The Oil and Gas industry operates within a continuously challenging environment. It is driven by, and dependent upon people; process and technology. It is a capital intensive, high-risk industry – often with long payback periods. It is a truly global industry and one that operates in ever more challenging environments such as ultra-deepwater drilling and remote, harsh locations such as the Arctic. Cross-cultural dealings are the norm. National resources and the ability to change a country’s economic profile are often directly dependent upon the efficient extraction and exploitation of hydrocarbon resources. In short – it is a high stakes game – there is little room for error.
All of the commercial activities within the industry are governed by contractual agreements. A contract provides clarity and a defined scope of parties’ rights; duties and obligations. A contract often helps to define and manage stakeholder expectations. A contract provides recourse when a dispute breaks out.
Oil and Gas Contracts MasterClass Training Course will empower the delegate. They will learn about the importance and the roles played by the contractual function. They will understand the influence and impact of governments upon commercial contracts. Most importantly – the delegates will learn methodologies for drafting and negotiating international agreements within a multicultural framework. The delegate will gain an insight into the overarching importance of corporate social responsibility (CSR) and will understand commonly utilised dispute resolution methodologies.