Understanding, Negotiating and Drafting Oil and Gas Industry Contracts

A three-day practical and interactive seminar focusing on best practice in drafting, negotiating and related topics for upstream oil and gas industry contracts

Course will run in London – Venue to be confirmed

Course overview

The accelerated pace of change in the oil and gas industry make this one of the world’s most challenging and complex sectors in which to understand, draft and negotiate contracts.

Falconbury developed this 3-day programme to focus on current best practice and developments in the oil and gas industry. It will serve as either a comprehensive introduction for newcomers or a useful update/refresher for those with experience in the industry.

Who should attend?

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.

Programme at a glance...

Day one

Introduction to the different types of upstream oil and gas agreements

Mergers and acquisition: buying and selling assets – new and emerging markets

Host government rights and concessions

General obligations of the contractor and the company

Offshore rig hire agreements

Debt financing options available to independent O&G companies

A closer look at RBL, given it is the most important source of debt finance

Day two

Practical workshop: Part 1 – Drafting the agreements creating the joint venture relationship

Practical workshop: Part 2 – Drafting the agreements creating the joint venture relationship – key concepts

Understanding contractual liabilities

Drafting contractual guarantees and bonds

Anti-trust issues

Tax issues in oil and gas acquisitions and joint ventures

Offshore environmental laws

Day three

Managing risk

Risk allocation: hold harmless clauses and exclusion clauses in offshore industry

Liquidated damages, penalties, implied terms and cpntract interpretation

Termination clauses and disputes

Handling exits and disputes between the parties

Decommissioning

Continuing professional development

This course qualifies for the following CPD programmes:

  • CPD certificate of attendance: 17.30 hours

Book now

We do not currently have dates confirmed for this course; please contact us to be informed when it is scheduled; or to discuss running this course on an in-house basis for your staff.

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Previous customers include...

  • Bazan Group
  • BW Offshore Ltd
  • Caverton Helicopters Ltd
  • Chevron Al Khalij
  • DORIS Engineering
  • Dr K C Mildwaters Consulting LLP
  • ExxonMobil Central Europe Holding GmbH
  • Fugro Survey BV
  • Gazprom EP International
  • Hunting Energy Services (International) Ltd
  • Ikiebe & Co
  • Kentz Canada Limted
  • Kuwait Petroleum Corporation
  • LEWA GmbH
  • Maersk Oil Qatar AS
  • Oil & Natural Gas Corporation Ltd
  • Petrofac Energy Developments UK Ltd
  • Petroplan
  • PROSERNAT
  • Repsol YPF S.A.
  • Saipem Ltd
  • SBM Inc.
  • Schlumberger Overseas SA
  • Senergy Holdings Limited
  • Shtokman Development AG
  • Slovensky plynárensk priemysel, a s
  • Stanley Black and Decker Limited
  • State Oil Company Suriname NV
  • Tullow Ghana Ltd
  • Winston & Strawn

Generally very good, with some high quality speakers and covered a good range of topics.

Lily Cartwright, , Premier Oil

Well run and good speakers

Grant Keir, Contracts Analyst, Fairfield Energy Limited

Generally good

Abbey Ameen, Director , MOBS BUSINESS SOLUTIONS

Course was practical and insightful

olapeju adenuga, Legal Counsel, Subsea 7

Very satisfied

antoine auboiroux, , SBM offshore

Overall great, some speakers more interesting than others

Thomas GAVORY, Proposals Manager, DORIS Engineering

Insightful, instructive, professionally organised, good presenter

Roberto Vasini, Sales Manager Europe, Pibiviesse S.r.l.

It was good. Personally I acquired some knowledge and better understanding of what goes into oil and gas contracts.

Nancy Amoah, Contracts Advisor - Well Engeering, Tullow Ghana Ltd

Not all areas and sessions were relevant to me, however a background knowledge is an advantage to me in the areas.

Ian George Morrison, Commercial & Contracts Manager, Subsea 7

It's a bit too high level and passive. The presentation touch very interesting topics but there is no time to develop.

Alberto Petracci, Lead Mechanical & Rotating Equip, Single Buoy Moorings Bureau D'Etudes SAM

The presentation and the speakers have been great, but maybe for another course it should be useful to have more workshops and examples.

HELGA VALL PAREJO, CONTRACTS MANAGEMENT, CEPSA E.P. S.A.

Very good content, excellent speakers but too many speakers for the length of the course

Gavin Howe, Barrister, Crown Office Row Chambers

Excellent course content, very relevant

Michael Carthy, Onshore Seismic Category Lead, Tullow Group Services

I believe that it was a good teaching course but it could have been better. I think it focused too much on YOA, PSAs etc whereas it could have focused on the actual contract law.

Daniel Skuza, Procurement Co-ordinator, Senergy Holdings Limited

Excellent course content, very relevant.

Michael Carthy, Onshore Seismic Category Lead, Tullow Group Services

Overall a useful course with knowledgeable speakers

Ciara Watson, Commercial Coordinator, SPD Limited

Content good, speakers in general okay but some dreadful.

Steven Scott, Vice President Eastern Hemisphere, TAM International North Sea

I am very thankful to organizers and speakers for such a productive and interactive course. I really enjoyed to imbibe all the topics presented by very broad-minded and experienced facilitators.

Danara Alzakhmetova, Contracts Specialist, TENGIZCHEVROIL LLP

I would propose to either decrease the number of topics or extend the duration of the course as various issues could be discussed only very briefly. Rob Maguire was the most impressive speaker in my opinion.

Juergen Hesselink, Commercial Analyst Europe, KCA DEUTAG Drilling GmbH

Generally I really enjoyed the course. First time with Falconbury and hopefully I shall be opportune to attend more. The course content was very relevant to my field of trade, hence why I signed up for it. Most of the presenters were great especially Messrs Styles, Maguire and Amison. I do feel that Messrs Swan and Kielstra could have done a better job at their presentations.

Olayinka Ajose, Associate, Advocaat Law Practice

Very good course.

Gadilbek Mursaliyev, Legal Council, Tengizchevroil LLP

Very good, good presenters, good materials and very well run.

Daniel Jankes, Legal Counsel, Hurricane Energy plc

Would not advise others to attend

Clare Meldrum, Project Manager, Oceaneering Multiflex

Good

Nigel Bell, Senior Contract Engineer, CNR International (UK) Ltd

It was a very interesting course, speakers were excellent! Expect for EPC part, everything worked for me.

Mehriban Gafrova, , Subsea 7 (UK Service Co)