Global Learning for Operational Leaders
Classroom
14 sessions
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Online / Live
14 sessions
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Introduction
Course overview
Contracts for drilling, engineering, construction, operations and maintenance represent the largest share of spending in most oil and gas companies. Weak contract management leads to cost overruns, claims, disputes and safety incidents, while strong management protects value and keeps projects and operations on track.
This Aractech course covers the full contract life cycle in an oil and gas setting: contracting strategy, tendering and award, contract administration, performance and HSE management, variations and claims, payment and close-out. Participants learn how industry-standard terms allocate risk, including indemnities, liabilities and insurance, and how to manage contractors effectively day to day.
The course is practical and case-based, using realistic contracts and scenarios from upstream and downstream operations.
What you will achieve
Learning objectives
- Develop contracting strategies for oil and gas projects and operations
- Understand key commercial and legal terms in industry contracts
- Manage tendering, evaluation and contract award
- Administer contracts and monitor contractor performance and HSE
- Control variations, claims and disputes
- Manage payments, audits and contract close-out
Who should attend
Target audience
- Contract and procurement professionals in oil and gas
- Contract holders and engineers managing contractors
- Project managers and commercial managers
- Legal and finance staff supporting contracts
- Supply chain managers in energy companies
- Contractor-side commercial staff
Methodology
Learning approach
- Practical sessions led by experienced contracts specialists
- Review of typical oil and gas contract clauses
- Case studies of claims and disputes
- Group exercises on variation and claim management
- Contract management planning workshop
Complete course outline
Five focused days of learning and application
The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.
Day 1
Contracting Strategy in Oil and Gas
- The role of contracts in the oil and gas value chain
- Contract types: lump sum, reimbursable, unit rate and hybrid
- Contracting strategy and packaging
- Market analysis and contractor capability
- Coffee break
- Market analysis and contractor capability (continued)
- Stakeholders and roles in the contract life cycle
- Workshop: Selecting a contracting strategy
Day 2
Key Terms and Risk Allocation
- Scope of work and specifications
- Indemnities, liabilities and knock-for-knock arrangements
- Insurance, guarantees and bonds
- Force majeure and termination
- Coffee break
- Force majeure and termination (continued)
- Local content and compliance clauses
- Exercise: Reviewing risk allocation in a services contract
Day 3
Tendering and Award
- Pre-qualification and tender documents
- Technical and commercial evaluation
- Clarifications and negotiation
- Award, mobilisation and kick-off
- Coffee break
- Award, mobilisation and kick-off (continued)
- Contract management plans
- Case study: Evaluating competing bids
Day 4
Contract Administration and Performance
- Day-to-day administration and communication
- Performance KPIs and reviews
- HSE management of contractors
- Variations and change orders
- Coffee break
- Variations and change orders (continued)
- Claims notification and assessment
- Practical exercise: Managing a variation request
Day 5
Payments, Disputes and Close-Out
- Invoicing, payment and contract audits
- Dispute avoidance and resolution
- Contractor relationship management
- Coffee break
- Contractor relationship management (continued)
- Close-out, final accounts and lessons learned
- Digital tools for contract management
- Capstone: Contract management plan for a real contract
FAQ
Frequently asked questions
What does Oil and Gas Contract Management: From Award to Close-Out (OG-027) cover?
This course covers Oil and Gas through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on 2 - 6 November 2026. See the course schedules section for the available dates and delivery formats.
Who should attend this course?
Contract and procurement professionals in oil and gas, Contract holders and engineers managing contractors, Project managers and commercial managers
Is bilingual course delivery available?
Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Check the course schedules section for currently published classroom and Online / Live sessions.
Where are classroom sessions delivered?
Current classroom venues include Barcelona, London, Frankfurt, Rome, Kuala lumpur.
How long is the training programme?
The programme runs for five days from 09:00 to 14:00, which gives 25 contact hours, including a daily 30-minute break (22.5 hours of instruction).
Quick request
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Choose an available date and venue, add your participants, and we will email a formal quotation for Oil and Gas Contract Management: From Award to Close-Out to your business address.