Contract Management & Procurement
for Oil & Gas Projects

Duration: 5 Days
Target Audience: Contract Managers, Procurement Professionals, Project Managers, Legal Advisors, and Engineers in Upstream Oil & Gas
Delivery Mode: Classroom / Virtual with Practical Contract Workshops and Case Studies
Level: Intermediate to Advanced
Price: USD 4,600

Course Overview

This course equips participants with practical skills for effective contract management and procurement processes in upstream oil and gas projects. It covers contract strategies, drafting key terms, tendering, bid evaluation, negotiation techniques, claims management, and legal essentials to help reduce risks and optimize project outcomes.

Day-by-Day Outline

Day 1 – Contract Strategies & Frameworks

- Types of contracts in upstream projects: lump-sum, reimbursable, EPIC, hybrids
- Choosing appropriate strategies for project objectives
- Developing contracting plans aligned with project phases
- Exercise: Draft a high-level contracting strategy for a sample field

Day 2 – Contract Drafting & Key Terms

- Essential clauses: scope, price, schedule, performance guarantees
- Payment terms, change orders, and milestones
- HSE, insurance, and force majeure considerations
- Workshop: Analyze a sample upstream services contract

Day 3 – Procurement & Tendering Processes

- Creating procurement plans and bid packages
- Prequalification of vendors and suppliers
- Conducting tendering processes: ITTs, RFQs, RFPs
- Exercise: Prepare a procurement schedule and evaluation matrix

Day 4 – Negotiation & Contract Administration

- Negotiation tactics for technical and commercial terms
- Awarding contracts and managing contract execution
- Contract administration and communication practices
- Workshop: Simulate a negotiation session with a vendor

Day 5 – Claims Management & Dispute Resolution

- Identifying and managing claims and variations
- Methods for resolving disputes: negotiation, mediation, arbitration
- Documenting contract performance and lessons learned
- Capstone Exercise: Draft a claims management plan for a drilling campaign

Expected Learning Outcomes

Design effective contract strategies tailored to project needs
Draft, review, and negotiate upstream contract terms
Plan and execute procurement processes aligned with project schedules
Administer contracts professionally, including handling claims
Resolve disputes efficiently to minimize project disruptions

Training Methods

- Classroom instruction and interactive discussions
- Case studies and exercises with real-world data
- Excel-based economic models and production forecasts

Customization for Regional Needs

- Examples from regional onshore/offshore fields
- English delivery option available
- Integration with national regulatory framework

Trainer Profile

- Multidisciplinary instructors (reservoir, production, drilling)
- Regional NOC/IOC engineering advisors
- Guest speakers from petroleum economics and HSE backgrounds

Certification

Certificate of Completion and individual assessment report provided.