Euro Training Limited Training Programs, Workshops and Professional Certifications
...

Domain Specific Job Skills and Competencies

Leveraging the Best of Digital Transformation, Data Analytics and Artificial Intelligence AI
Audio version brochure
CPD402-1
1 Week Training Program

Professional Drilling Contract Management Skills

Building Skills & Competencies in

  1. Risks & Risk Assignment on Drilling Projects
  2. Contract Communications & Administration Processes
  3. Mitigating & Resolving Drilling Variations & Liability Events
  4. Building & Keeping Updated a Drilling Contract Administration Knowledgebase
www.eurotraining.com/bro/cpd402-1.php

1 Week Training Programs

London
20-24 May 2024
New York
3-7 June 2024
Seattle, USA
17-21 June 2024
New Delhi
1-5 July 2024
Kualalumpur
15-19 July 2024
New Delhi
29 July - 2 Aug 2024
London
12-16 Aug 2024
New York
26-30 Aug 2024
Seattle
9-13 Sept 2024
Istanbul
23-27 Sept 2024
New Delhi
7-11 Oct 2024
Kualalumpur
21-25 Oct 2024
New Delhi
4-8 Nov 2024
London
18-22 Nov 2024
New York
2-6 Dec 2024
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




Useful Links


PDF Link  |  Center Full List  |  SEND EMAIL

What is Covered in this Program?

  1. This Training provides the Knowledge, Skills & Competencies to Ensure Drilling Contracts are Administered Such that they Assist in Meeting Drilling Project Objectives, Protect your Organization from Unnecessary Actions or Inactions Induced Liability and Ensure Organization does not become Liable for Avoidable Claims. Drilling Projects are subject to underground data uncertainty, technical risks and missed mitigation opportunities. This program will provide the knowhow to prevent these risks from disrupting drilling operations, adding costs to the parties, delaying the works and cause opportunity and material loss.
    Participant will understand how Drilling Contracts are designed to clarify extent of liability of the parties on as many of these risks.
    Contract administration task related skills taught in this program include Monitoring the compliance of contract conditions by the parties, sending any notices required, replying to notices received, keeping drilling professionals and others inside organization informed of situations needing attention, ensuring there is documenting of any facts that support your position as credible evidence, negotiating resolution with other parties, communicating basis of Variation, Compensation or Claim Calculations to concerned staff, ensuring other party fulfills all its contractual obligations, verifying accuracy of Invoices Submitted, preparing periodic reports to management on progress of Project from Contractual Point of view, and, Guiding the Final Contract Closure to ensure all organization's Rights are protected.
  2. This program will build understanding and skills about these above tasks, Drilling Risks, Understanding the Contract and Legal Assignment of these Risks, Understanding the Contract Administration that must be done to ensure your organizations interests are protected, Ensure the facts are documented, solutions are found quickly, Risk event impact is minimized, Compensation payable to the contractor properly calculated, disputes resolved and matters closed in a win-win manner.
    This program will build skills and competencies in understanding Petroleum Drillings Complex Contractual and Technical Issues and solving the problem in a Win-Win manner.

Who Should Attend?

  1. This training program is intended for Drilling Contract Professional, Legal Team and Drilling Professionals and Project Managers.
  2. This program will also be extremely useful for Drilling Professionals working on Site for any stakeholder.
    This program is also intended to provide essential coordination and team-working insight to Professionals working in Drilling Facing Finance, Accounting, Inventory, Logistics, Drilling Supervising Management, Safety and Environmental Units.

Program Content & Modules

Professional Drilling Contract Management Skills


  1. Understanding the Big Picture Business Aspects of Drilling Projects
  2. Understanding the Contractual arrangements on Drilling Projects
        (1) Type of Drilling Contract (Footage, Daywork, Turnkey)
        (2) Applicable Laws
        (3) Rights & Responsibilities of the Parties
        (4) Indemnity Provisions
        (5) Insurance
        (6) Specific Drilling Risks & Liabilities
        (7) Performance Related Liabilities
        (8) Warranties
        (9) Guarantees
        (10) Damages Claimable by the Parties
        (11) Variation Provisions
        (12) Force Majure
        (13) Payment Processes
        (14) Remedy on Breach of Contract
        (15) Termination of Contract
        (16) Assignment
        (17) Novation of Contract
        (18) Contract Closedown
  3. Drilling Technology & Methods for Contract Administrators
  4. Day-to-Day Operational Decisions taken by Drilling Managers and Professionals
  5. Oil & Gas Drilling Deliverables and Tasks for Contract Professionals
  6. Risks on Oil & Gas Well Drilling by Well Type
  7. Usual Cost Increase Events on Drilling Projects
  8. Understanding Drilling Contracts & the Risk Distribution between the Parties
  9. Ensuring Compliance with Procurement Policies and Procedures
  10. Preparing a Monitoring Plan for Checking Compliance with Contract Requirements
  11. Verifying Compliance of contract conditions by other party
  12. Sending Notices to other parties where required by Contract or Law
  13. Effectively Replying to notices received
  14. Keeping drilling professionals and others inside organization informed of (contractual) situations needing attention
  15. Ensuring there is documenting of any facts that support your organizational position as credible evidence
  16. Negotiating resolution of Disputes with other Drilling Project parties
  17. Analyzing and Evaluating basis for Variation
  18. Assisting Compensation or Claim Calculations to concerned staff
  19. Verifying accuracy of Invoices Submitted
  20. Preparing periodic reports to management on progress of Project from Contractual Point of view
  21. Maintaining Proper Organized Records for Each Variation Order, Claim, Subcontractor Variation, Invoices
  22. Maintaining Proper Organized Records for Each Issue of Importance
  23. Setting-up an Early Warning System for Emerging Problems on the Drilling Project
  24. Guiding the Final Contract Closure to ensure all its organization's Rights are provided
  25. Program Recommendations
  26. Outline Drilling Contract Management Improvement 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)

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

Fields marked with * are mandatory


Optional Fields


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. http://www.eurotraining.com/etl-reg-1w.doc .
  3. Fees are Payable by Bank Transfer or Bank Draft.
    • Program Fee is

      (1) 1 Week (5 day/30 hrs) Training Program: 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) Online eTraining 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 will be available at venue hotel for the class room training program participants.
  5. Special discount of 10% is offered for participants who pay their fees at least 45 days before start of the program.
  6. Refund will not be considered where the participants cancels his registration less than 3 weeks before start of the program. Alternate nominations will be allowed anytime before program start. In case of exceptional hardship or emergency participant may be allowed to attend same program at another location or date.
  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 Jon 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 with an official email account. Provisionsl registration request will ensure we will reserve a seat for you for 14 days. After this 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.

CLICK FOR REGISTRATION INFORMATION AND FORM


CLICK FOR PROGRAM OUTCOMES


Click to Forward this webpage to a Colleague by Email