Stronger Negotiator series
Liquidated Damages Masterclass
For: operators, suppliers and contractors of any tier
Format: online live training
Duration: 2 hours plus Q&A
Date: 4 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 count time and money
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.
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)
Vijayan Moolayil
Contracts Manager at Dubai Petroleum
I recently attended Olga’s O&G Upstream Contracts Masterclass which was rich in content and contemporary data. Olga took great efforts to deliver a tailor made course considering our specific requirements, this was of great value to our teams with diverse experience in contracts. Olga’s enthusiasm and humour ensured that we stayed engaged despite the heavy legal topics and online delivery. The final test was challenging, unlike the usual ‘tick-the-box’ exercises we come across with other providers; Olga had carefully crafted the questions to maintain the high standards of course objectives. Highly recommended for all levels of Upstream O&G Contracts professionals 👍🏻
Tripta Khatwani
Head-Contracts & Procurement- Petronas Abu Dhabi
I had the opportunity to attend Olga’s first virtual class on ‘Understanding Terms & Conditions in Upstream O&G’. As a contracts specialist in this industry, this course had a direct linkage to my work and turned out to be extremely beneficial for me. Olga is an incredible trainer. She brings forward her vast experience in the industry through this 3 day course. All the concepts are made easier to understand through illustrations, practical examples and exercises. Olga makes the course very interactive and manages to address and clarify all related queries. I highly recommend Olga as a trainer and a mentor 🙂
Maher Al Balushi
General Manager, Oman – Director of Business Development
Olga delivered in-house contract course for my team, we went through newly drafted Revenue Generating Contract Procedure and covered many contractual concepts like liabilities, indemnities, special (catastrophic) events etc. I enjoyed Olga’s style of delivery, all the exercises, engagement and interaction. Recommended!