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Oil & Gas Contracts: From Risk Mitigation to Successful Operational Execution
A 1-Day Interactive Zoom Training for Energy Sector Professionals - Zero Prior Legal Knowledge Required
Why You Should Attend This Course
Navigate Oil & Gas Contracts with Total Confidence—Zero Prior Legal Knowledge Required.
Are you fully equipped to protect your projects from costly legal pitfalls?
Mismanaging a single clause in an energy project can cost millions. If you are a contract manager or key project personnel, knowing how Contract Law Management operates is your ultimate shield.
In the high-stakes oil and gas sector, contract oversights can lead to massive delays and financial exposure. Having a sound understanding of Contract Law Management is no longer just for lawyers—it is a critical tool for contract managers, project key personnel, and engineers to fulfil their operational responsibilities effectively.
Join our intensive, 1-Day Interactive Zoom Training designed specifically for non-legal professionals in the energy sector.
What you will master in 1 day:
- Industry Legalities: Decode complex contractual obligations specific to oil and gas.
- Risk Mitigation: Spot pitfalls before they impact your project's bottom line.
- Operational Execution: Manage contract lifecycles effectively and confidently.
The Best Part? You do not need any prior legal background to excel in this practical, interactive session.
Why You Should Attend This Course
Navigate Oil & Gas Contracts with Total Confidence—Zero Prior Legal Knowledge Required.
Are you fully equipped to protect your projects from costly legal pitfalls?
Mismanaging a single clause in an energy project can cost millions. If you are a contract manager or key project personnel, knowing how Contract Law Management operates is your ultimate shield.
In the high-stakes oil and gas sector, contract oversights can lead to massive delays and financial exposure. Having a sound understanding of Contract Law Management is no longer just for lawyers—it is a critical tool for contract managers, project key personnel, and engineers to fulfil their operational responsibilities effectively.
Join our intensive, 1-Day Interactive Zoom Training designed specifically for non-legal professionals in the energy sector.
What you will master in 1 day:
- Industry Legalities: Decode complex contractual obligations specific to oil and gas.
- Risk Mitigation: Spot pitfalls before they impact your project's bottom line.
- Operational Execution: Manage contract lifecycles effectively and confidently.
The Best Part? You do not need any prior legal background to excel in this practical, interactive session.
Outline
1.Introduction
2.Upstream Joint Ventures
3.Downstream Consumption
4. Boilerplate provisions
5. Applicability of Contractual Legal Principles
- The Reasonable Man Test
- Managing contracts
- Common law vs. civil law system
- Consideration – sufficiency in common law
- Territorial delimitation and hydrocarbons resources
-dispute resolution
-mediation
-arbitration - Due diligence
- Seek appropriate Contractual Safeguards
-force majeure
-indemnity clause - The 4 Regimes governing relationships
-Licenses
-Concessions
-Production sharing agreements (PSA)
-Service contracts
2.Upstream Joint Ventures
- Joint bidding agreements + joint operating agreements
- Key features of joint operating agreements
- Leaving the joint venture
-withdrawal & default
-transfers & pre-emption rights - Lifting and disposal
- Abandonment & decommissioning
- Force majeure
-Covid-19 pandemic
3.Downstream Consumption
- Gas sale & purchase agreements (GSA)
- Different types of GSA with key distinguishing characteristics
-means of bringing gas to market
-responsibility for pipe line transportation
-depletion and term-supply contract - Parties to GSA
-multiple sellers and / or buyers -
Conditions preceden
-obtaining all necessary government approvals - GSA start date
- Late start
- Gas supply period
- Terms extension
- Delivery pressure & control of gas flow
- Reserve assurances under GSA
- Seller's reservations
- Contract quantities
- Daily contract quantity
- Annual contract quantity
- Maximum daily contract quantity
- Excess gas
- Take-or-pay
- Carry forward
- Make-up gas
- Shortfall and its remedies
- Exclusions from shortfall
-gas not taken by buyer
-force majeure
-buyer’s acts or omissions - Seller did not comply with agreed quality specification
- Notify any off-specification gas
- Gas price negotiations
-lower and higher gas price - Price review clauses
- Nominations – contractual quantities of gas
- Variations
- Forecasts
- Undertake and overtake
- Measurement and testing
- Invoicing and statements
- Late payment or failure to pay
- Payment disputes
- Force Majeure e.g. acts of God, war & natural disasters
- Termination
- Facilities and maintenance
- Definitions and interpretation provisions
- Assignment and transfers
- Liability and indemnities
- Conduct of claims
- Duty to mitigate losses
- Insurance
- Confidentiality
- Governing law
- Dispute resolution and arbitration
- Expert determination
- Representations and warranties
- Sovereign immunity
- Application of terms implied by domestic laws or international
- Conventions
4. Boilerplate provisions
- Entire agreements
- Time of the essence
- Costs
- Relationship of parties and exclusion of partnership
- Further assurance
- Public announcements
- Waivers
- Invalidity and severability
- Variations
- Notice
5. Applicability of Contractual Legal Principles
- making a valid contract
- misrepresentations
- terms of contract – conditions and warranties
- enforcing the contract
- remedies available for breach of contract
- consequences of frustration
Who should attend
Project Managers, Procurement Professionals, Contract managers, Commercial managers and analysts, Engineers, Technicians, Risk and Insurance managers and any professionals or executives in the oil and gas industry.
Testimonials
"As a project engineer, I always found contract clauses intimidating. This 1-day course stripped away the complex legalese and gave me practical tools I could use the very next day. Highly recommended for anyone managing energy projects!"
- Project Engineer
"The insights on contractual obligations specific to the oil and gas industry are incredibly sharp. Two weeks after the Zoom training, I spotted a potential liability clause in a subcontractor agreement that could have cost us thousands."
- Senior Contract Manager
"I was worried a 1-day virtual course on contract law would be dry, but the interactive format kept everyone engaged. It bridges the gap between technical operations and legal requirements perfectly."
- Operations & Procurement Head
"You truly do not need prior legal knowledge. The instructor broke down Contract Law Management so clearly that our entire key project team now communicates more effectively with our legal department."
- Project Director
- Project Engineer
"The insights on contractual obligations specific to the oil and gas industry are incredibly sharp. Two weeks after the Zoom training, I spotted a potential liability clause in a subcontractor agreement that could have cost us thousands."
- Senior Contract Manager
"I was worried a 1-day virtual course on contract law would be dry, but the interactive format kept everyone engaged. It bridges the gap between technical operations and legal requirements perfectly."
- Operations & Procurement Head
"You truly do not need prior legal knowledge. The instructor broke down Contract Law Management so clearly that our entire key project team now communicates more effectively with our legal department."
- Project Director
Profile of Catherine Tay
Catherine Tay has over 35 years of lecturing experience as an Associate Professor lecturing business law at the National University of Singapore (NUS) Department of Strategy and Policy, NUS Business School. She is an Advocate and Solicitor of the Supreme Court of Singapore. She is also a barrister-at-law (of Lincoln’s Inn, United Kingdom). She is an author of more than 8 law books, including her best-seller book title called "Contract Law - A layman Guide".
She studied law at Queen Mary College, University of London and graduated with a Bachelor of Laws with Honours and with a Master of Laws, in which she specialised in Company, Shipping, Insurance and Marine Insurance Laws.
She has facilitated seminars and in-house training courses for many business law topics such as tenancy agreements, contract administration management, procurement contracts, legal and practical aspects of tender management, Service Level Agreements and Outsourcing contracts, oil and gas contract management, insurance contracts, Intellectual Property Laws and PDPA data privacy laws. She is an examiner on law subjects for a number of professional bodies and universities in Singapore and overseas. She has lectured at the NUS Extension in professional and business management law courses.
She was an adjunct lecturer at NUS Institute of System Science, in IT outsourcing contracts for over 20 years. She is the Honourable Legal Advisor for Singapore Optometric Association, as well as for the Singapore Institute of Engineering Technologists.
