Conference Day One: 26th May 2010
08:00 Registration & Coffee
08:30 Chairman’s Opening
08:45 The Offshore Oil And Gas Industry: An Inherently Risky Business…
Your contract is the most effective risk mitigation tool at your disposal. But what are the most pertinent risks at the moment? Understand what is happening in the market and ask questions that will shape the discussions for the next two days. Address issues such as:
- Differing priorities of each party
- Company liquidity
- Force Majeure
Fred Crowder
Senior Attorney, Major Projects PSCM
BP
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Randy Rhodes
Strategic Sourcing Manager - Drilling & Completions, Global Procurement and Supply Chain Management
BP
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09:30 No Holds Barred Break-Out - Strictly Confidential!!
By popular demand, the delegation will be split into two groups and sent their separate ways to discuss what issues are most pertinent for both contractors and operators. Why not discuss: What your biggest annoyance is in contractual negotiations…
What you think your counter parties could be doing to aide negotiations…
Which clauses you find the most problematic and how you think this is best resolved…
Your group leader will then anonymously report back the group’s findings to the whole delegation. Comments will not be attributable to any one company or individual so feel free to have your say free from constraints!
Led By:
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Harry Benham
Contracting & Procurement Standards and Assurance Manager,
Global Major Projects
Royal Dutch Shell, Projects & Technology
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Derek Anchondo
Chief International Counsel
Pride International
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10:30 Morning Coffee And Networking Break
11:00 Insolvency In The Courts: A View From The Judiciary
2009 was a busy year for the bankruptcy and insolvency courts in Houston and as the after effects of a low barrel price continue to take effect knowledge of the judicial system surrounding insolvency and the divestiture of assets will prove invaluable.
- Improve your understanding of the administrative and judicial process surrounding the topic of insolvency
- React faster to counterparty insolvency by understanding the procedures involved
- Hear the opinion of an eminent member of the judiciary on this crucial topic
Judge Jeff Bohm
US District and Bankruptcy Courts
Southern District of Texas
11:45 Contractual Risk Allocation And Insurance Coverage: Yours,
Mine And Ours
- The interaction of contractual indemnities and warranties.
- The scope of “knock for knock” indemnities – who, what and where?
- Contractual indemnities and insurance coverage – who’s on first?
- Consequential damage limitations – what is being waived?
- Choice of law – will the courts enforce your contractual provisions?
Glenn Legge
Partner
Legge, Farrow, Kimmit, McGrath & Brown LLP
12:30 Lunch And Networking Break
Focus On... Contract Negotiation Tools...
13:30 Contract Negotiation Tools – Coordination Across The Globe...
- Continue your progress by developing a standardised tool to inform your contracting strategy across your global network
- How does the financial crisis affect your contract negotiation and management strategies?
- Adapt the development of your contracting strategy to take into account changes in global and financial markets
Harry Benham
Contracting & Procurement Standards and Assurance Manager, Global Major Projects
Royal Dutch Shell, Projects & Technology
14:15 Advanced Contract Risk Management For Capital Projects In
2010
- Investigate challenges in managing large capital contracts
- Contracting Risks, the causes and impacts of budget and schedule overruns and how these issues are being addressed
- Do your existing systems and processes help support management of risks in your capital contracts?
- Forecasting, managing and mitigating contractual risks using ProCon
- How global oil and gas companies are deriving value from enhanced management of their capital contracts
Keith Langford
Business Development Manager
8Over8
13:00 Cost Projection Modules: A Useful Tool To Inform Your
Negotiations!
At ConocoPhillips they use cost projection, modelling and price verification systems to reinforce their negotiations. By following their lead and introducing complex cost modules that account for more than the simple price of a unit/service would help you to:
- Reduce the overall cost of your projects by accounting for operational costs associated with each unit.
- Make small but effective changes across your procurement chain
- Speed up negotiations with tangible and accessible evidence regarding true costs
Michael Strathman
Category Supplier Manager, Global Procurement Services
ConocoPhillips
15:45 Afternoon Tea And Networking Break
Focus on... Intellectual Property Clauses
16:15 So, Whose Rights Are They Anyway?
Balancing your IP rights against the claims of other contracting parties is essential to ensure fairness in the contract. For clarity’s sake, set out the specific entitlements in the initial contract. Ask the questions:
- What actually is a trade secret? What IP warranties and indemnities need to be addressed?
- If a dispute should arise, what would be the preferred remedy?
Mike Czismadia
Director of Contracts
Baker Hughes
17:00 Round Table Discussion: Intellectual Property Rights: It’s A
Balancing Act!
If an operator and a contractor have developed a piece of
technology together who should own the intellectual property
rights? As a delegation you will have the chance to have your say on
the following points:
- The circumstances in which the IP will sit with each party
- Whether IP rights are deserved when there is minimal participation from either side
Led By:
Glenn Legge
Partner
Legge, Farrow, Kimmit, McGrath & Brown LLP
17:30 Chairman’s Closing