Oil and Gas - Contract Management

London Corporate Training
Training overview
Corporate / Group Training
On-site
1 week

Start dates
Worldwide
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COVID-19 Update

This provider offers an online version of their classroom courses

This provider has changed its terms and conditions to allow for rebooking/an amended cancellation policy in light of COVID-19

Training content

This Oil and Gas - Contract Management course will cover:

Managing the Purchasing Process

  • Overview of purchasing best practice
  • Creating interest from the market in your opportunity
  • The statement of work for an oil services contract
  • Results-based purchasing techniques
  • Evaluating supplier proposals
  • Is the lowest cost technically compliant bid the right one to choose?
  • Moving from bid to contract award

Petroleum industry contracts

  • Formation of the contract
  • Express and Implied terms
  • Typical features of exploration and production contracts and contracts for the supply of oil-related services
  • 'Local content' contract requirements
  • Knock for Knock Liability considered
  • Anti-corruption measures in petroleum industry contracts
  • Case study exercises using oil contract examples

Managing contractor performance

  • Identifying and managing supplier risk
  • Getting and maintaining supplier contract performance
  • Service level agreements
  • Setting SMART objectives
  • Key performance indicators
  • Contract governance; managing contractual variations
  • Why performance is Important and who is involved?
  • Post contract closure action

Dispute resolution in the petroleum industry

  • Contract breaches and remedies
  • Termination of contract
  • Should we litigate?
  • Using arbitration, mediation or conciliation as means to resolve contractual disputes
  • Strengths and weaknesses of ADR as an alternative to litigation
  • Dispute resolution scenario

Contract negotiation skills and practice in a petroleum industry context

  • Preparing for the negotiation
  • Understanding the position of the other side
  • Negotiation roles and tactics
  • Reaching an agreement
  • Knowing your BATNA - what happens if the negotiation fails
  • Negotiation role play

Costs

Please contact us for more information on pricing.

Why choose London Corporate Training?

We have trained over 2,500 delegates from almost 600 client organisations

Complimentary Heathrow transfer (one-way)

Endorsed by various organisational and subject specific accrediting bodies

About London Corporate Training

London Corporate Training (LCT)

London Corporate Training have been established in the education, consulting and training industries for two decades. They work as a training team from their head office in London and aim to ensure all of their course participants receive the highest...


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