Curriculum
- 5 Sections
- 20 Lessons
- 5 Days
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- Module 1: Drilling Contract Structures & Industry Context4
- 1.1Overview of drilling contract types: day-rate, turnkey, footage, and hybrid models
- 1.2Roles and responsibilities of operators, drilling contractors, and third-party service providers
- 1.3Contract lifecycle: tendering, negotiation, execution, and close-out
- 1.4Key commercial drivers influencing contract design and selection
- Module 2: Commercial Terms, Pricing Models & Performance Obligations4
- 2.1Day-rate schedules, cost components, variable pricing, and incentive mechanisms
- 2.2Performance expectations: availability, non-productive time (NPT), and key performance indicators (KPIs)
- 2.3Work scope clarity, deliverables, and technical specifications
- 2.4Variation orders, amendments, and managing scope changes
- Module 3: Legal Clauses, Liability & Risk Allocation4
- 3.1Core legal provisions: indemnity, limitation of liability, warranty, and representations
- 3.2Knock-for-knock liability regimes and industry best practices
- 3.3Insurance requirements: well control, general liability, property damage, and pollution cover
- 3.4Compliance obligations under safety, environmental, and regulatory frameworks
- Module 4: Contractor Management & Operational Governance4
- Module 5: Dispute Resolution, Negotiation & Best Practices4
Effective negotiation strategies for contract alignment and risk reduction
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