Stronger Negotiator series
Force Majeure Regime
For: operators, suppliers and contractors of any tier
Format: online live training
Duration: 2 hours plus Q&A
Date: 9 July 2024
Choose time: 15:00 Dubai or 15:00 Mexico City
Price: $85
Designed for:
Upstream oil and gas professionals from non-legal backgrounds: supply chain management, procurement, commercial
You will achieve:
Skill to review and negotiate FM clauses in upstream oil and gas with balanced risk allocation approach
Trainer:
Olga Labai brings forward 20+ years of international upstream oil and gas experience
Our Focus:
To equip attendees with tools that allow to save millions of dollars and hundreds of hours on contracts
When you draft contracts in a smarter way
Contracts in the oil and gas upstream sector are extremely complex and establish numerous concurrent obligations of the parties. This interactive session will provide a practical approach to situations when a contract cannot be honored due to the Force Majeure event.
The consequences of the COVID-19 outbreak for the energy sector have been wide reaching, with issues such as workers self-isolating, rig closures and disrupted supply chains. A number of oil and gas companies faced an inability to fulfil their contractual obligations, which caused them to invoke “force majeure” provision of contracts.
This session will cover critical aspects of contractual concept called Force Majeure, application of which has direct effect on parties’ commercial outcomes.
This session contains best practices for:
- Supply chain management professionals
- Contract engineers and managers
- Tender and bid preparation specialists
- Contract negotiators of all levels
- Project managers
- Operational and technical personnel
- Business development specialists
- Cost recovery and tax experts
And other non-legal specialists, who have exposure to revenue generating or procurement contracts as part of their roles (in upstream operators, suppliers and contractors)
Difficulty level of this session:
Trainer: Olga Labai
I bring forward 20+ years of experience in upstream oil and gas to teach how to save millions of dollars and hundreds of hours on contracts.
- 1500+ students trained
- 2016-2019 CIPS Direct Associate
- 2015-1016 EIC resident trainer
2+ hours of live online session
Live class with Olga Labai, exact time depends on length of Q&A part
Presentation materials
Delegates will receive presentation materials (will be available within 24 hours after session)
Recording
Access to session recording (will be available within 24 hours after session)
OUR CLIENTS AND STUDENTS
Oil and Gas Consultants has been on a consistent excellence journey for 10 years. People choose us because of our pragmatism – any training must contain practical take-aways to transform their organization’s contracting practice and, as a result, save millions of dollars and hundreds of hours a year.
PRICING
Termination and Suspension Provisions
$85 one session
2+ hours
Live online class including Q&A
Session materials
Lifetime access to recording
This session provides deeper understanding of drafting, reviewing and negotiating suspension and termination clauses in upstream oil and gas contracts.
Full access to Stronger Negotiator series
$78 per session
10+ hours
- Liquidated Damages Masterclass
- Force Majeure Regime
- Termination and Suspension Provisions
- Commercial Impact of Contractual Indemnities
- Commercial Impact of Contractual Discrepancies
$425 $390
With the sessions forming Stronger Negotiator series upstream oil and gas professionals will gain practical skills to review, draft and negotiate most impactful commercial aspects in contracts, in light of industry contract risk allocation standards.
Access to individual sessions of Stronger Negotiator series
Liquidated Damages Masterclass 4 July 2024
Date: 4 July 2024
Choose time: 15:00 Dubai or 15:00 Mexico City
Price: 85$
Format – online
Being a real “threat” to contracting parties in any project, delays in supply and delivery trigger discussion about liquidated damages. LD clause is one of the most contentious parts of contract preparation and negotiations. Find out how to minimize your risk with the essential knowledge required to negotiate a balanced and fair LD clause. In this practical guide, you will get clarity on all factors that must be taken into account in your contract negotiations and dispute resolution.
Force Majeure Regime 9 July 2024
Date: 9 July 2024
Choose time: 15:00 Dubai or 15:00 Mexico City
Price: 85$
Format – online
Contracts in the oil and gas upstream sector are extremely complex and establish numerous concurrent obligations of the parties. This interactive session will provide a practical approach to situations when a contract cannot be honoured due to the Force Majeure event. The consequences of the COVID-19 outbreak for the energy sector have been wide reaching, with issues such as workers self-isolating, rig closures and disrupted supply chains. A number of oil and gas companies faced an inability to fulfil their contractual obligations, which caused them to invoke “force majeure” provision of contracts. This session will cover critical aspects of contractual concept called Force Majeure, application of which has direct effect on parties’ commercial outcomes.
Commercial Impact of Contractual Indemnities 11 July 2024
Date: 11 July 2024
Choose time: 15:00 Dubai or 15:00 Mexico City
Price: 85$
Format – online
This session focuses on indemnities, the most applied risk application tool for oilfield contracts. Most common indemnities in drilling and oilfield services contracts will be explained in the set of easy-to-learn examples and schemes, with exercises to ensure participants understand the enormous commercial impact of contractual indemnification. This class is based on training materials from the well-known course “Understanding Contractual Terms and Conditions”, which has been delivered to more than 1500 industry professionals during 10 years and received high rating from attendees.
Termination and Suspension Provisions 16 July 2024
Date: 16 July 2024
Choose time: 15:00 Dubai or 15:00 Mexico City
Price: 85$
Format – online
Contracts in the oil and gas upstream sector are extremely complex and they establish numerous concurrent obligations of the parties. Yet provisions related to termination and suspension of the services, work or supplies are often overlooked. The parties sign contracts where such provisions are “standard”, which means they don’t reflect the real scenarios that may occur if a specific contract is suspended or terminated. As a result, the parties not only face a difficult situation of termination or suspension, they end up resolving interpretation disputes, navigating the “standard” wordings that have never been adjusted to meet commercial and technical specifics of the scope. This session will provide important updates in common law on the topic of termination, which influenced upstream oil and gas sector.
Commercial Impact of Contractual Discrepancies 18 July 2024
Date: 18 July 2024
Choose time: 15:00 Dubai or 15:00 Mexico City
Price: 85$
Format – online
By far the biggest error in upstream oil and gas contracts is a disconnect between the essential parts of the contract. Scopes often do not correlate with pricing schedules, and the latter is often overridden by the T&C, which in turn contain standard template wordings and – classic danger – take precedence over the rest of the contract. Lawyers draft terms and conditions of contract templates for their future application and no specific scope or pricing arrangements can be taken into account when they draft. As a result, mere cut and paste of template T&C to specific scope and specific rates of schedule brings upstream sector to disastrous consequences, where contracts do not serve their purpose. Learn to identify the most impactful gaps of “standard” contract engineering and eliminate risk of not having clear contractual governance, when it is most needed. With five stories from real projects, you will be able to sharpen your contract drafting skills.
TESTIMONIALS
(verifiable via Linked In)
Jamie Harper CCMP
Commercial Manager at DCN Diving Middle East and Africa
I recently attended Olga’s course Understanding Contractual Terms and Conditions at Maersk Training Centre in Dubai South. It was a great experience learning from someone with a clear passion for the subject, and an interesting background in the industry.
This course is highly recommended for people that deal with contracts on a regular basis but do not have the necessary legal background to confidently manage it.
Looking forward to future related courses.
Perva Meneses
Legal Counsel at ENI Angola
She is the best teacher for Gas and LNG contracts I’ve met!! Very funny, lots of experience!! She is amazing!
Lalit Dhamija
GCIPS Direct Associate & Vice President Supply Chain
Olga is a dedicated , sincere, innovative as well as an intelligent and a knowledgeable trainer.
She is a tutor par excellence who adds significant value to the learning of her students.
Olga has contributed to CIPS Branch events in the UAE and abroad & is a sought after speaker on Contracts Management , Law and various other Procurement and Supply subjects. She is a thorough professionals and one who is always available to provide help and guidance to her colleagues