Professional Training

Oil and Gas - Contract Management

LCT International, In London (+2 locations)
Length
5 days
Price
4,250 GBP excl. VAT
Next course start
23 September, 2024 (+4 start dates)
Course delivery
Classroom, Virtual Classroom
Length
5 days
Price
4,250 GBP excl. VAT
Next course start
23 September, 2024 (+4 start dates)
Course delivery
Classroom, Virtual Classroom
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Course description

Oil and Gas - Contract Management

  • Lead and manage procurement processes and contract discussions and negotiations
  • Identify risks that contracts should address
  • Employ contractual tools and techniques to increase competitive advantage
  • Apply typical standard contract terms and conditions
  • Initiate and develop better commercial contracts within their organisation
  • Improve supplier performance through better contracts
  • Plan and manage the resolution of contractual disputes

Upcoming start dates

Choose between 4 start dates

23 September, 2024

  • Classroom
  • London

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  • Classroom
  • United Kingdom

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  • Classroom
  • United Kingdom

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  • Virtual Classroom
  • Online

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 LCT International

We have trained over 25,000 delegates from almost 500 client organisations

Highly qualified and experienced trainers who offer a unique learning experience tailored to you

Endorsed by various organisational and subject specific accrediting bodies

Top 10 Awards

Oil & Gas Badge 2024

Top 10 Winner - 2024

We're delighted to announce that LCT International is a winner in our Top 10 Oil & Gas Courses 2024 category.

Each year, we select the Top 10 most popular courses on our site in some of the most popular categories to make it easier for our users to find the right course for them - so you can book with confidence.

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LCT International
London Corporate Training
3 Shortlands, Hammersmith
W6 8DA London

LCT International - High value, high impact training programmes delivered globally to teams and individuals For almost 30 years we have delivered tangible improvements to organisations by enabling their leaders, managers and professionals to reach their full potential through transformational...

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