Course description

Developing your own effective procurement and Supply Chain Management (SCM) strategy can make valuable quantifiable contributions to your company's performance.  This practical course shows you how to adopt a "best-practice" model, and outlines the latest thinking in upstream petroleum industry procurement.

  • how to develop and implement a highly effective procurement strategy and plan for your organisation to reduce the overall cost of purchasing
  • how to manage your supply chain in order to deliver maximum value at minimum cost
  • how to develop and implement a best-practice process for the management of contracts and the supply chain
  • how to adopt innovative ways to select contractors and prepare tender documents
  • how to choose the type of contract and compensation terms that best achieves the contract's objectives
  • how to prepare tender evaluation criteria and evaluate a tender submission
  • how to manage contract risk


Petroleum managers who deal with international oil and gas legal matters in the course of their business; and legal professionals with little formal, specialized training in oil and gas law, but expect soon to deal with international oil and gas law matters.


Course content

  • What is a contract?
  • What is the supply chain and how do we manage it?
  • Developing a best-practice procurement process
  • What makes the petroleum industry different?
  • What is a contracts strategy and how do we develop one?
  • The role of contracts policy and procedures
  • Alternative contracts strategies
  • The role of contract risk assessment
  • Alternative tendering strategies
  • Different types of contracts
  • How to prepare contractor selection criteria
  • How to evaluate tender submissions
  • Understanding the "small print"
  • How to manage the contract after it has been awarded

comments (0)

leave a comment