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CPD400-1

1 Week Online Instructor Lead Training Program

Petroleum Drilling Contracts Drafting & Contract Management

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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Program Overview

  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

  3. Who should Attend?

  4. This program is intended for Oil & Gas Drilling Contract Administrators, Professionals, Project Managers, Legal Department, Consultants and Coordinating Executive Managers.

  5. This Program will also benefit Drilling Project Operational Auditors, Finance Staff and Drilling Planning Professionals.

  6. PROGRAM CONTENT
    (Ai & Data Analytics Leveraged)

Petroleum Drilling Contracts Drafting & Contract Management

  1. Understanding the Business Aspects of Drilling for Oil & Gas
  2. Understanding Drilling Operational & Strategic Objectives

Administering Request for Approval of Drilling Contractors & Sub Contractors

Drilling Contractor Procurement Process & Stakeholders


  1. Sharing of Data and Information by the Stakeholders
  2. Drilling Financial Risks
  3. Drilling Technical Risks
  4. Drilling Operational Mitigation Risks
  5. Risk Distribution Options

    (1) Daywork or Footage Contracts

    (2) Turnkey Contracts

    (3) Mixed Contracts
  6. Understanding the Drilling Contracts and Risks Sharing by the Stakeholders
  7. Industry Standard Contracts IADC, API and others
  8. The Right and Wrong Ways to Customize Standard Drilling Contracts
  9. Administering the Ongoing Drilling Contracts
  10. Administering Standards of Crew & Workmanship
  11. Interpreting Recommendations and Interpretations
  12. Administering Control of the Services, Data, Drawings and Documents
  13. Administering Responsibility for Permits and Approvals
  14. Applicable Laws and Regulations
  15. Administering Contract and Contractor Registration
  16. Administering Offshore Transportation Arrangements
  17. Contractor Provided Items Scope & Quality
  18. Company Provided Items Scope, Process & Quality
  19. Administering Variations or Changes in Work Requested
  20. Administering Responsibility for Safety & the Environment
  21. Administering Contractor requests for Compensation, Invoices, Payment
  22. Management of Disputes
  23. 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
  24. Administering Liability for Taxes and Duties
  25. Parties to Follow Local Laws and related Indemnifications
  26. Administering requests for Assignment & Subcontracting
  27. Administering Claims of Liability for Infringing Patents, Copyrights and Technology
  28. Administering Publicity Requests
  29. Administering Audit Rights of Owner
  30. Restrictions about Commissions or Fees
  31. Administering failure of Contractor to pay Subcontractors in a Timely Manner
  32. Administering Contract Termination Situations
  33. Applicable or Governing Law
  34. Administering Notice of Arbitration for Dispute Resolution
  35. Procedure for Notices under Various Clauses
  36. Scope of Services to be Provided
  37. Administering Checks for Equipment and Personnel Technical Specifications
  38. Administering Compensation Payments
  39. Commercial Specifications
  40. Administering Failure to Fulfil Responsibility for Safety
  41. Administering Compliance and Failure to Comply with Occupational Health & Environmental
  42. Standards & Specifications Applicable
  43. Administering Approvals for Subcontracting Proposals
  44. Limits of Liabilities of the parties
  45. Administering Insurance Compliance
  46. Contract Duration and Milestones
  47. Administering Contract Term Extension Requests or Instructions
  48. Administering Compliance with Income, Profits, and other taxes
  49. Responsibility for Import Duties, Importation and Exportation of Equipment
  50. Administration of Good Standing Status of Foreign Contractors in Country
  51. Administering Requests from Contractor for More Information
  52. Administering Requests for Assistance from Contractors
  53. Administering Drilling Contractor Claim Requests
  54. Benefits of Double Taxation Agreements
  55. Administering Force Majeure Claims
  56. Early Warning System for Emerging Drilling Risks
  57. Daywork, Footage Contracts, Turnkey Contracts
  58. Operator or field owner provided information and data on the site etc..
  59. Understanding Responsibilities of Both Parties to Mitigate Impact of Risks
  60. Program Recommendations & Next Steps
  61. Participant Customized Outline Action Plan

Participant's Program Outcomes & Takeaways

Outcomes and Takeaways Overview
  1. Knowhow and Technology Transfer to the Participants.
  2. Multi-discipline understanding, skills, competencies and step-by-step analytic understanding of the program topics and issues (this understanding would otherwise have come from years of very rich work experience).
  3. Knowledge framework which will enable the participant catch his own past/present/future job related experience and understand its relevance to the job decisions.
  4. Training that empowers the participant to identify, support and implement improvements in his job, team, section, department or organization.
The 1 week program participant will take away
  1. A Multi Discipline Knowledge Framework that will help the participant make sense of, put in the proper context and learn from his previous, present and future experience on the work.
  2. The Participant will also take away Program (Instructor's) Recommendations on the next steps.

Benefits to Organization Sponsoring Participants

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

  • This training is an effective way to quickly make the participant competent, effective and productive on his job. Each program is customized and made useful for...
    • Training new employees to get them productive quickly on relevant jobs
    • Existing Employees Transferred to a New Training Program Relevant Assignment or being prepared for such an assignment as part of his career development
    • Team Building Training Just Prior to a Relevant New Project, New Initiative, New Technology, New System, New Improvement, New Emphasis or New Strategy being Planned or Implemented in the Organization (requires sending 2 or more team members together to the same program at the same location and dates)
  • Create Competency and Skills in participant to incorporate in his job performance (as relevant and to the depth allowed by the program duration)...
    • Technical and Process Knowhow
    • Alignment to the Needs and Expectations of Stakeholders/ Customers (internal & external)
    • Alignment to Organizational Strategic Objectives
    • Good Management Practices meeting Recommendations and Requirements of the Relevant Industry Standards
    • Best Practices that assist Making Dramatic Improvements, including as relevant, Productivity Improvements, Product and Service Differentiation, Big Performance Improvements and Generally Exceeding Stakeholder/ Customer Expectations
  • Create a pool of trained (instructor) manpower that can cost-effectively disseminate the program knowhow to a large number of employees inside the organization. (We recommend attending the 2 to 4 week program version if this is the primary objective)
  • Euro Training Instructors often act as mentors for your employees who have attended our training programs. Your organization or the individual participant can utilize this service to ensure effective post program reinforcement and application of skills and competencies acquired during the training - to develop his career and performance further. (This depends on the relationship your participant builds with the Instructors. Please inquire about our post program mentoring plans)

Participant Individual Career Benefits

  1. As a participant you gain a multi-discipline understanding of the issues, analysis competency and methods relevant to your program topics and modules. This means that you will be able to understand and perform your relevant job like a Professional and Not like a Just-Graduated-Professional/Teenager/Novice.
  2. Post program when you take decisions related to your work you will start considering your work's Implications on (as applicable): Technology Options, Risks, Needs and Expectations of the different stakeholders; Strategic Alignment, Work Productivity, Legal & Contractual Obligations, Intellectual Property Aspects, Safety, Security, Audit, Cost Benefit Aspects, Value Engineering Opportunities.... and more as relevant.
  3. Implementing what you learn in the program will lead to providing you a feeling of Job Satisfaction, Self Esteem and Reduce Monday Morning Blues.
  4. The program ensures you will learn about and understand the Strategic Alignment Aspects of your job (as relevant) and in the process enable you to make a leadership contribution in your work area, team or organization.

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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 company email), or, send us a completed registration form above. GET MSWORD REGISTRATION FORM .
  3. Fees are Payable by Bank Transfer or Bank Draft.
    • Online Instructor Lead Program Fee for 1 Week (5 day/40 hrs) online Training Program is: $2500.
    Fee includes 1 year Free Access to Program Related Ai System.
  4. A Special discount of 10% is offered for participants who pay their fees at least 45 days before start of the program.
  5. 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.
  6. All participants are required to fill in Participant Information Form and Program Related Questionnaire - on first day of the program.
  7. 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.
  8. 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.
  9. 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 Ai Knowledge Systems, 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.
  10. Please note All provisional registrations automatically cancel 2 weeks before program start unless confirmed otherwise by us.

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