An Interactive 5-Day Training Course
Oil & Gas Law
Contracts and Liabilities
Course Overview
This GLOMACS Oil & Gas Law training course will help clients develop a strong understanding of some key commercial transactions and contracts in the oil and gas sector. Those taking the training course will be equipped with knowledge of different types of contracts and commercial arrangements entered into by commercial parties in the course of the exploration and production (upstream) and the sale (downstream) of oil and gas.
This Oil & Gas Law training course will highlight:
- The commercial rationale, underlying some key commercial transactions, and the structure and content of contracts used in the oil and gas industry in the context of upstream and some downstream operations
- The nature and variety of commercial and legal issues and problems, arising in the context of commercial transactions, and some typical contractual solutions to these problems
- Commercial joint venture arrangements, such as joint operating and unitisation agreements
- Service contracts, such as drilling contracts, and the risk allocation clauses in such contracts
- Contracts for the acquisition and disposal of assets, such as farm-out agreements
- Sales agreements, such as oil sales contracts and long-term gas sales agreements
Training Outline
DAY 1: Introduction to Oil and Gas Commercial Contracts
- General principles of oil and gas contract law
- Key players in the international oil and gas industry
- The main licensing and contractual arrangements in upstream
- Principal standard form contracts used in the industry
- The key legal contractual risk management issues
- Contracts for downstream activities
DAY 2: Joint Operating and Unitisation Agreements
- The rationale, purpose, and basic principles of a Joint Operating Agreement (JOA)
- The appointment, duties, and removal of the operator
- The operating committee
- Sole risk and non-consent options
- Cash calls, default, and its consequences; under-/over-lifting
- The rationale, purpose, and basic principles of a Unitisation Agreement (UA)
- The re-determination procedure in a UA and its consequences
DAY 3: Service Contracts and Agreements on Acquisition and Disposal of Assets
- Service contracts generally
- Drilling contracts: Basic structure and key issues
- Risk allocation provisions in service contracts: Indemnity and limitation of liability clauses
- Agreements on acquisition and disposal of assets: General introduction
- Farm-out agreements: Basic principles
- Farm-out agreements
DAY 4: Oil Sales Contracts and Gas Sales Agreements
- Sale and purchase and transportation agreements
- Oil sales contracts: General introduction and the overview of the role of English law and the UN Sales Convention
- Oil sales contracts: Basic rights and obligations of the parties under English law and the UN sales convention
- Oil sales contracts: Specific obligations of the seller under CIF and FOB contracts
- Gas sales agreements: General introduction
- Detail terms in gas sales agreements
DAY 5: Understanding Key Clauses in Oil and Gas Contracts
- Managing risk with indemnity, limitation, and exclusion of liability clauses
- Forms of exclusion clauses (and why it matters) common carve-outs
- The ‘knock for knock’ regime, benefits, and disadvantages
- Guarantee, performance & penalties
- Termination rights
- Force majeure
- Political and other risks
- Change in law
- Dispute resolution and claims management
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA 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: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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