International Dispute Resolution and Arbitration in the Oil , Gas & Petrochemical Industry

Introduction

The likelihood of disputes arising in the oil and gas industry is high due to the various types of contractual relationships that exist.  Further the costs of hydrocarbon exploration and exploitation is extremely high as are the value of oil and gas contracts and parties to a dispute need to have the necessary knowledge and skills to firstly avoid where possible the disputes and alternatively to manage the whole dispute resolution process in an efficient and effective manner.

This GLOMACS training course provides in-depth information on the types of disputes that can arise and the several available methods of dispute resolution, which can be consensual, adjudicative or hybrid. The course further assists the participants to obtain effective skills in dispute management and conflict avoidance. Managing disputes using the most cost effective and efficient methods available would be a primary goal of the training during this course.

This Dispute Resolution and Arbitration training course is designed to be highly practical and includes hands-on workshop sessions and a mock dispute demonstration. This training course focuses on the available institutional rules or the ad hoc procedures and the implications this choice may have on the outcome of the dispute. Taking into account cultural considerations specific to each dispute, the course provides training on the choice of law, seat and venue for the arbitration.

This GLOMACS International Dispute Resolution and Arbitration in the Oil, Gas & Petrochemical Industry training course will highlight:

• The fundamental types of disputes in the Oil and Gas Industry
• The different methods of dispute resolution available
• Preference for International Arbitration over Litigation
• Dispute Resolution Clauses in various Oil and Gas Contracts
• Conciliation, Mediation and Settlement of Disputes
• Enforcement proceedings

Objectives

At the end of this International Dispute Resolution and Arbitration in the Oil, Gas & Petrochemical Industry training course, you will:

• Comprehensively understand the different types of dispute resolution methods
• Understand the main dispute resolution clauses in international oil and gas contracts
• Know the available mechanisms to resolving international oil and gas disputes
• Be aware of the approaches to conflict, management, avoidance, and settlement
• Be able to assess and apply the best means to resolve disputes in different potential scenarios

Training Methodology

Participants will gain greater understanding of the subject matter through presentations by an experienced international practitioner designed to both inform and broaden the perspectives of the participants. Case studies will be reviewed and discussed bearing in mind some of the realistic scenarios participants may encounter. Interactive discussions to encourage discussion of problems and possible solutions to it. Participants will view different videos on dispute resolution.

Organisational Impact

Participants will gain greater understanding of the subject matter through presentations by an experienced international practitioner designed to both inform and broaden the perspectives of the participants. Case studies will be reviewed and discussed bearing in mind some of the realistic scenarios participants may encounter. Interactive discussions to encourage discussion of problems and possible solutions to it. Participants will view different videos on dispute resolution.

Personal Impact

Attendees will gain by participation in this training course as a result of:

• Obtaining a full understanding of international resolution methods
• Leaning how to avoid disputes before they become litigious
• Anticipating potential claims and disputes and finding solutions to issues being raised prior to it becoming full blown disputes
• Obtaining a working knowledge of the different international arbitration institutions
• Knowing the benefits of ADR in resolving disputes