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E & P contract Management

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Live online Advanced

E & P contract Management

4(49)
1 enrolled
1180 views
₹ 4999
16 hrs
Next month
English , Hindi
1180 views
Dr Milap Goud
Dr Milap GoudFounder and Instructor
  • 7-day money-back guarantee
  • Session recordings included
  • Certificate of completion
Volume pricing for groups of 5+

Why enroll

Exploration and Production - Contract Management

The participants will get good exposure and understanding of various tools and techniques of contract management in all segments in general and drilling in particular. The knowledge gained can be transformed in real life contract management and create a value-added atmosphere, both for contractor and operator - a win- win situation for all.

Is this course for you?

You should take this if

  • You work in Oil & Gas Upstream
  • You're a Geoscience / Petroleum Technology professional
  • You have 3+ years of hands-on experience in this field
  • You prefer live, instructor-led training with Q&A

You should skip if

  • You're new to this field with no prior experience
  • You need a different specialisation outside Geoscience
  • You need fully self-paced, on-demand content

Course details

Objectives:

Exploration and Production - Contract Management

The participants will get good exposure and understanding of various tools and techniques of contract management in all segments in general and drilling in particular. The knowledge gained can be transformed in real life contract management and create a value-added atmosphere, both for contractor and operator - a win- win situation for all.

Course Duration- 2 days (14 to 16 hr)

Content:

Evolution and early development, strategies of framing a contract, master service agreement, insurance, types of contracts, claim settlements, conflict resolution, salvage, writing the SOW, bid evaluation, art of negotiation, award of contract, monitoring the execution of awarded contract, contract closure, termination provision

Course suitable for

Key topics covered

Key topics Covered:

  • Evolution and early development,

  • Strategies of framing a contract

  • Master service agreement

  • Insurance

  • Types of contracts

  • Claim settlements

  • Conflict resolution,

  • Salvage

  • Writing the SOW,

  • Bid evaluation

  • Art of negotiation

  • Award of contract

  • Monitoring the execution of awarded contract

  • Contract closure

  • Termination provision

Opportunities that await you!

Career opportunities

Training details

This is a live course that has a scheduled start date.

₹4999

₹0 Early bird

Coming in Next Month

Questions and Answers

A: A tangential inlet isn't decoration; it's bound to droplet breakup, residence time, and carryover. Option B sounds reasonable if you're thinking pressure vessel code only, but the contract ties performance to datasheet parameters, not shell strength. Option C mixes governance with technical cause — MOC doesn't transfer vendor non-compliance risk. Option D fails because P&IDs rarely define inlet geometry; they define connectivity and safeguards, not hydrodynamics.

A: Shared standards with a single supply party reduce mismatch claims. Option A splits responsibility right at the leak path — classic claim trigger. Option C feels protective but forces the contractor to accept geometry they didn't control, inviting fit-up disputes. Option D imports a design margin argument; higher class doesn't fix misaligned responsibility and may break skid nozzle ratings.

A: 4,200 bpd is about 27.8 m³/hr. 8.5 divided by that gives just under 0.31 hr, then minutes. Option B forgets the hour-to-minute step. Option C uses total volume, a mistake seen when gas space is ignored. Option D over-corrects by stripping volume without a basis from the datasheet.

A: Internals drive shop labor, welding, and NDT, plus schedule knock-on. Option B ignores that nozzles and supports often move. Option C assumes shell rerating, which isn't implied. Option D confuses performance obligation with physical change cost — auditors won't accept that leap.