6th Annual Oil & Gas Contracts Drafting, Negotiation & Dispute Resolution Excellence 2019

6th Annual Oil & Gas Contracts Drafting, Negotiation & Dispute Resolution Excellence 2019Date: 11th to 13th July 2018, Bangkok, Thailand

Overview

This 3-day training course is a dynamic, hands-on course which will immerse course participants in real life Oil, Gas and LNG Contracts and Negotiation situations, giving participants a deep understanding about midstream commercial issues, contracts and practical tips on how to negotiate and maintain these contracts successfully. This practical course will help participants
understand the relevance of Oil, Natural Gas and LNG in today’s energy mix and how these businesses work.
It will explain the strategic importance of hydrocarbon assets and how production sharing and tax royalty systems are used to manage these assets. It will examine the key factors impacting on oil and gas price in different parts of the world and how these principles are built into purchase and transportation contracts. It will help identify and understand the numerous agreements along the supply value chain, explain risk mitigation measures and dispute resolution procedures, and provide simplified explanations with examples of how key terms work. The course will also expose participants to various terminologies and industry standard provisions in the sector, whilst equipping them with knowledge of what really matters in contract negotiations by simulating a real life negotiation exercise. Detailed examination of model commercial contracts for LNG and Gas will be used to highlight the inter-relationships between various elements of the contracts.
The course will focus on Liquids Purchase Agreements, Gas and LNG Sales and Purchase Agreements, Gas Allocation Agreements, Joint Operating Agreements, Oil and Gas Transportation Agreements, LNG Shipping Agreements, LNG Terminal Use Agreements and Host Government and Intergovernmental Agreements. It will also briefly touch on network codes in regulated pipelines and explain the commercial and contractual basis for how tariffs and access are regulated in such pipelines.
This course will also look at the costs and delays caused by disputes, dispute resolution methodologies, and approaches to prevent, avoid, control, manage & de-escalate disputes

Benefits

Understand Oil, Gas and LNG contract terms and the importance of Gas and LNG contracts and transportation agreements in the oil & gas value chain.
Gain insights into the way buyers and sellers view and negotiate Gas and LNG sales agreements.
Understand practical approaches to understanding LNG and Gas pricing within the different market sectors.
Learn how to understand and negotiate the key terms in the Gas and LNG Sale and Purchase Agreements and how to advance through a demanding negotiation process.
Practical exercise on negotiations.
Understand and mitigate commercial risks associated with contract negotiations.
To recognize the reality, that problems and unexpected events are inevitable during the course of any contractual relationship.
Understand the sources of problems that can occur in the kinds of relational contracts typically used in the industry.
Examine some tools and techniques for “keeping the peace” in contractual operations and relationships.
Understand dispute resolution approaches, costs and timing including use of experts, mediation, international arbitration and use of courts.