Masterclass > Oil & Gas Contracts
Oil & Gas Contracts
Overview
Benefits
Who Should Attend
Overview
With the increasing number of oil & gas cross-border transactions, understanding how to negotiate, draft and interpret the terms of international business agreements plays a vital role in achieving successful deals. In
particular this can also be the first step in order to avoid long and ruinous disputes, and subsequent expensive and complex litigation and arbitration proceedings.
This practical course will first examine the principles of international contract law, with specific reference to the oil & gas industry, using as a basis some standard of EPC Engineering Procurement and Construction Agreement, PSA production-sharing Agreement, License-Concession Agreement, Joint- Venture Agreement, and more in general exploring today’s internationally accepted commercial contracts principles. It will investigate the single issues of the contracts in order to understand in detail what it is typical of the oil & gas
industry and how to negotiate efficiently any of their material issues. It will include best practice tools, tips and techniques on all key elements that are essential when drafting, negotiating and interpreting oil & gas and international contracts.
The course will also cover both theoretical and practical aspects of the management of oil & gas disputes. It will investigate how to prevent litigation and the ADR (Alternative Dispute Resolution) processes, including the early neutral evaluation and expert determination. This course will also discuss the pros and cons of addressing a dispute to “special courts” such as DIFC Dubai International Finance Centre courts and SICC Singapore International Commercial Court, which is growing visibility and importance in today’s litigation world.
Benefits
- Gain insights into the way oil companies and contractors view and negotiate oil&gas agreements.
- Know the specialized concepts and terminology related to oil & gas
- contracts and with the specific English legal language.
- Understand the single details of the typical oil & gas contracts, in order to
- know how to address and negotiate efficiently any of their material issues.
- Acquire skills and techniques to negotiate these contracts and find the best
- and most efficient way to solve any potential and actual dispute.
- Get a clear understanding of the ADR Alternative Dispute Resolution
- processes, how they work and how they can be implemented successfully.
- Understand the basic elements of international and domestic arbitration,
- including doctrine and materials from international practice, cases and
- awards.
- Be entirely familiar with the steps of arbitration proceedings and how inhouse
- counsel and other party representatives can contribute to successfully manage a case.
- Discuss the increasing role of “special courts” such as DIFC Dubai
- International Finance Centre courts and SICC Singapore International
- Commercial Court.
Who Should Attend
- Contract Negotiators / Commercial
- Managers
- Government Officials and Regulators
- Project Contract Negotiators / Commercial Managers
- Project Owners / Sponsors
- Senior Engineering & Project Managers
- Operation Managers
- Gas sales and marketing executives
- Financial Controllers
- Strategists, planners and analysts