Course overview
This intensive one-day oil and gas industry training course will bring you up to date on current practice and developments, ensuring you understand not only the content but also the real-world implications of the contracts you work with every day.
In an industry as fast-moving and complex as oil and gas, the legal and regulatory framework governing upstream contracts is constantly evolving. The stakes are high - a poorly drafted clause or overlooked provision can result in significant financial loss, operational delays, or damaging disputes. That’s why it’s critical for lawyers, commercial managers and contracts managers in this sector to be completely confident in their contractual knowledge, and able to anticipate and mitigate risks effectively.
This highly practical training course examines the general contract terms that underpin all oil and gas agreements - terms that may appear standard but can carry significant operational and financial consequences. Through case-based discussion and expert-led guidance, you will gain an in-depth understanding of:
- Contractual liabilities and indemnities - allocating and limiting responsibility effectively
- Hold harmless clauses - managing risk in hazardous environments
- Dispute resolution clauses - protecting commercial relationships while safeguarding your interests
- Contractual guarantees and warranties - ensuring performance and compliance
- Risk identification and allocation - balancing exposure between the parties
- General obligations of the parties - avoiding ambiguity and gaps in responsibility
- Jurisdictional issues - navigating cross-border legal complexities
By the end of the training course, you will have the knowledge and tools to draft, interpret and negotiate these essential provisions with greater precision and confidence, safeguarding your organisation’s position in a challenging and competitive market.
Who should attend?
This training course has been specially designed for professionals dealing with oil and gas industry contracts, including:
- 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
This in-depth training course is for those with some experience of oil and gas contracts but want to expand their knowledge and understanding in this complex area.
CPD Hours: 6
Course Content
- Day 1
- Drafting contracts and interpreting contracts
- Express terms and implied terms
- Risk allocation - part 1: Liquidated damages and penalty clauses
- Risk allocation - part 2: Indemnity and hold harmless clauses
- Contracting with Governments
- Dealing with disputes in oil and gas contracts
- Specific problems encountered when working within different jurisdictions
- Final questions
Speakers
Scott Styles
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.
