Advanced Understanding And Drafting Oil And Gas Industry Contracts Training Course


(MENAFN- GlobeNewsWire - Nasdaq) Dublin, June 18, 2024 (GLOBE NEWSWIRE) -- The "Advanced Understanding and Drafting Oil and gas industry Contracts Training Course" training has been added to ResearchAndMarkets.com's offering.

This intensive one-day oil and gas industry training course will bring you up to date on current practice and developments, and ensure you understand the implications of the contracts you are working with.

The oil and gas industry is fast-moving and complex, and the legal and regulatory framework of upstream oil industry contracts is constantly changing. It's critical that all lawyers, commercial and contracts managers working in this sector are up-to-speed with latest contractual developments and their implications.

This training course focuses on general contract terms - terms which are common to all types of agreements and have an enormous impact - including contractual liabilities and indemnities and hold harmless clauses, dispute resolution clauses, contractual guarantees and warranties, risk identification and allocation, general obligations of the parties, and jurisdictional issues.

Why you should attend

By attending this course you will:

  • Understand the mindset of the English Judiciary in relation to these complex contracts
  • Learn about the potential consequences of implied terms
  • Get to grips w ith the differences between indemnity, exclusion, and limitation of liability clauses
  • Master the intricacies of hold harmless clauses
  • Gain insights into bilateral and multilateral investment treaties
  • Understand the problems encountered when working in different jurisdictions
  • Familiarise yourself with the methods of dealing with contract disputes

Certification:

  • CPD: 6 hours for your records
  • Certificate of completion

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

Key Topics Covered:

This course runs from 13:30-17:00

Introduction

  • Overview of the course

Drafting contracts and interpreting contracts

  • Contracts set out the mutual promises of the parties
  • Understanding the mindset of the English Judiciary
  • Principles of interpretation
  • Drafting to withstand judicial scrutiny

Express terms and implied terms

  • How to set out what you want
  • Beware the potential consequences of the implied term!

Risk allocation - part 1: Liquidated damages and penalty clauses

  • Liquidated damages - definition and drafting
  • Delay liquidated damages and performance liquidated damages
  • Performance guarantees
  • Key performance clauses

Risk allocation - part 2: Indemnity and hold harmless clauses

  • Indemnity - why the need?
  • Distinction between indemnity clauses and exclusion clauses and limitation of liability clauses
  • Distinction between indemnity and guarantee
  • Simple indemnity and mutual indemnity
  • Importance of drafting - judicial suspicion
  • UKCS Mutual Hold Harmless Regime

Contracting with Governments

  • Host government rights and obligations
  • Political risks
  • Sovereign immunity
  • Stabilization clauses in international petroleum contracts
  • Bilateral and multilateral investment treaties
  • The importance and implications of international arbitration clauses
    • Assistance, consents
    • Local content requirements

Dealing with disputes in oil and gas contracts

  • Choice of method
  • Litigation
  • Arbitration
  • Mediation
  • Expert determinations

Specific problems encountered when working within different jurisdictions

  • Applicable laws
  • Host government petroleum regimes
  • Host government contracts
  • International practice
  • Anti-corruption regulations
  • Changes in law

Final questions

Speakers:
Scott Styles
University of Aberdeen Law School
Scott C. Styles is senior lecturer at the University of Aberdeen Law School. He is Assistant Editor of Daintith and Willoughby, the leading book on UK oil and gas law. He has many years experience of teaching and researching oil and gas law, with a particular focus on regulatory matters and contracting.
For more information about this training visit

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