Skip to content

Oil and Gas - Understanding Terms and Conditions and the Contract

Find a Course
  • Or choose a specific course

Oil and Gas – Understanding Terms and Conditions and the Contract

Course Cost £245 +VAT
Duration 1 DAY
  • Grasp fundamental contractual concepts in oil & gas.
  • Enhance ability to read and negotiate contracts.
  • Learn differences between commercial and legal sides.
  • Master structuring work within the contract.
  • Intended for supplier/contractor companies.

Overview

The course "Understanding Terms and Conditions and the Contract of Oil and Gas" aims to equip supplier/contractor companies in the oil and gas industry with essential skills for comprehending and negotiating contracts. Participants will learn about fundamental contractual concepts, differences between commercial and legal aspects of contracts, and how to structure their work within contracts. The course covers commercial issues, major terms and conditions, legal clauses, and strategies for managing risks and negotiations in contracts.

Who should attend

Supplier/Contractor Company

Course Content

By attending this workscope you will:

  • Grasp the skills to understand fundamental contractual concepts;
  • Enhance your ability to read and negotiate product and services contracts in the oil & gas industry;
  • Learn major differences between commercial and legal sides of the contracts to ensure smooth contract delivery;
  • Master the ability to structure your work within the contract.

This workshop is intended for the supplier/contractor company receiving contracts from a client

Course Content

8.45 Arrival and Registration

9.00 Introduction and Course Objectives

9.15 Part I – Commercial Issues

  • Good contracting practices
  • Contract starts with Scope of Work and delivery/schedule
  • Practical/Case Study

10.30 Break

10.45 Part II Major terms and conditions

  • Contracts for Products Supply
  • Contracts for Works/Services
  • The key differences between Services and Products Supply)
  • Pros and Cons of Standard Forms of Contract
  • Use of LOGIC contracts
  • Financial/payment terms
  • Practical/Case Study

12:30 Lunch Break

13.30 Part III – Legal clauses

  • Understanding indemnities: knock for knock regime
  • Complex indemnities clauses: catastrophic and consequential losses
  • Insurance obligations
  • Liquidated damages
  • Termination/suspension – difficulties of application
  • Limitation of liability
  • Confidentiality regimes
  • Practical/Case Study

15.00 Break

15.15

  • What is a balanced contract?
  • Managing risks in contracts
  • Battle of the Forms
  • Final walk-through on a typical contract with pros and cons from a User point of view
  • Negotiation – terms are regularly negotiated, and which have most value to be negotiated.

16:45 Feedback, Q&A

17:00  Close

Duration:1 Day

Cost:£245 + Vat

Oil and Gas Terms and Conditions Contracts Training London, Scotland, Glasgow, Edinburgh, Inverness, Aberdeen and onsite course available throughout the UK.

Who Should Attend

Supplier/Contractor Company
Course Cost £245 +VAT
Duration 1 DAY

Experts in Construction and Infrastructure Training

1000+

Training courses available

250000+

Course hours completed

50+

Expert trainers

CITB, APS, IEMA

Accreditation training centres

12

Accreditations

Testimonials

We’ve helped thousands of professionals grow their skills and confidence. Hear directly from the people who’ve taken our training courses.

The course was exceptional, well run in terms of delivery of information, IT online course but seamless. Very interesting examples of temporary works failures applicable to the businesses we worked in. Break out activities / group examples worked very well and were again well managed by the trainer. Fantastic course, I will recommend to others! Best course I have attended in years!

CITB Temporary Works Co-Ordinator

Black & Veatch

The trainers knowledge was excellent and I liked his examples and how he could relate them to every day relatable examples that we could all understand. Coming from different industries and sectors his examples were a common ground. It was handled very well virtually and the engagement worked with his questioning and answering

Contract Management

The Pension Regulator

The training was very interactive and the tutor was excellent in engaging every course attendee and ensuring that the course content was tailored to each attendees Organisation and Company requirements

CITB Temporary Works Awareness

Kone – H &S Advisor

Contact an Expert Trainer