CPD400-6
6 Day Online Instructor Lead Training (including 1 day Workshop)
Building Skills in
6 Day ONLINE Training
|
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.
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
This program is intended for Oil & Gas Drilling Contract Administrators, Professionals, Project Managers, Legal Department, Consultants and Coordinating Executive Managers.
This Program will also benefit Drilling Project Operational Auditors, Finance Staff and Drilling Planning Professionals.
PROGRAM CONTENT
(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)
Fields marked with * are mandatory
Optional Fields