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Oil and Gas - Contract Management

London Corporate Training Ltd
Course summary
1 week
Worldwide
Next available date: Request information - Worldwide
Corporate Training for Teams

Training Course 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

Why choose London Corporate Training Ltd

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

Expenses

The cost of this in-house varies based on number of participants, location and other factors. Request information for a training quote

About provider

London Corporate Training - Professional Training Courses

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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Contact info

London Corporate Training Ltd

London Corporate Training
3 Shortlands, Hammersmith
W6 8DA London

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www.lct.co.uk


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