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Audio version brochure

CPD400-1

1 Week Training Program

Petroleum Drilling Contracts

Building Skills in

  1. Drilling Risks Assignment

  2. Drafting Enforceable Contract Conditions

  3. Contract Administration that Helps Meet Objectives

  4. Benchmarked to IADC, API and other Industry Standard Contracts

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1 Week Training Programs

Seattle, USA
16-20 Dec 2024
London
30 Dec 2024- 3 Jan 2025
Dubai
6-10 Jan 2025
Kualalumpur
20-24 Jan 2025
Dubai
3-7 Feb 2025
London
17-21 Feb 2025
New York
2-6 March 2025
Seattle, USA
16-20 March 2025
Istanbul
30 March-3 April 2025
New York
13-17 April 2025
Dubai
27 April-1 May 2025
Kualalumpur
11-15 May 2025
London
25-29 May 2025



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What is Covered in this Program

  1. This program provides understanding of Oil & Gas Drilling Substantial Commercial, Technical, Safety and Community related Risks and how they are typically assigned between the stakeholders. This program will further show how risks change from Wild Cat Wells to Production Wells and what provisions need to be added to clarify risks and liabilities.
    This program will briefly discuss the process of Contracting Out Drilling Oil & Gas wells to Specialist and well-Resourced Drilling Contractors.
    This program will provide the required multi-discipline multi-stakeholder knowhow to help your organization meet the operational and strategic objectives on drilling contracts.
  2. Drilling Contracts define the rights and responsibilities of the parties. The contracts mention situations, under which the contractor will be entitled to reimbursement of his losses or recoverable costs. These situations need to be administered carefully to prevent unrecoverable costs being charged by the Drilling Contractor. Industry Standard Contracts referenced include IADC, API and others.
    The E&P operator or field owner provides to drilling contractor information and data on the site, permits, access to site, some materials as mentioned in contract, and, expected and maximum depths to be drilled. Drilling Contractors are expected to have the required professional expertise and judgement, perform diligently and to good professional standards.
    Safety and Accident Incidents are recorded and documented. Major Risks are often covered by Insurance. Blowout is usually the responsibility of the Operator. Responsibility for Lost circulation and any redrilling requirements depends on specific circumstances, Supervisory Control and Contract.
    This program will provide the participant a detailed understanding of the Contractual and management aspects of each of the above-mentioned processes and events.
    Sometimes the drafted special conditions are modified on a drilling project to assign additional responsibility and risk on a stakeholder. These risks do not get effectively transferred unless the related decision making, contract administration and disclosures are effectively performed. This program provides the participants the necessary understanding and knowhow.
    The program will also discuss the effective Contract Administration, Data and Information sharing and Mitigation Steps required to ensure your organization's liabilities of Oil & Gas Drilling Contracts are not avoidably Increased.
    This program will also discuss Contract Administration Good and Best Practices to ensure Drilling Risk Events are Adequately Documented, Mitigated and Rapidly Resolved to avoid increasing their impacts on the Stakeholders.
    This program benchmarks its discussions with IADC, API and other Oil & Gas Industry Standard Contracts

Who Should Attend

  1. This program is intended for Oil & Gas Drilling Contract Administrators, Professionals, Project Managers, Legal Department, Consultants and Coordinating Executive Managers.
  2. This Program will also benefit Drilling Project Operational Auditors, Finance Staff and Drilling Planning Professionals.

Program Content & Modules

Petroleum Drilling Contracts Understanding, Administering & Drafting Special Conditions


  1. Understanding the Business Aspects of Drilling for Oil & Gas
  2. Understanding Drilling Operational & Strategic Objectives
  3. Administering Request for Approval of Drilling Contractors & Sub Contractors
  4. Drilling Contractor Procurement Process & Stakeholders
  5. Sharing of Data and Information by the Stakeholders
  6. Drilling Financial Risks
  7. Drilling Technical Risks
  8. Drilling Operational Mitigation Risks
  9. Risk Distribution Options

    (1) Daywork or Footage Contracts

    (2) Turnkey Contracts

    (3) Mixed Contracts
  10. Understanding the Drilling Contracts and Risks Sharing by the Stakeholders
  11. Industry Standard Contracts IADC, API and others
  12. The Right and Wrong Ways to Customize Standard Drilling Contracts
  13. Administering the Ongoing Drilling Contracts
  14. Administering Standards of Crew & Workmanship
  15. Interpreting Recommendations and Interpretations
  16. Administering Control of the Services, Data, Drawings and Documents
  17. Administering Responsibility for Permits and Approvals
  18. Applicable Laws and Regulations
  19. Administering Contract and Contractor Registration
  20. Administering Offshore Transportation Arrangements
  21. Contractor Provided Items Scope & Quality
  22. Company Provided Items Scope, Process & Quality
  23. Administering Variations or Changes in Work Requested
  24. Administering Responsibility for Safety & the Environment
  25. Administering Contractor requests for Compensation, Invoices, Payment
  26. Management of Disputes
  27. Administering Indemnification Events

    (1) Loss of Down-Hole Equipment,

    (2) Loss of or Damage to Hole,

    (3) Blow Out or Crater,

    (4) Reservoir Damage,

    (5) Pollution,

    (6) Consequential Damages
  28. Administering Liability for Taxes and Duties
  29. Parties to Follow Local Laws and related Indemnifications
  30. Administering requests for Assignment & Subcontracting
  31. Administering Claims of Liability for Infringing Patents, Copyrights and Technology
  32. Administering Publicity Requests
  33. Administering Audit Rights of Owner
  34. Restrictions about Commissions or Fees
  35. Administering failure of Contractor to pay Subcontractors in a Timely Manner
  36. Administering Contract Termination Situations
  37. Applicable or Governing Law
  38. Administering Notice of Arbitration for Dispute Resolution
  39. Procedure for Notices under Various Clauses
  40. Scope of Services to be Provided
  41. Administering Checks for Equipment and Personnel Technical Specifications
  42. Administering Compensation Payments
  43. Commercial Specifications
  44. Administering Failure to Fulfil Responsibility for Safety
  45. Administering Compliance and Failure to Comply with Occupational Health & Environmental
  46. Standards & Specifications Applicable
  47. Administering Approvals for Subcontracting Proposals
  48. Limits of Liabilities of the parties
  49. Administering Insurance Compliance
  50. Contract Duration and Milestones
  51. Administering Contract Term Extension Requests or Instructions
  52. Administering Compliance with Income, Profits, and other taxes
  53. Responsibility for Import Duties, Importation and Exportation of Equipment
  54. Administration of Good Standing Status of Foreign Contractors in Country
  55. Administering Requests from Contractor for More Information
  56. Administering Requests for Assistance from Contractors
  57. Administering Drilling Contractor Claim Requests
  58. Benefits of Double Taxation Agreements
  59. Administering Force Majeure Claims
  60. Early Warning System for Emerging Drilling Risks
  61. Daywork, Footage Contracts, Turnkey Contracts
  62. Operator or field owner provided information and data on the site etc..
  63. Understanding Responsibilities of Both Parties to Mitigate Impact of Risks
  64. Program Recommendations & Next Steps
  65. Participant Customized Outline Action Plan

1 Week Training Program

Outcomes & Takeaways

Outcomes and Takeaways Overview
  1. Knowhow and Technology Transfer to the Participants. Building relevant Understanding, Competencies & Process Knowledge.
  2. Multi-discipline understanding of Program Topics.
    Means that post program when participant takes decisions, related to his work, participant will automatically and subconsciously consider and take into account (as applicable) Internal & External Customer Needs and Expectations, Operational & Strategic Objectives, Regulatory Aspects, Industry Standards, Technology Options, Understand Helpful Modern Tools and Methods, Understand Risks, Actions for Increasing Productivity, Legal & Contractual Aspects, Intellectual Property Aspects, Safety, Security, Audit, Cost Benefit Aspects, Value Engineering Opportunities, Key Performance Indicators, Meaningful Performance Evaluation System, and, Data Analytic Opportunities.
    This type of understanding and habit otherwise develops after years of rich and diverse work experience. (few get this opportunity)
  3. Knowledge Framework outline which will enable the participant to understand and learn the right lessons from his own past, present and future on-the-job experience.
  4. Training that will empower the participant to identify, support and implement improvements in his work area, team, section, department, and organization.
This 1 Week Training Program participant will typically take away...
  1. Program related knowhow, skills, competencies and process knowledge.
    This program will use case studies and benchmarked Good and Best Practices to enhance participant understanding and competencies.
  2. Domain Knowledge and process knowledge.
    The participant will become empowered and should become more Productive, Effective, Efficient, Customer Focused and Strategic Focused.
    At the end of the program, the Participant will prepare a Customized Outline Action Plan which will serve as the roadmap to implement some key improvements in his work area.

Benefits to the Organization Sponsoring Participants to this program

(Benefits made possible by Euro Training's unique, multidiscipline, customer focused, strategic focused, easy to understand and apply training methodology that relies on Industry Good and Best Benchmarked Practices)

  • Euro Training programs are different. They develop practical Job Skills.
    This program is designed to make the participant aware of the domain processes, multi-discipline skills and competencies related to his job responsibilities.
    Each program is customized and made useful for the particular participant group, our target is 90%+ topics directly applicable to the work today or in future.
    Benefits you may see in participant post program...
    • Inclination to Recognize his stakeholders, and their needs & expectations. He will also get understanding of how to analyze to find ways to exceed customer expectations and delight the customers.
    • High level Job skills & competencies
    • Taking Initiative to Propose Improvements in Work Responsibility Area.
  • Further, this program will Build Multi-Discipline Understanding, Skills and Competencies including (as relevant)...
    • Increased Technical and Process Knowhow
    • Awareness to the Need to align performance to the Needs and Expectations of Stakeholders/ Customers (internal & external)
    • Awareness of the Need to Align performance to Organizational Operational and Strategic Objectives.
    • Understanding Domain Good Management Practices, and, Awareness to meet Requirements and Recommendations of the Relevant Industry and Professional Standards.
    • Awareness to consider for possible application the Best Benchmarked Domain Practices that can assist making Dramatic Process Improvements.
  • Type of improvements the participant will be trained to analyze and implement include (as relevant) Productivity Improvements, Product and Service Differentiation and Exceeding Stakeholder & Customer Expectations.
  • Euro Training Instructors often act as mentors for participants (solely subject to instructor approval). Your participants can utilize this free service to ensure effective post program reinforcement and help when applying the ideas, skills and competencies acquired during the training.

Participant Individual Career Benefits

  1. First, and most important benefit, is the positive self-esteem that will come from being able to do your work right first time and meet internal and external customer expectations.
  2. Second, the Program developed Understanding, Skills & Competencies will help you successfully present your professional and Team skills at Job Interviews and Internal Performance Evaluation Reviews.
  3. You gain a clear direction for analyzing, proposing and implementing improvements in his work area.
    The outline action plan you prepare and take away after the program will help you take improvement initiatives and make a positive difference in your performance on the job, team, business unit or organization. This difference after implementation and when added to your resume will make you a prime candidate for career advancement in your own organization or in your next job.
  4. Post program when you take decisions related to your work processes you will automatically consider (as applicable): Internal & External Customer Needs and Expectations, Technology Options, Helpful Tools and Methods, Consider Risks, Mitigate Risks, Take Actions that Increasing Productivity, Consider Legal & Contractual Aspects, Consider Intellectual Property Aspects, Pay attention to Safety and Security, Consider future Audit, Weigh Cost Benefit between options, Be Mindful of Key Performance Indicators (KPIs), Consider how Performance will be evaluated, and, Consider need for and Opportunity to Develop a Decision Support Knowledge Base, .... (and possibly more multi-discipline aspects).

Registration Form

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Registration & Fee Information

  1. Fee information is also available at:   PROGRAM-FEE-PAGE   Special Discounts May be Available Please email scholarships@eurotraining.com.
  2. To register please send us an official letter confirming registration (on organizational letterhead), or, send us a completed registration form above. GET MSWORD REGISTRATION FORM .
  3. Fees are Payable by Bank Transfer or Bank Draft.
    • Program Fee for 1 Week (5 day/30 hrs) Training Program is:

      (1) At Dubai, Kuwait, New Delhi, Qatar £4,315 (USD $5,500) per participant.

      (2) At London, US Locations, Europe, Malaysia, Singapore £4,747 (USD $6,050) per participant.

      (3) If Attending Online Training Fee is £2,000 (USD $2,500) per participant.
    Fee includes Course Materials, Certificate, Refreshments and Lunch (classroom programs).
  4. Accommodation is not included in Program fee. Special rates may be available at venue hotel for participants.
  5. A Special discount of 10% is offered for participants who pay their fees at least 45 days before start of the program.
  6. Cancellation & Date Change: No Fee Refund if participant cancels his registration less than 3 weeks before start of the program. Alternate nominations may be allowed if requested atleast 2 weeks before program start. In case of exceptional hardship or emergency participant may be allowed to attend same program at another location or date on payment of 10% of fee.
  7. All participants are required to fill in Participant Information Form and Program Related Questionnaire - on first day of the program.
  8. Each program Undergoes Customization to Better Meet Participant Present and Future Job and Career Needs. Please be prepared to let the Instructor/s know about your organization's Special Needs, Interests or Initiatives.
  9. It is always useful for participants to bring their existing problems or case studies, work-process flow charts or job related problems for discussion - consideration will be at sole discretion of the program director/s.
  10. Provisional Registration : You can make a provisional registration request by sending us an email using an official email account. Provisionsl registration request, when confirmed by Euro Training, will reserve a seat for you for 14 days. After our Confirmation you have 2 weeks to send us an official registration request. Provisional registration is automatically cancelled at the earlier of (1) 2 weeks after Provisional Registration Confirmation if registration is not reconfirmed from your side (2) Two weeks before start of the program. We do request you to inform us ASAP you have decided either way.

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