The Imperial Corporate Training Institute offers Upstream Petroleum Contracts Audit and Compliance Training Course. This course is designed to teach participants about auditing and compliance in the upstream petroleum industry. Participants will develop the necessary skills to audit for compliance with contract provisions for the upstream petroleum industry. The participants will learn how to assess risk and establish a compliance framework based upon current industry practices. They will learn how to review contracts to determine whether they are consistent with the company’s operational and financial requirements.
In addition to providing participants with a comprehensive understanding of the contracting process for upstream petroleum, this training course also includes numerous opportunities for interactive learning, as well as several case studies and examples from real-world operations. At the conclusion of the training, participants will possess the knowledge and skills to improve corporate governance; reduce legal and financial exposure; and ensure that their operations in the upstream petroleum sector remain transparent.
Objectives
Attendees will be able to:
- To learn about the structure of all petroleum agreements and the key clauses contained within those agreements
- Become proficient in contract validation for all upstream oil and gas contracts.
- Able to identify and evaluate potential risks to ensure that the company is compliant and able to operate without any liability in the operational or financial sense.
- To learn about auditing methodologies and best practices of reviewing all types of upstream petroleum contracts.
- Use the strategies related to contract compliance in order to develop strategies to reduce exposure from legal, financial and operational liability.
- Have improved skills in documenting, reporting and monitoring contractual obligations.
Target Audience
This course is ideal for:
- Contract managers and audit personnel working in the oil and gas industry
- Legal Professionals who review all types of upstream petroleum contracts
- Compliance officers and risk management professionals
- Financial analysts and project managers working with upstream oil and gas operations
- Professionals who wish to gain an understanding of the process of validating upstream
oil and gas contracts and how to effectively manage compliance
- Regulatory Affairs personnel working in the oil and gas industry.