisdictionWhy 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