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Course Schedule
Classroom Sessions:
Date Venue Fees
27 - 31 May 2024 Dubai - UAE $5,950
01 - 05 Jul 2024 London - UK $5,950
05 - 09 Aug 2024 Dubai - UAE $5,950
16 - 20 Sep 2024 Doha - Qatar $5,950
14 - 18 Oct 2024 London - UK $5,950
18 - 22 Nov 2024 Dubai - UAE $5,950
09 - 13 Dec 2024 Singapore City - Singapore $5,950
06 - 10 Jan 2025 Dubai - UAE $5,950
03 - 07 Mar 2025 London - UK $5,950
Online Sessions:

01 - 05 Jul 2024 Online $3,950
18 - 22 Nov 2024 Online $3,950
06 - 10 Jan 2025 Online $3,950
10 - 14 Mar 2025 Online $3,950
Course Description


This highly interactive Oil & Gas Contracts training course will provide its participants with valuable insight into the operations of the Oil and Gas Industry in a modern context. Oil and Gas contracts are the life blood of the industry and form the basis and foundation upon which the industry operates.  This Oil & Gas Contracts training course will give participants a frame work within which to understand the rights and obligations of both host country and operators and how they are determined and set out in the oil and gas contracts. The legal principles involved in licencing, production sharing contracts, service contracts will be highlighted and discussed in order to provide a solid understanding of the legal basis for these contracts.  Further, the course will also cover sale and purchase and transportation contracts in use in the industry. Risk management in the oil and gas industry is essential and needs to be encapsulated in the contract clauses and this course will provide the fundamental knowledge of the essential risk management features that are in these contracts. Participants will get to understand investor protection in the oil and gas industry and how this can be achieved.

This comprehensive Oil & Gas Contracts training course will provide many opportunities for delegates to discuss to have interactive discussion and review case studies and discuss the various legal and regulatory aspects of these contracts. Participants will gain a true understanding of the legal underpinnings of the oil and gas contracts used around the world in the oil and gas sector.

This GLOMACS Oil & Gas Contracts training course will highlight:

  • Modern aspects of oil and gas contracts
  • How to manage production and country risks
  • Key legal and commercial risk management measure
  • Investor protection by providing legal frameworks
  • Negotiation tools and tactics
  • Dispute resolution in cross border and international contracts


By the end of this Oil & Gas Contracts training course, participants will:

  • Master and comprehensively understand the legal principles of oil and gas contracts
  • Understanding in depth licensing, production sharing and service contracts
  • Identifying the risk factors and managing those risks through effective contractual clauses
  • Know the relevant legal and regulatory frameworks that are in the oil and gas industry
  • Learn how to use appropriate contractual clauses in oil and gas contracts
  • Appreciate the best dispute resolution methods and how it will apply it in different scenarios

Training Methodology

In this Oil & Gas Contracts training course, 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 have encountered. Interactive discussions on problems and possible solutions will be encouraged.

Organisational Impact

The organisation will benefit by:

  • Personnel in the organisation will be conversant with oil and gas contracts, licensing and productions rights
  • Having a full understanding of the fundamental legal principles involved in licensing, production sharing contracts and service contracts
  • Knowledge of the legal basis for these contracts
  • Being able to anticipate and deal with issues and ramifications pertinent to energy contracts
  • Strategizing on risk management techniques that can be used in the Oil and Gas contracts
  • Senior management know the options available to enable them to negotiate terms and conditions of oil and gas contracts for upstream and downstream

Personal Impact

This Oil & Gas Contracts training course teaches the competencies that enable the attendees to:

  • Obtain the essential skill sets to negotiate oil and gas contracts clauses
  • Manage and production and commercial risks through well drafted contract clauses
  • Gain the ability to formulate a comprehensive thought out approach to contracting
  • Demonstrate a professional understanding of apportioning risk and liability between the parties to the oil and gas contracts
  • Work out a contracting strategy to meet company’s goals
  • Customise bespoke contracts suited to needs of their company


This GLOMACS Oil & Gas Contracts training course will benefit all levels of personnel involved in any aspect of project procurement and implementation in the oil and gas sector.  It will enable a broad range of disciplines to appreciate and understand the complexities of this industry, and how best to manage risk.

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

  • Legal Managers, Legal Counsel
  • Commercial and Business Managers
  • Contracts Administrators, and Managers
  • Commercial, Financial and Insurance Professionals
  • Project and General Management
Course Outline


Introduction to Oil and Gas Contracts, Licencing and Production Rights

  • Principal Licensing and Contractual Arrangements
  • Upstream and Downstream Contracting
  • Financing in the International Oil & Gas Industry
  • Specific Risks in Upstream & Downstream Contracts
  • Sale and Purchase and Transportation Agreements
  • Contractual Claims and Resultant Disputes
  • The Role of Negotiation Strategies in Dispute Avoidance under Oil & Gas Contracts


Emergence of New Contractual Arrangements

  • The Modern Concession Contracts
  • The Production Sharing Contracts
  • Participation Agreements and Joint Operation Agreements (JOA)
  • Service Contracts, Pure Service Contracts, Risk Service Contracts
  • Environmental Impacts in the Context of Protection Policies and Requirements
  • Regulatory Framework, Institutional Factors and Infrastructure
  • Comparative Analysis of the Different Contract Forms


Stabilisation Clauses and International Petroleum Agreements

  • Stabilisation Clauses Defined
  • Typology of Stabilisation Clauses
  • Validity and Efficacy of the Stabilisation Clause
  • Stabilisation Clauses and the National and International Law
  • The Re-negotiability of International Petroleum Agreements: Stability vs. Flexibility
  • The Triggering Events for Renegotiation


Key Contractual Issues & Risk Allocation in Oil and Gas Contracts

  • Liabilities & Exclusion and Limitation
  • Indemnity and Exclusion Clauses: Why the need?
  • Distinctions and Definitions: Indemnity vs. Exclusion vs. Limitation
  • Mutual Hold Harmless – The ‘knock for knock’ regime
  • Forms of Exclusion Clauses (and why it matters) Common Carve-outs
  • Performance & Penalties
  • Termination Clauses and Right to Terminate
  • Force Majuere, Change in Law and other Disputes


Methods of Dispute Resolution under Cross Border / International Agreements

  • Arbitration & Mediation – Important Differences
  • Mediation and Conciliation, Adjudication, Dispute Boards - save time and costs
  • Enforcement of International Arbitration Awards under the New York Convention
  • Contemporary Developments in Case Law and Legislation
  • On successful completion of this training course, GLOMACS Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor and Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI®), will be awarded to the delegates
Providers and Associations

Endorsed Education Provider

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A PMI registered mark

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

In Association With



Our collaboration with Petroknowledge aims to provide the best training services and benefits for our valued clients

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Oxford Management Centre

Oxford Management Centre

A GLOMACS - Oxford Management Centre collaboration aimed at providing the best training services and benefits to our valued clients.

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The Energy Training Centre

The Energy Training Centre

Our collaboration with Energy Training Centre aims to provide the best training services and benefits for our valued clients

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KC Academy

KC Academy

Our collaboration with KC Academy aims to provide the best training services and benefits for our valued clients

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