Petroleum Industry Supply Chain & Engineering Contracts Management

Course Contents:

1. Classification of Contracts in the Petroleum Industry
2. Stages in Typical Petroleum Industry Contract Administration & Contract Management Flow chart
3. Contracts Approval Process
4. Preparation of Contract Terms & Conditions, Clauses, Scheduling etc.
5. Problems & Challenges of Successful Contract Management:
   • Including Stock Optimization
   • Inventory Management
   • E-Procurement
   • Integration of Contract Software with Accounting Packages
   • Contract Time Scheduling
   • Engineering Projects, Contract & AFE Administration
6. Procurement Logistics Coordination in Engineering Project Contract
7. Success Factors for Contract Management:
   • Internal Processes & Process Development for Bid Evaluation & Bid Analysis Methods
   • Suppliers’ Selection Criteria
   • Establishment of Benchmarks & Best Practice
   • Compliance Monitoring
8. Engineering & Materials Contract & Supplies Negotiation
9. Contracts Performance Monitoring & Control
10. Contract Termination & Client’s Recoverable Costs

Who Should Attend?

• Economists
• Engineers
• Lawyers
• Management Staff
• Operations & Commercial Staff