Contract Management
A five-day programme for oil, gas and petrochemical professionals who draft, negotiate, manage or administer contracts. Participants work through international best practice alongside real industry examples, building the judgement that keeps a contract effective from award to close-out.
This subject may be offered at different levels; scope, depth and prerequisites are confirmed for the selected programme.
Program Overview
This 5-day intensive training is designed specifically for professionals in the oil, gas, and petrochemical sectors who are involved in drafting, negotiating, managing, or administering contracts. The course blends international best practices with real-world industry examples to ensure effective contract management and risk mitigation.
Day 1 – Introduction to Contract Management in the Oil & Gas Sector
• Understanding the role of contracts in oil & gas operations
• Contract lifecycle: from pre-award to post-award
• Types of contracts used in the petroleum industry (EPC, service, supply, maintenance, etc.)
• Legal frameworks and international contracting principles
• Key stakeholders and their responsibilities
Workshop: Identify and analyze real examples of oil & gas contract structures.
Day 2 – Contract Development and Risk Allocation
• Essential elements of a valid contract
• Contract drafting: clarity, precision, and enforceability
• Risk assessment and risk-sharing mechanisms
• Indemnity, liability, and limitation clauses
• Force majeure and unforeseen events
• Insurance requirements and coverage considerations
Workshop: Risk mapping and clause drafting exercise.
Day 3 – Negotiation Strategies and Contract Award
• Principles of effective contract negotiation
• Preparing negotiation plans and understanding leverage
• Cultural and international negotiation challenges
• Tendering and bidding processes in oil & gas projects
• Evaluation and award of contracts
Workshop: Role-play simulation of a contract negotiation scenario.
Day 4 – Contract Administration and Performance Monitoring
• Contract administration best practices
• Change management and variation orders
• Managing contractors and subcontractors
• KPIs, deliverables, and performance evaluation
• Communication and documentation protocols
• Handling delays, non-performance, and disputes
Workshop: Case study – contract deviation management.
Day 5 – Dispute Resolution and Contract Closeout
• Dispute prevention and early resolution strategies
• Arbitration, mediation, and litigation in international contracts
• Claims management and documentation
• Contract closeout procedures and lessons learned
• Continuous improvement and post-project reviews
Workshop: Drafting a dispute resolution strategy for a real oil & gas case.
Target Audience
• Contract & procurement specialists
• Project engineers and managers
• Legal and commercial officers
• Supply chain professionals
• Anyone involved in oil & gas project contracting
Related Courses
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