Procurement Strategies for the Oil and Gas Industry
Boost your understanding of industry best practice to maximize the value of contribution to the business
Attend this three-day interactive programme to gain insights into:
- Various debt financing options for a project, both on a Project Finance basis as well as other corporate debt financing options - including Borrowing Base loan facilities
- Debt structuring techniques that reflect and allocate the risks inherent in a project
- Financial models to assess financial viability for the key project stakeholders
- Motivations of key stakeholders in projects and their implications for the financing approach
- Identification, evaluation and allocation of key risks in Project Finance
- Risk and return issues for both debt providers and equity investors in the project in order to develop an appropriate capital structure
What is the programme about?
Procurement in the oil and gas industry has always faced particular challenges. Highly visible spend, restricted supply-base, technical and contractual complexity, remote and difficult locations to support, and the need to operate in an environment with JV’s and other risk sharing mechanisms.
- Tender or Bidding Managers
- Contract Administrators
- Contracting Unit Supervisors
- Project Engineers and Project Managers
- Business Audit Officers
- Contract Strategists
- Commercial Managers
- General Managers involved in developing contracts or contract negotiation
MODULE 1: INTERNAL ISSUES
- New approaches to the traditional challenges of restricted supply-bases, cost, quality and lead time
- New challenges to be dealt with: innovation, environmental issues and the new technologies
- Emerging trends in procurement and how companies are responding to them
- Can procurement be a strategic function?
- Taking a strategic view of the function
- Tools that are needed to deliver the strategic focus
- Suppliers or stakeholders – which is the biggest challenge facing procurement?
- Survey results on why other functions prefer not to work with procurement
- Ten strategies for ensuring early engagement by stakeholders
- The need for leadership not management
- Do procurement systems and processes lead to a lack of leadership?
- The Procurement Leadership Audit Tool
- The case for outsourcing procurement
- The track record so far
- The ten most commonly found problems – and how to pre-empt them
MODULE TWO – EXTERNAL ISSUES
- The logic behind category management and why it has not delivered
- Examples of best practice where it has achieved stunning success
- Re-inventing the approach
This session covers:
- Risk – prevention, mitigation or disaster recovery?
- The procurement risk audit
- A framework for screening and managing risk
- Why Major Projects require particular focus
- The commercial overlay to project management processes
- The seven major challenges on major projects and how to deal with them
- Is Procurement capable of delivering innovation?
- Exemplar approaches which have delivered success
- An agenda for delivering innovation to the business
- Using a commercial framework to determine the most appropriate contract strategy
- What does a good contract strategy look like?
- How do we ensure that contracts are operationalized and become practical working tools?
Testimonials for our Courses
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Dates & Locations
This course is only available as a custom course tailored for your business, contact us to discuss your requirements.