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Pre-Contract Risk Assessment in the Oil & Gas Industry

An Interactive 5-Day Training Course

Pre-Contract Risk Assessment in the Oil & Gas Industry

Tips for Negotiation & Renegotiation of Oil & Gas Contracts

NASBA
Classroom Schedule
Date Venue Fees
20 - 24 Jul 2026 Istanbul $ 5,950
09 - 13 Nov 2026 London $ 5,950

Course Summary

Pre-Contract Risk Assessment within the oil and gas industry is central to successful contract negotiation and mitigation of commercial and legal risks. This course offers a thorough review of common oil and gas contracts, with particular emphasis on identifying contractual pitfalls that emerged in light of COVID-19 and how to address them effectively. Participants explore risk management concepts, negotiation strategies, and commercial risk issues, equipping them with the ability to negotiate enforceable contracts that enhance profitability and reduce exposure. The Pre-Contract Risk Assessment in the Oil & Gas Industry training course provides professionals with the foundation to analyse commercial risks, understand legal frameworks, and apply negotiation techniques in complex international contexts.

Throughout the five days, delegates deepen their understanding of contractual components, negotiation tactics, risk prioritisation, and dispute resolution strategies. Practical application of these concepts through structured learning builds confidence in addressing contractual risk areas, including boilerplate clauses, force majeure provisions, indemnity, and arbitration. The Pre-Contract Risk Assessment in the Oil & Gas Industry training course prepares participants to engage in profitable negotiations, draft stronger contract terms, and mitigate common contractual risks before contracts are finalised.

Skills & Competencies

From this Pre-Contract Risk Assessment in the Oil & Gas Industry training course, participants will develop the following key skills and competencies:

  • Contract risk identification and mitigation
  • Commercial negotiation proficiency
  • Legal framework and boilerplate clause analysis
  • Strategic risk prioritisation
  • Force majeure and indemnity understanding
  • Dispute resolution clause application

Key Learning Outcomes

At the end of Pre-Contract Risk Assessment in the Oil & Gas Industry training course, you will learn to:

  • Understand the fundamentals of commercial contracts in the oil and gas industry.
  • Identify key contractual risks and common pitfalls post COVID-19.
  • Apply negotiation strategies to achieve profitable contract terms.
  • Analyse boilerplate provisions and risk implications.
  • Evaluate and draft effective dispute resolution clauses.

How You Will Learn

Learning unfolds through structured exploration of commercial contracts, legal risk management, and negotiation tactics within the oil and gas sector. Participants engage with practical examples, exercises, and interactive discussion to apply risk assessment principles and negotiation strategies. Emphasis is placed on translating contract theory into real-world commercial and legal decision-making.

Who should Attend?

This training course is designed for professionals involved in contract negotiation, risk management, and commercial decision-making within the oil and gas sector.

This Pre-Contract Risk Assessment in the Oil & Gas Industry training course is suitable to a wide range of professionals but will greatly benefit:

  • Commercial managers in oil and gas
  • Geologists and engineers seeking contract knowledge
  • Legal practitioners in energy sector
  • Insurance and risk managers
  • Policy makers and government regulators
Course Outline
Day 1

The Commercial and Legal Framework

This day introduces the legal principles and commercial framework governing oil and gas contracts. Participants explore contract formation, terms, interpretation, and remedies for breach. The topics covered will include:  

  • The Legal System & Fundamental legal principles
  • Mandatory elements of a legally enforceable contract    
  • Contract formation
  • Terms and conditions     
  • Contract terms
  • Interpretation of contract terms
Assessing Available Remedies for Breach of Contract in the Oil and Gas Industry 
  • Rescission
  • Compensatory damages
  • Consequential and incidental damages
  • Liquidated damages
  • Specific performance
  • Injunctive Relief
Avoiding Risk through Contract Termination Clauses: Lessons from the Oil & Gas Industry
  • Common termination clauses
  • Penalty provisions
  • Avoiding common pitfalls
Day 2

Understanding Common Oil & Gas Upstream Contracts: Tips Post COVID-19

This day focuses on the structure and risks of key upstream contracts. Participants review production sharing, joint operating, drilling, and service agreements. The topics covered will include:   

  • Production Sharing Contracts and similar agreements
  • Joint Operating Agreements
  • Farmout/Farm-in Agreements
  • Drilling Contracts
  • Service and Supply Contracts
Day 3

Post COVID-19: Reducing Risk through Effective Use of Force Majeure Clauses

This day emphasises force majeure clauses and risk assessment. Participants learn to assess risk types and develop minimisation strategies. The topics covered will include:

  • Understand the purpose and risks this clause is intended to mitigate and the impact of COVID-19
  • Avoiding common Force Majeure pitfalls
  • Protect yourself from abuse and misuse of this clause
  • Mechanics of exercising Force Majeure rights
Assessing and Managing Risk in Oil and Gas Contracts
  • Determining and assessing types of risk
  • Prioritizing risk
  • Developing Risk Minimization Strategies
Day 4

Avoiding Common Contract Pitfalls & Negotiations

This day explores boilerplate clause risks and negotiation strategies. Participants examine indemnity provisions and engage in drafting exercises. The topics covered will include:

  • Review boilerplate classes
  • Issues during and post COVID-19
  • How to negotiate profitably
  • Negotiation Case
Insurance & Indemnity in Oil and Gas Contracts
  • Issues that must be considered at the pre-contractual phase
  • Post contract negotiations
  • Examples of various type of indemnity provisions
  • Good practice
  • Contract drafting exercise – Drafting effective indemnity clauses
Day 5

Dispute Resolution in Oil and Gas Contracts

This day focuses on resolving disputes through various mechanisms such as negotiation, arbitration, mediation, and litigation. The topics covered will include:

  • Issues that must be considered at the pre-contractual phase – drafting tips
  • Types of dispute resolution vehicles: Negotiation, arbitration, mediation, litigation, expert determination
  • Importance of the dispute resolution clause
  • Framing the dispute resolution clause
  • Ad hoc dispute resolution agreements
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 Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers and Associations

Endorsed Education Provider

NASBA

In Association With

Options & Brochure
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NASBA

Customisation & In-House Delivery

Delivering this training course in-house supports organisations in aligning pre-contract risk assessment strategies with internal commercial processes and sector-specific challenges. Customisation enables teams to focus on real-life contractual scenarios, enhancing negotiation outcomes and commercial risk mitigation in their operational context.

Why Choose Saudi GLOMACS?

Saudi GLOMACS is the official Saudi Arabian division of GLOMACS International (glomacs.com), delivering internationally recognised training courses both within Saudi Arabia and across international locations. Our training courses are aligned with the highest professional and institutional standards, supported by a strong understanding of the professional landscape in Saudi Arabia and access to global expertise.

Saudi GLOMACS enables professionals and organisations to strengthen leadership, capability, and long-term excellence through consistently high-quality learning experiences.

Official Saudi Presence

Official Saudi Arabian division of GLOMACS with established global credibility.

International Benchmarks

Internationally benchmarked training courses aligned with professional best practices.

Trusted Across Sectors

Trusted by professionals and institutions across public and private sectors.

Flexible Delivery

Training courses delivered within Saudi Arabia and across international locations.

Additional Benefits of this course for Organisations and Professionals in Saudi Arabia

Organisations & Professionals in KSA will have the following additional benefits from this Pre-Contract Risk Assessment in the Oil & Gas Industry training course:

  • Stronger ability to assess and mitigate contract-related risk
  • Enhanced negotiation skills for international contracts
  • Improved understanding of legal and commercial frameworks
  • Higher confidence in drafting enforceable contractual clauses
  • Increased commercial profitability and risk reduction
  • Better preparedness for dispute resolution mechanisms
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Frequently Asked Question

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

No. Our training courses are delivered globally through international locations and online platforms, enabling participants from Saudi Arabia and around the world to learn together. This global delivery approach ensures exposure to diverse perspectives, international best practices, and cross-cultural insights while maintaining strong relevance to regional and organisational needs.

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Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Yes, in-house and customised strategy training courses are available to support organisations seeking tailored strategic capability development. These courses can be aligned with your industry context, organisational challenges, and long-term strategic objectives.

For further details or to discuss customisation requirements, you may call or WhatsApp +966 (54) 286 8546 or email [email protected] . You can also submit a detailed enquiry through our in-house training page at: https://sa.glomacs.com/in-house-seminars

If you would like further information about these training courses, our team is available to provide professional guidance and support. We are pleased to assist with course selection, the registration process, and any other related enquiries.

For personalised assistance or detailed enquiries, please contact our team on +966 (54) 286 8546 or email us at [email protected]

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

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