An Interactive 5-Day Training Course
Understanding Energy Contracts
A Comprehensive Guide
Course Overview
This GLOMACS Understanding Energy Contracts training course will provide participants with a comprehensive understanding of energy contracts essential to manage the volatile energy market. In this GLOMACS training course, participants will receive a thorough in-depth exposition of the several energy contracts and understand the rationale behind them and acquire essential skills to negotiate sound well thought out energy contracts.
Energy needs must be met in a world that cannot survive without it. How effectively we meet this need will determine the development of the modern world. Energy Contracts need to be strategic and looked at through the lens of your company’s current risk profile. Companies need to formulate a targeted approach. Your energy contract management should provide customized solutions and also determine the best pricing strategy to meet your efficiency goals. Parties to the contracts want to mitigate dramatic price increases, and the contracts need to address this and provide workable solutions. There is a need for customized contracts to avoid undue penalties which can cripple the commercial viability of a project. Energy contracts must allow for flexibility, and the contracts must reflect this and have a robust basis for meeting stakeholders’ requirements.
Training Outline
DAY 1: Introduction to Energy Contracts
- Energy Laws, Policy, Business Ethics
- Renewable Energy Issues
- Petroleum Policy & Economics
- Environmental Issues
- Human, Socio-economic and Cultural Impacts
DAY 2: Specific Energy Contracts Examined
- Gas Sale Agreement (GSA)
- LNG Sale and Purchase Agreement (SPA)
- Time Charter Party Agreement
- Terminal Use Agreement
- Decommissioning
DAY 3: Specific Upstream Energy Agreements
- Oil and Gas Concessions
- Production Sharing Contracts
- Service Contracts
- Joint Operating Agreements (Joint ventures)
DAY 4: Risk-Based Contracting – EPC, EPCM, and Alliance Contracts
- Essential Features of an EPC, EPCM, Alliance Contracts
- Key Oil and Gas Specific Clauses
- Key Performance Clauses
- Liquidated Damages
- Risk Allocation & Risk Assessment
DAY 5: Structure of Transportation & Power Purchase Agreements
- Gas Sales Agreements
- Power Purchase Agreements
- Transportation Agreements
- Take or Pay Agreements
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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