This highly interactive 5 days course will cover all the aspects and form the basis of binding obligations within the oil and gas industry.
Delegates will get an unprecedented insight on how the world’s leading oil and gas companies are handling their contracting challenges, the approach that best practice corporations are implementing and the way this affects the contract professionals.
Using a combination of lectures, visuals, class discussions and real-life case studies, this course will present a logical and systematic approach to effective contract risk management.
1. Supported By
PETROSYNC’S LEGAL SERIES
Mastering the Practical Approach to Managing Oil and Gas Contracts
2 November—6 November 2015
Kuala Lumpur, Malaysia
OIL&GASCONTRACT
MANAGEMENT:PRINCIPLES&
PRACTICES
2. 2
Our Oil and Gas Contract Management course is developed to help you effectively manage the
terms and clauses in the contract through mastering the practical approach from assessing
risks, negotiating and renegotiating, to managing contract to avoid disputes.
LEGAL | OIL AND GAS CONTRACT MANAGEMENT: PRINCIPLES & PRACTICES
How Does This Course Benefits You?
Are your contracts prepare for the current market?
Do you know that the risks have been changed by the
current oil price and challenges in the economy ?
Minimize Contract Risks
Learn and apply current best practices and techniques for defining and managing contract risk
to minimize risks in terms of financial and operational.
Attain Better Position
Identify the best time and strategy to negotiate or renegotiate the current contract according
to the recent trends in O&G industry.
Avoid and Mitigate Disputes
Avoid disputes in oil and gas contracts through effective contract management for different
types of contracts and mitigate disputes by resolution mechanism to maintain long term
business relationship.
Gain or Loss Negotiating Power?
Can you renegotiate rates on the basis of the current
market chaos ?
Oil & Gas contracts are often complicated and high-risks across
different phases of exploration and production. It is essential for
the companies to be well-equipped from the stage of pre-
awarding and throughout the lifecycle of contract.
general@petrosync.com | +65 6451 4500 | www.petrosync.com
Course Overview
Prepare for Market Uncertainties
This course focuses on reviewing and reassessing the risks and challenges in the current
contract and considering negotiations and renegotiations to ensure the contract is suitable to
the current trends in market, such as oil price fluctuation.
Includes Real Case Studies and Practical Exercises
Different types of case examples of Oil and Gas contracts are included to allow delegates to
study on existing types of contract and how to manage them effectively during several
workshop sessions.
You will also learn about international and cross-cultural contracting issues before entering
contract to avoid contractual disputes. In addition to that, you will also be able to enhance
your skills by practicing different approaches in contract management for different types of
contract in each session.
3. 3
LEGAL | OIL AND GAS CONTRACT MANAGEMENT: PRINCIPLES & PRACTICES
PetroSync Distinguished Instructor
Who Needs This
Practical & Consulting
Over 20 years of oil and gas commercial and procurement
contract experience which assisted clients through all stages of
contracting, negotiation, strategic sourcing and bidding
process, and contract management, demonstrating savings
more than $100 million. He was a contract attorney for a
Fortune 500 petrochemical corporation and was responsible for
legal and negotiations support to the procurement staff.
Training
He has taught this program for 4 years, and it has been well-
rated from the past attendees. He has also served as seminar
instructor in topics like sourcing, contracting, law and
negotiations.
Jim Bergman
Vice President
Asia Pacific and Middle
East IACCM
People involved in oil and gas contract—drafting, negotiating, monitoring and reviewing
contracts.
People involved in assessing, defining and managing risks in oil and gas contracts
Job Titles Include:
Contract Lawyers, Attorney
Contract Managers, Executives
Contract Negotiators
Project Managers, Executives,
Directors, Leaders
XXX
Sales Contract Professionals
Commercial Managers, Executives
Team Leaders
Supervisors, Contractors
Risk Managers, Executives
PetroSync Inhouse Solutions
PetroSync can tailor our courses to meet your specific
needs at your preferred location and schedule. Contact us
for more information at +65 6415 4500 or email to
general @petrosync.com
PetroSync Quality Assurance
All PetroSync courses are developed with top quality to
address all your training needs and purposes. Our courses
are vetted strictly to ensure that we always deliver the best
courses with the best industry expert.
general@petrosync.com | +65 6451 4500 | www.petrosync.com
08:00—09:00 Registration (Day 1) 13:00—14:00 Lunch
09:00—11:00 Session I 14:00—15:30 Session III
11:00—11.15 Refreshment Session I 15:30—15:45 Refreshment Session II
11:15—13:00 Session II 15:45—17:00 Session Iv (Last Session)
Course Schedule
BP
Shell
Petronas
ExxonMobil
Talisman Malaysia
Petrofac
PTTEP
PT. Pertamina
Clientele List & Past Attendees List
4. 4
LEGAL | OIL AND GAS CONTRACT MANAGEMENT: PRINCIPLES & PRACTICES
Course Agenda — 5 Days
general@petrosync.com | +65 6451 4500 | www.petrosync.com
MODULE 1
Contract Risks in the Oil and Gas and Petrochemical Industry
Assess how the risks have been changed by the current oil
price and the challenges in the economy
Are your contracts prepared for the market risks?
Commercial contracting trends in the oil industry
Are your contracts current? Initiate a contract review
process.
MODULE 3
Contract Disputes
Determine the best course of action through applied risk
assessment
Consider your termination rights and the consequences
for your operations
Look for alternatives in penalty clauses and rights of
release clauses
Enforcing clear language in unclear circumstances
MODULE 5
Contract Negotiation Considerations
Can oil and gas enterprises renegotiate rates on the basis
of the current market chaos?
Cost analysis models in contract negotiations—
petrochemical sector issues and opportunities
Understand where the balance of power lies between
operators and contractors
Have you gained or lost negotiating power due to recent
trends in the oil and gas industry?
Assess your contracting in a changing international market
Key cultural considerations in contracting—from
development and drafting to negotiation and relationship
management
Where does ‘yes’ mean ‘no’, and ‘no’ mean ‘yes’, and other
cultural nuances in contracting and negotiations?
Confronting a contractual breach—cultural considerations
Capital Equipment Agreements
Drilling Equipment Rental and Lease Agreements
MRO in the Oil Patch
Ensuring a reliable supply of materials in hard to reach
places from offshore rigs to mountainous terrain
Exercise:
Managing a Risk Portfolio through Multiple Contracts—
Field Services Agreement Management
MODULE 2
Key Contract Provisions
Reassessing indemnity and warranty clauses
Why is the knock-for-knock provision so relevant in the oil
industry?
Understanding the full effects of Anti-Indemnity statutes
in offshore scenarios
Considering alternative pricing clauses
Assess the limitations to the pollution clean-up clauses
Exercise:
Review of Five Key Clauses in the Oil and Gas Sector
Exercise:
Negotiation Role—Master Service Agreement
Negotiations for a Refinery and Oil Field Services Agree-
ment
MODULE 4
Key International and Cross-Cultural Contracting Issues
Exercise:
Crude Oil Transport Contract—Managing Risk on the
High Seas
Exercise:
Resolving a Production Contract Dispute between an
Operator and Contractor
MODULE 6
Key Equipment and Materials Contracts
Exercise:
Submit your Equipment and Materials Contract Tem-
plates for a Comparative Analysis
5. 5
LEGAL | OIL AND GAS CONTRACT MANAGEMENT: PRINCIPLES & PRACTICES
general@petrosync.com | +65 6451 4500 | www.petrosync.com
MODULE 7
Key Service Contracts
Maintenance Services
Well Completion Services
Environmental Remediation Services
Transportation and Logistics Agreements
Exercise:
Submit your service contract templates for a compara-
tive analysis
Joint ventures in the oil industry
Contractors and their sub-contractors creating a
seamless support team
Teaming agreement—risks and rewards
Crude and product distribution agreements
Exercise:
When two JV partners and 3 subcontractors meet over
coffee and a production facility services agreement—
without the owner and operator
MODULE 9
Open Discussion on Existing Oil and Gas Contract Types and
Approaches
Types of contracts—FEED Competition, EPC, EPCM,
Reimbursable, Reimbursable convertible to Lump Sum,
Lump Sum Turnkey etc. & their pros and cons
Partnerships and Alliances in Oil and Gas Contracts
- Critical Issues (covering types of partnerships—JV,
Consortium, Nominated Subcontractor, etc.
Critical Contract Clauses and Related Issues, Contractual
Risks in Oil and Gas Contracts
Risk Management in Oil and Gas Contracts
Contractual Risks and Mitigation Measures in Oil and Gas
Contracts, covering key contract terms and conditions,
contractual risks, risks identification, mitigation and
management
Claims Management in Oil and Gas Contracts
- A win-win approach (or) Effective Management of
Variations & Claims
Disputes and Resolution Mechanisms in Oil and Gas
Contracts
Alternative Dispute Resolution in Oil and Gas Contracts
Disputes Management in Oil and Gas Contracts
Disputes Avoidance and Mitigation, covering causes of
dispute, dispute resolution mechanisms, mediation,
arbitration, ICC rules, etc.
Register For This Course Now!
You Might Also Be Interested In:
Kindly fill up your particulars in the
registration form placed at the end of this
brochure, and send it to us or email to
registration@petrosync.com
EPCIC Contract Management
5 –7 October 2015 | Kuala Lumpur, Malaysia
Legal Report Writing
8 –9 October 2015 | Kuala Lumpur, Malaysia
LNG & Gas Contract Management
16 –20 November 2015 | Kuala Lumpur, Malaysia
MODULE 8
Multi-Party Contracting Scenarios
6. 6
By Credit Card:
Please debit my credit card: Visa MasterCard AMEX Security Code:
Card Number: Expiry Date:
Name Printed on Card:
By Direct Transfer: Please quote invoice number(s) on remittance advice
PetroSync Global Pte Ltd Bank Details:
Account Name: PetroSync Global Pte Ltd
Bank Name: DBS Bank Ltd
Bank Code: 7171—Bank Swift Code: DBSSSGSGXXX—Branch Code: 288
Account No: SGD: 288-901898-0 USD: 0288-002682-01-6
Bank Address: 12 Marina Boulevard, Level 3. Marina Bay Financial Centre Tower 3. Singapore 018982.
All bank charges to be borne by payer. Please ensure that PetroSync Global Pte Ltd receives the full invoiced
amount.
Title : Oil and Gas Contract Management: Principles & Practices
Date : 2—6 November, 2015
Location : Kuala Lumpur, Malaysia
COURSE DETAILS
INVESTMENT PACKAGE DEADLINE FULL MASTERCLASS
Standard Price 27 October 2015 SGD 5,995
Early Bird Offer 2 October 2015 SGD 5,795
Group Discount
(3 and above)
27 October 2015 10% Discount
INVESTMENT PACKAGES (Please Circle)
Group Discount is based on Standard Price
*To enjoy the promotion & discount offer, payment must be made before dateline
* For 7 or more delegates, please inquire for more attractive package.
* Prices include lunches, refreshments and materials. Promotion & discount cannot be combined with other
promotional offers.
* Important: Please note that registration without payment will incur a SGD 200 administration fee.
COURSE CONSULTANT
Name : Cay Aagen
Email : registration@petrosync.com
Phone : +65 6415 4500
Fax : +65 6415 4322
TERMS AND CONDITIONS
DISCLAIMER
Please note that trainers and topics were confirmed at
the time of publishing; however, PetroSync may
necessitate substitutions, alterations or cancellations
of the trainers or topics. As such, PetroSync reserves
the right to change or cancel any part of its published
courseme due to unforeseen circumstances. Any
substitutions or alterations will be updated on our web
page as soon as possible.
DATA PROTECTION
The information you provide will be safeguarded by
PetroSync that may be used to keep you informed of
relevant products and services. As an international
group we may transfer your data on a global basis for
the purpose indicated above. If you do not want us to
share your information with other reputable
companies, please tick this box
CANCELLATION POLICY
You may substitute delegates at any time as long as
reasonable advance notice is given to PetroSync. For
any cancellation received in writing not less than
fourteen (14) working days prior to the training
course, you will receive credit voucher less a SGD $200
administration fee and any related bank or credit card
charges.
Delegates who cancel less than fourteen (14) working
days of the training course, or who do not attend the
course, are liable to pay the full course fee and no
refunds will be granted.
In the event that PetroSync cancels or postpones an
event for any reason and that the delegate is unable or
unwilling to attend in on the rescheduled date, you will
receive a credit voucher for 100% of the contract fee
paid. You may use this credit voucher for another
PetroSync to be mutually agreed with PetroSync,
which must occur within a year from the date of
postponement.
PetroSync is not responsible for any loss or damage as
a result of the cancellation policy. PetroSync will
assume no liability whatsoever in the event this event
is cancelled, rescheduled or postponed due to any Act
of God, fire, act of government or state, war, civil
commotion, insurrection, embargo, industrial action,
or any other reason beyond management control.
CERTIFICATE OF ATTENDANCE
70% attendance is required for PetroSync’s Certificate
of Attendance
DETAILS
Please accept our apologies for mail or email that is
incorrectly addressed.
Please email us at registration@petrosync.com and
inform us of any incorrect details. We will amend them
accordingly.
CHARGES & FEE(S)
- For Payment by Direct Telegraphic Transfer, client
has to bear both local and oversea bank charges.
- For credit card payment, there is additional 4%
credit card processing fee.
1st Delegate Name:
Direct Line Number: Email:
Job Title: Department:
Head of Department:
Mr Mrs Ms Dr Others
2nd Delegate Name:
Direct Line Number: Email:
Job Title: Department:
Head of Department:
Mr Mrs Ms Dr Others
3rd Delegate Name:
Direct Line Number: Email:
Job Title: Department:
Head of Department:
Mr Mrs Ms Dr Others
Attention Invoice to:
Direct Line Number: Fax:
Company: Industry:
Address: Postcode:
Country: Email:
Please note:
- Indicate if you have already registered by Phone Fax Email Web
- If you have not received an acknowledgement before the training, please call us to confirm your booking.
CONFIRMATION
I agree to PetroSync’s terms & conditions, payment terms and cancellation policy.
Authorized Signature:
PAYMENT TERMS : Payment is due in full at the time of registration. Full payment is mandatory for event attendance.
PAYMENT METHOD
INVOICE DETAILS
DELEGATES DETAILS