Oil and Gas Contract Management: From Award to Close-Out (OG-027) Training Course

Oil and Gas Contract Management: From Award to Close-Out

Contracts for drilling, engineering, construction, operations and maintenance represent the largest share of spending in most oil and gas companies. Weak contract…

5 daysClassroom or online

13Upcoming dates

5Cities

£2,250Fees from

Course overview

Why Attend

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 LLMI 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.

Course 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

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

Course Methodology

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

Course outline

1Day 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
- Stakeholders and roles in the contract life cycle
- Workshop: Selecting a contracting strategy
2Day 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
- Local content and compliance clauses
- Exercise: Reviewing risk allocation in a services contract
3Day 3: Tendering and Award
- Pre-qualification and tender documents
- Technical and commercial evaluation
- Clarifications and negotiation
- Award, mobilisation and kick-off
- Contract management plans
- Case study: Evaluating competing bids
4Day 4: Contract Administration and Performance
- Day-to-day administration and communication
- Performance KPIs and reviews
- HSE management of contractors
- Variations and change orders
- Claims notification and assessment
- Practical exercise: Managing a variation request
5Day 5: Payments, Disputes and Close-Out
- Invoicing, payment and contract audits
- Dispute avoidance and resolution
- Contractor relationship management
- Close-out, final accounts and lessons learned
- Digital tools for contract management
- Capstone: Contract management plan for a real contract

Schedule

Dates and fees

13 upcoming dates in 5 cities. Fees are per delegate; bring colleagues and every seat is discounted. Every date can also be joined live online for £1,280.

All dates as PDF

December 2026

21DEC 21 - 25 Dec 2026Mon to Fri · 5 daysNext sessionOur home city

LondonUnited Kingdom · Classroom

£2,750per delegate2+ people: £2,200 each

January 2027

18JAN 18 - 22 Jan 2027Mon to Fri · 5 daysOur home city

LondonUnited Kingdom · Classroom

£2,750per delegate2+ people: £2,200 each

February 2027

15FEB 15 - 19 Feb 2027Mon to Fri · 5 days

FrankfurtGermany · Classroom

£3,250per delegate2+ people: £2,600 each

March 2027

15MAR 15 - 19 Mar 2027Mon to Fri · 5 days

BarcelonaSpain · Classroom

£3,850per delegate2+ people: £3,080 each

April 2027

19APR 19 - 23 Apr 2027Mon to Fri · 5 days

FrankfurtGermany · Classroom

£3,250per delegate2+ people: £2,600 each

May 2027

17MAY 17 - 21 May 2027Mon to Fri · 5 days

RomeItaly · Classroom

£4,250per delegate2+ people: £3,400 each

June 2027

21JUN 21 - 25 Jun 2027Mon to Fri · 5 days

Kuala LumpurMalaysia · Classroom

£2,250per delegate2+ people: £1,800 each

July 2027

19JUL 19 - 23 Jul 2027Mon to Fri · 5 days

BarcelonaSpain · Classroom

£3,850per delegate2+ people: £3,080 each

August 2027

16AUG 16 - 20 Aug 2027Mon to Fri · 5 daysOur home city

LondonUnited Kingdom · Classroom

£2,750per delegate2+ people: £2,200 each

September 2027

20SEP 20 - 24 Sep 2027Mon to Fri · 5 daysOur home city

LondonUnited Kingdom · Classroom

£2,750per delegate2+ people: £2,200 each

October 2027

18OCT 18 - 22 Oct 2027Mon to Fri · 5 days

FrankfurtGermany · Classroom

£3,250per delegate2+ people: £2,600 each

November 2027

15NOV 15 - 19 Nov 2027Mon to Fri · 5 days

BarcelonaSpain · Classroom

£3,850per delegate2+ people: £3,080 each

December 2027

20DEC 20 - 24 Dec 2027Mon to Fri · 5 days

FrankfurtGermany · Classroom

£3,250per delegate2+ people: £2,600 each

Live online, on the same dates

Join the class in real time from your office or home: live sessions with the trainer, group discussion, course materials and a certificate of completion. Joining details are emailed before the course starts.

December 2026

21DEC 21 - 25 Dec 2026Mon to Fri · 5 daysNext session

Live onlineVirtual classroom · join from anywhere