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