Minimizing contract risk and increasing contract compliance used to be one of those topics that elicited mild interest at best from oil and gas executives. While it is true that internal audit groups have always spot checked contracts for compliance, most of these groups simply have not had the resources or the compelling motivation to focus on contract compliance as a thorough and ongoing discipline.

 

The recent oil price collapse, however, has revitalized interest in this characteristically staid subject: companies must cut costs, and reduce erroneous and/or excessive contractor charges as an effective way to save substantial sums. But there is a catch. Oil and gas companies routinely deal with hundreds of contractual relationships across a vastly extended enterprise. Can such complexity be managed in a way that will not overwhelm internal resources? Is overall contract stability even possible in an environment characterized by difficult financial conditions and complicated operating models?

 

One of the major functions of contracting is to ensure that risks to owners and contractor are identified and managed in a way that both parties are satisfied with the project outcome.  While a contract cannot, of itself, make risk go away, it can, and should, identify the risks, determine who is responsible for managing each individual risk, and for the consequences should the risk occur.  We have developed this interesting and fast paced seminar to provide participants with:

 

  • Critical understandings of the risk mitigation process
  • Knowledge to move contracts from the tactical to a more important strategic focus
  • Ability to identify risks that can arise
  • Skills in allocating contract and procurement risk
  • Examples of contract terms and conditions which allocate risk

COURSE LOCATIONS

Code From To City Fees
CM42 17 Feb 2020 21 Feb 2020 London US$ 5000 Register
CM42 12 Apr 2020 16 Apr 2020 Jeddah US$ 4000 Register
CM42 15 Jun 2020 19 Jun 2020 Jakarta US$ 5500 Register
CM42 03 Aug 2020 07 Aug 2020 Rome US$ 5500 Register
CM42 19 Oct 2020 23 Oct 2020 Kuala Lumpur US$ 4500 Register
CM42 14 Dec 2020 18 Dec 2020 Bali US$ 5500 Register


DUBAI OFFICE

Ittihad Deira Building,
Al Ittihad Rd, Deira
Dubai,
UAE

info@petrogas-training.com

USA OFFICE

642 E14 Street,
10009-13 Manhattan,
New York (NY)
USA

info@petrogas-training.com

EGYPT OFFICE

52 General Kamal Hejab Street,
Suez Bridge,
Cairo,
Egypt

info@petrogas-training.com
 

COURSE CERTIFICATE

Certificate of Completion will be provided to the candidate(s) who successfully attend and complete the course. Training hours attendance percentage of 75% is required.


TRAINING HOURS

Standard course hours: 8:30 A.M. to 3:30 P.M. Informal discussions: 4:30 P.M. to 5:30 P.M.


TRAINING METHODOLOGY

We use a blend of interactive and hands-on methods, active participation, a variety of instructional techniques, dynamic presentations, individual and group exercises, in depth discussion, DVD’s, role-plays, case studies, examples. All of the information, competencies, knowledge and skills acquired within our training programs, are 100% transferrable to the participants’ workplace.


ASSESSMENT & EVALUATION

Pre-Test and Post-Test Assessment are applied on 5-day and 10-day programs. Also, post course evaluation and candidate’s evaluation are applied to add another level of quality measurement. Candidates’ feedback is highly appreciated to elevate the training service quality.


ORGANIZATIONAL IMPACT

A- Have staff trained in the latest training and development approaches

B- Support nationalization and talent management initiatives

C- Have properly trained and informed people who will be able to add value

D- Gain relevant technical knowledge, skills and competencies


PERSONAL IMPACT

A- Develop job related skills

B- Develop personal skills in subject matter

C- Have a record of your growth and learning results

D- Bring proof of your progress back to your organization

F- Become competent, effective and productive

G- Be more able to make sound decisions

H- Be more effective in day to day work by mastering job-related processes

I- Create and develop competency to perform job well


FREQUENT NOMINATIONS SCHEME

A- 10% discount after 05 candidates’ registration.

B- 15% discount after 10 candidates’ registration.    

C- 20% discount after 20 candidates’ registration.

D- 25% discount after 25 candidates’ registration.

E- 30% discount after 30 candidates’ registration

F- Higher discount rates will be offered based on work volume with different clients.  


SEVERAL NOMINATIONS ON THE SAME COURSE SCHEME

A- One extra free seat is offered on 4 candidates on the same course and dates.

B- Two extra free seats are offered on 6 candidates on the same course and dates.

C- Three extra free seats are offered on 8 candidates on the same course and dates.

D- Four extra free seats are offered on 10 candidates on the same course and dates.

E- Five extra free seats are offered on 12 candidates on the same course and dates.


REGISTRATION POLICY

Nominations to our public courses are to be processed by the client’s Training and/or HR departments. A refund will be issued back to the client in the event of course cancellation or seat unavailability. A confirmation will be issued to the relevant department official(s). 


CANCELLATION POLICY

If a confirmed registration is cancelled less than 5 working days prior to the course start date, a substitute participant may be nominated to attend the same course or a 20% cancellation charge is applied. In case of a no-show, a 100% fee will be charged.


PAYMENT POLICY

Payment is due upon receiving the course confirmation, invoice and/or proforma invoice. However; the fee due can be wire transferred to our bank account directly after course completion. Our bank details are illustrated on the confirmation, invoice and proforma invoice, as well. The above documents can be communicated electronically, i.e., in a soft copy or/and in hard copy based on customer’s request.


COPYRIGHT

© 2017. Material published by PETROGAS shown here is copyrighted. © 2017. All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing in any medium, transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.