Course Description

This program focuses on the key skills necessary to ensure your contracts and service level agreements achieve successful outcomes. This program provides step by step guidance on the key aspects of contract management and will help you devise strategies to ensure your contracts and service level agreements have successful outcomes. It presents a practical opportunity to reduce the costs of your organizations operations

Course Goal:

Course is planned for contract officers that are in charge of contract, negotiations, preparations, and amendments.

Course Objectives:

By the end of the course the participant will be able to:

1. Deal with international forms of contracts for petroleum activities.
2. Develop negotiation strategy
3. Improve negotiation skills
4. Identify and analyze significant risks and pitfalls within the array of contracting situation.

Course Outline:

1. Contract types
2. Contract negotiations
3. Contracting risks
4. Production sharing agreements
5. Design & construction contracts
6. FIDIC liabilities
7. Contract term guarantees
8. Fraud in contracts