• Variety of instrumental (operational) contracts in the upstream sector
• Negotiation techniques and the role of counsel
• Dispute resolution mechanism and how to draft an effective arbitration clause
• Understanding of model service contracts
• Appreciation of international model contracts i.e. AIPN

This is a unique RECTUS training course with the professional techniques that enables

delegates from all financial and commercial disciplines to effectively understand the Cash

Calling activities through the oil and gas joint venture. outstanding cash calls and repayment

options, impact of cash default on the project viability, and disputes – are included. 

The training course will also cover contract types, and it also outlines critical issues involved

in making oil and gas joint venture successful and the accounting, budgeting and auditing

practices involved

By the end of this RECTUS advanced level training course:

• Delegates will be able to understand all the types of JV agreement in Oil & Gas industry
• Delegates will be able to understand the issues to negotiate and agree a JVCC Arrangement
• Delegates will be able to select the most appropriate forms of JVCC
• Delegates will learn, and how to administer it during the asset’s production phase.
• This advanced course will also equip attendees with the necessary knowledge to play a role in the JVCC Arrangement environment in an efficient and effective manner

This RECTUS training course is suitable to a wide range of professionals but will greatly benefit: 

• Commercial and business development managers within national and international oil and gas companies looking to improve their oil and gas contract negotiation skills and overall commercial performance
• Legal advisors involved in negotiating or renegotiating oil and gas contracts
• Government representatives, policy makers, and regulators looking to increase their oil and gas contracts knowledge
• Insurance and risk managers looking to reduce the legal and contracts risks for their companies
• Executives, professionals, and academics looking to increase or specialise in the area of oil and gas contracts

This interactive Training will be highly interactive, with opportunities to advance your opinions and ideas and will include:
• Lectures
• Workshop & Work Presentation
• Case Studies and Exercise
• Videos and General Discussions

Day One: The Legal Framework & Contract Law  

• The Legal System including sources of law
• Mandatory elements of a legally enforceable contract    
• English Contract Law: Contract Formation and Contract Terms and Conditions
• Legal Jargons and Definition of Terms
• English contract Law: interpretation of contract terms
• Rescission
• Damages: Compensatory, Consequential and Incidental Damages, Liquidated
• Specific Performance
• Injunctive Relief
• International Oil & Gas Industry and its Key Players
• Terminologies & Introduction to the oil Industry

Day Two: Fundamentals of Oil & Gas Contracts 

• Nature of Ownership in Oil and Gas; The Law of the Sea and Sovereignty over Natural Resources
• Developments of Contractual and Fiscal Arrangements in the Oil and gas Sector
• Structure Used in Regulating the Oil and Gas Industry
• Infrastructure development
• Boundary disputes
• Host country legislation
• Characteristics of oil and gas contracts
• Commercial realities of the oil and gas business 
• Drafts and drafting
• Fundamental legal principles

• Cultural and language issues
• Fundamental Legal Principles
• The Essentials of Negotiation

• Types of negotiation

• Issues to be negotiated

• The negotiation processes

• Style, strategy, and tactics
• Persuasion- the role of argument

Day Three: Agreement with Resource Holders I

• Leases
• Service agreements
• Concessions/Licensing
• Agreements Between Co-Ventures (JOA)

• Joint Bidding Agreement (JBA)

• Area of Mutual Interest Agreement (AMI)

• Joint Operating Agreement (JOA)

• Unit Operating Agreements (UOA)

Day Four: Agreement with Resource Holders II & Agreements with Suppliers and Contractors 

• Production Sharing Agreements (PSA)

• Key Characteristics of Production Sharing Agreements

• Determining the Structure Style of a PSCs

• Comparisons of Model PSCs

• Agreements with Suppliers and Contractors
• Standardisation of contracts

• International Service Contracts
• LOGIC Standard Contracts (Model Contracts)

• Review of the key LOGIC contractual provisions

• Reducing Risk through Effective Use of Force Majeure Clauses

• Understand the purpose and risks this clause is intended to mitigate
• Avoiding common Force Majeure pitfalls
• Protect yourself from abuse and misuse of this clause
• Mechanics and drafting tips of exercising Force Majeure rights

 Day Five: Dispute Resolution & International Arbitration Option in Oil and Gas Contracts 

• Dispute resolution in oil and gas business
• Preventing costly litigation through effective use of ADR option
• Types of dispute resolution vehicles
• Assessing litigation vs. arbitration options
• Mediation considerations
• Considerations for selecting effective mediators and Arbitrators
• Selecting arbitration and mediation rules of procedure
• Drafting effective dispute resolution clause

RECTUS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration.