Overview

This course addresses fundamental issues related to the variety of service and support contracts (drilling, seismic, well logging, construction, consulting services) used in the upstream segment of petroleum industry. Generally, these contracts are arranged and administered by the Operator on behalf of the participants e.g. “joint venture working interests”.

Commercial success in the petroleum industry often depends upon applying and developing technology that allows petroleum operations to be conducted in increasingly remote and hostile locations. Protecting the rights to these innovations and being able to license their use by third parties has become a standard consideration in relations between Contractors and their client companies.

The participants will apply the material discussed to the Case Study.

Contents

The following topics are presented in the course:

Contractor Selection - Tendering procedures, preparation of bid packages, bidding strategies, ensuring the integrity of bidding, bid evaluation, awards and variations.

General Obligations of Contractor & Company – Special and general contract conditions, formation of alliances with operators or suppliers, using industry precedents, performance standards, force majeure events.

Liability and Risk Control – Surface and downhole conditions, environmental, personnel and equipment, insurance, and warranties.

Technology Development & Transfer - Acquisition and control of proprietary information, patent rights, technology licensing, confidentiality.