Oil and Gas Contracts: Drafting and Negotiation Techniques

Objectives

• Understand the key principles of oil and gas contracts.
• Gain practical knowledge in drafting and reviewing contracts in the oil and gas sector.
• Learn negotiation strategies and techniques specific to oil and gas contracts.
• Master risk management and dispute resolution clauses in oil and gas agreements.

Introduction to Oil and Gas Contracts

• Overview of oil and gas industry contracts
• Types of contracts in the oil and gas sector (e.g., joint ventures, production sharing agreements, service contracts)
• Legal and regulatory frameworks affecting contracts
• Key stakeholders in oil and gas contracts

Drafting Oil and Gas Contracts

• Essential clauses in oil and gas contracts (e.g., payment terms, scope of work, warranties)
• Structure of oil and gas agreements
• Common terms and conditions in exploration and production contracts
• Contract drafting best practices and common pitfalls

Negotiation Techniques in Oil and Gas Contracts

• Key negotiation strategies in the oil and gas sector
• Understanding power dynamics and bargaining positions
• Tactics for handling difficult negotiations and stakeholders
• Managing confidentiality and intellectual property issues in negotiations

Risk Management and Dispute Resolution

• Identifying and mitigating risks in oil and gas contracts
• Force majeure clauses and their implications
• Approaches to dispute resolution (arbitration, litigation, mediation)
• Enforcement of contract terms and dealing with breaches

DATE:

1ST BATCH:        16th – 19th Mar, 2026      

2ND BATCH:       14th – 17th Jul, 2026

3RD BATCH:       10th – 13th Nov, 2026