Our latest COVID-19 information/status - including self-paced online learning

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 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


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.

You may also be interested in

Previous customers include...

  • Baker Hughes Company Ltd
  • BP Egypt
  • Compressor Controls Corporation
  • Craig Ferguson & Co LLP
  • EBN
  • EBN B.V.
  • Frigstad Offshore Services (Cyprus) Ltd
  • Fugro France
  • Hurricane Energy plc
  • KCA DEUTAG Drilling GmbH
  • Kentz Canada Limted
  • LEWA GmbH
  • LUKOIL Overseas Service B. V. (The Netherlands), acting through its branch in the city of Moscow
  • Maersk Oil North Sea UK Limited
  • Nord Stream 2 AG
  • Offshore Energy Development Corporation Sam
  • Oil Search Ltd
  • PAAP Management Services
  • Petroci Holding
  • Pioneer Natural Resources UK
  • PT Pertamina Drilling Services Indonesia
  • Qatar Petroleum
  • Shell Kashagan Project Team
  • Sonangol EP
  • Subsea 7 (UK Service Co)

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

Lily Cartwright, Premier Oil, Nov 16

Well run and good speakers

Grant Keir, Contracts Analyst, Fairfield Energy Limited, Nov 16

Overall great, some speakers more interesting than others

Thomas GAVORY, Proposals Manager, DORIS Engineering, Nov 15

Generally good

Abbey Ameen, Director , MOBS BUSINESS SOLUTIONS, Nov 15

Course was practical and insightful

olapeju adenuga, Legal Counsel, Subsea 7, Nov 15

Insightful, instructive, professionally organised, good presenter

Roberto Vasini, Sales Manager Europe, Pibiviesse S.r.l., Nov 15

Very satisfied

antoine auboiroux, SBM offshore, Nov 15

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, Nov 14

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, Nov 14

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


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, Nov 14

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

Gavin Howe, Barrister, Crown Office Row Chambers, Jun 14

Excellent course content, very relevant.

Michael Carthy, Onshore Seismic Category Lead, Tullow Group Services, Jun 14

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, Jun 14

Excellent course content, very relevant

Michael Carthy, Onshore Seismic Category Lead, Tullow Group Services, Jun 14