Courses Category: Contract Management
Oil and Gas - Contract Management
Oil and Gas - Contract Management
Address: 3 Shortlands
London
Greater London
W6 8DA
United Kingdom
London
Greater London
W6 8DA
United Kingdom
Description
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
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