Oil and Gas Contract Negotiation and Risk Management

₦330,000.00

Course Overview

Course Objectives:

To understand the fundamental concepts of oil and gas contracts, including key terms and clauses.
To develop skills in negotiating oil and gas contracts effectively.
To learn the principles of risk management in the context of oil and gas operations.
To identify and manage potential risks associated with oil and gas contracts.

Introduction to Oil and Gas Contracts

Content:

Overview of the oil and gas industry and its legal framework.
Key types of contracts in the oil and gas sector: Joint Ventures, Production Sharing Agreements, Service Contracts, and Sale & Purchase Agreements.
Fundamental elements of an oil and gas contract: parties, terms, and conditions.
Contract life cycle and the role of negotiation.
Importance of clarity in contract drafting and common pitfalls.

Key Terms and Clauses in Oil and Gas Contracts

Content:

Exploration and production agreements: understanding ownership, rights, and obligations.
Key contractual clauses: force majeure, indemnity, liabilities, and dispute resolution mechanisms.
Royalties, payments, and profit-sharing mechanisms.
Environmental and compliance clauses: ensuring regulatory adherence.
Confidentiality and non-compete clauses in oil and gas contracts.

Contract Negotiation Techniques and Strategies

Content:

Risk Management in Oil and Gas Contracts

Content:

Types of risks in oil and gas operations: financial, operational, environmental, and geopolitical.
Risk assessment and mitigation strategies in contract negotiations.
Risk-sharing mechanisms: insurance, guarantees, and indemnities.
Crisis management: preparing for unexpected events and managing disputes.
The role of compliance and audit in managing contract risks.

DATE:
1ST BATCH: 14th – 17th Jan, 2025
2ND BATCH: 13th – 16th May, 2025
3RD BATCH: 26th – 29th Aug, 2025

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