Essential Petroleum Contract Law for Non Legal Professionals 2013

International Petroleum Transactions are the life blood of many international states and economies and have never had such an importance as they do today. On this course, delegates will explore key terms in Petroleum contracts, items which can regularly give rise to disputes, how careful negotiation at the start of a project can minimize later disputes, in any event how to approach such disputes and how to deploy different resolution methods to particular types of dispute. Even after the negotiation, there is still the issue of drafting the clause which is operative and which “fits” for your contract, your company and your project.

This course will cover and allow delegates to acquire knowledge and understanding of Concession Agreements, Production Sharing Agreements, Joint Operating Agreements, EPC Contracts, EPCM and Turnkey Contracts. All these types of contract are used in the international Petroleum Industry. In addition, we will include closer examination of some of the types of clauses which are most encountered in international Petroleum industry such as warranties and guarantees, risk identification and allocation, change and variation clauses, suspension and termination clauses, indemnity, cross indemnities and hold harmless clauses, stabilization and renegotiation clauses and force majeure clauses.