Rike Service, Inc.

 Practical Petroleum Training

 
 

 

 

 

 

International Oil & Gas Contracts & Negotiation

(5 days)

For: Technical and business managers in the oil and gas industry who are involved in the negotiation of the terms of international oil and gas contracts

Learn to understand the fundamentals of international oil and gas agreements and how to apply this knowledge with negotiation techniques and strategies that work in international and multicultural settings. After attending this course, you’ll be able to obtain enforceable agreements that contain terms and conditions most productive for your company. Plenty of discussion and hands-on practical exercises will give you an understanding of the art of negotiations. You will understand the components of “the deal”, timing, strategies for gaining the upper hand in negotiations, games opponents play, good vs. bad negotiations, pitfalls of positional bargaining, the importance of relationships, and a step-by-step checklist of elements to understand. Learn when and why your attorney should be involved to accurately draft an agreement. You leave this course better equipped to negotiate profitably with international companies and governments, with an understanding of the negotiation process to obtain the terms you seek. Most importantly, you will learn how to effectively and meaningfully negotiate in concert with your attorney and how to get the terms negotiated into an enforceable international oil and gas agreement.

Major Topics Covered:

  • Explanation & Analysis of Key Provisions in International Oil & Gas Contracts, including Operating/Joint Venture, Concession/Royalty, Study and Bid Group, Hydrocarbon Sales, Insurance & Service Company Agreements: Negotiation Techniques

  • Cultural & Language Differences

  • The Role of Counsel

  • Executing a Contract