Understanding Energy Contracts

By the end of this training course, participants will be able to:

• Understand the global energy market and the structure of energy contracts
• Assess risks in the energy industry and know how to minimize those risks
• Examine and analyse the differenct energy contracts both upstream and downstream
• Assess critical issues faced during contract lifecycle and know how to negotiate appropriate contractual clauses
• Avoiding pitfalls in contract negotiations and ambiguous contractual terms

CONTENT

Introduction to Energy Contracts

• Energy Laws, Policy, Business Ethics
• Renewable Energy Issues
• Petroleum Policy & Economics
• Environmental Issues
• Human, Socio-economic and Cultural Impacts

Energy Contracts

• Gas Sale Agreement (GSA)
• LNG Sale and Purchase Agreement (SPA)
• Time Charter Party Agreement
• Terminal Use Agreement
• Decommissioning

Upstream Energy Agreements

• Oil and Gas Concessions
• Production Sharing Contracts
• Service Contracts
• Joint Operating Agreements (Joint ventures)

Risk-Based Contracting

• Key Oil and Gas Specific Clauses
• Key Performance Clauses
• Liquidated Damages
• Risk Allocation & Risk Assessment

Structure of Transportation & Power Purchase Agreements

• Gas Sales Agreements
• Power Purchase Agreements
• Transportation Agreements
• Take or Pay Agreements

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.