Understanding and Drafting Oil and Gas Industry Contracts

The accelerated pace of change in the oil and gas industry makes this one of the world’s most challenging and complex sectors in which to understand, draft and negotiate contracts.

This course will enhance your knowledge of the agreements commonly used in the upstream oil and gas industry, including joint operating agreements (JOAs) and alliances, which are crucial for the collaboration and efficient operation of oil and gas ventures. 

The expert trainer will take you through drafting agreements for offshore design, engineering and construction work, ensuring clarity and precision in contract terms to avoid potential legal pitfalls. 

The course also looks at the complex wording around force majeure and frustration in oil and gas contracts. It’s important to understand the implications of these two critical concepts that address unforeseen events impacting contract performance to effectively manage risks and responsibilities.

It’s also essential to get to grips with the best strategies for handling disputes in oil and gas contracts to maintain business continuity and protect interests in a highly competitive and regulated industry. The trainer will discuss latest tips and the pitfalls to look out for.

Understanding the differences between law and jurisdiction is also vital, as these determine the applicable legal framework and the venue for resolving disputes, respectively. This knowledge ensures that agreements are not only legally sound but also enforceable, providing a solid foundation for successful and sustainable oil and gas operations.

This intense one-day oil & gas industry training course focuses on understanding and drafting contracts related to this complex industry. It will serve as either an in-depth introduction for newcomers or a useful update/refresher for those with some experience in the industry.