Using FIDIC Contracts to Manage
Risk in Oil and Gas Projects
Use FIDIC Contracts as a Risk Management tool in Project Management. Contract forms are frequently used in a passive way to control the parties’ involvement in contracts but this course will show techniques and methodologies allowing a more pro-active approach to the management of Risk. In this way the contract itself becomes a dynamic tool to actively assist in the achievement of the project goals and objectives.
Benefits and Advantages
- Allows the development of a dynamic Risk Management Plan
- Enables the Internal and External Risks to be fully analysed
- Addresses the particular risks associated with the current global pandemic crisis
- Establishes a template for dealing with future events do a similar nature.
- Shows the benefits of the correct choice of contract form to maximise benefits in Risk Management.
- Delivered by senior SME’s with extensive international expertise and experience
- Best international practice and leading-edge knowledge
- Aligned to and benchmarked against British and Commonwealth armed forces leadership, UK professional and academic bodies’ standards
Executive One to One
£40 pp ph
Professional One to One
£30 pp ph
Executive Micro Group
See investment fees schedule
See investment fees schedule
Five Day Course
Extended Programme 1
Extended Programme 2
One Day Masterclass
Two Day Masterclass
Three Day Masterclass
Your Course At A Glance
A Short Intensive and
Short Professional Course
With Online Support
5 Day, 2 and 4 Week
1, 2 and 3 Day Masterclass
Coaching and Tutorials
The current worldwide Covid 19 pandemic has brought into sharp focus the need for project teams to be vigilant and pro-active in their approach to risk. A large part of the focus has to be the selection of the correct contract with which to carry out the project and to ensure that it is primarily used as a Risk Management tool as part of the wider toolkit of Risk Management techniques.
This is particularly important in large scale international projects involving parties from different countries and legal systems, a scenario frequently found in Oil and Gas contracts. The FIDIC family of contracts has been developed specifically to cater for this type of contractual situation and is focussed on managing rather than penalties.
The course focus is developing an effective risk strategy and effectively using different approaches to risk allocation through knowledge, understanding and use of different FIDIC forms and their uses within Oil and Gas Projects. There is a practical project and business risk emphasis.
Who Is This Course For?
The Course is designed for experienced Project Managers and Risk Managers to enhance their own experience in this field. Additionally, it will be beneficial to Procurement specialists in choosing the correct contract forms to use.
It will also be of benefit to less experienced junior managers who wish to enhance their knowledge in this area as a means of career progression.
What Are The Course Objectives?
The objectives of the course are firstly to enable the identification of the principal risks in a proposed contract, and secondly to assign the correct contract form to best address those risks.
What Will I Learn?
By the end of this programme and course you will:
- Understand the different FIDIC forms and how they work with Oil and Gas Projects.
- Understand the different approaches to risk allocation
- Design a Risk strategy for your project
- Select the most appropriate form for use on your project
- Manage Risk on the Project using the chosen FIDIC conditions
- Learn the benefits and dangers of drafting bespoke clauses
Key topics explored include:
- Module 1 – Introduction to the FIDIC family of contracts
- Module 2 – The purpose and application of the differing versions
- Module 3 – Selection criteria to choose the most favourable version
- Module 4 – FIDIC Red and Yellow Books – The clauses
- Module 5 – FIDIC Silver Book – the Clauses
- Module 6 – Differences
- Module 7 – Procurement and Risk
- Module 8 – Risk Clauses looked at in detail
- Module 9 – The position of insurance
- Module 10 – Drafting special clauses
Professional Advanced Certificate
- Module 11 – Developing a Risk Strategy
- Module 12 – Using the contract pro-actively as a management tool to address risk
What Will I Walk Away With?
You will walk away with:
- A detailed understanding of the FIDIC family of contracts
- The ability to select the most appropriate version for your project
- An understanding of the way RISK is dealt with under FIDIC
- The ability to conduct RISK planning and organise a RISK regime
- The ability to make a real, high-performance impact on your organisation and business
- Specialist and transferable professional skills
- Enhanced career and promotion prospects
- Continuous professional development credits
- A personalised leadership action plan, which in conjunction with the course, critical personal reflection and ongoing professional development will allow you to further develop and put into practice what you have learnt
- Access to our leadership library of resources
- Either a professional award, a professional certificate or an advanced professional certificate
Pre Course Activities
We strongly recommend that in preparation for this course, participants take the time to complete the pre-course work; both so that they reap the fullest rewards and benefits of the courses, and so that it can be tailored and personalised where possible to their individual requirements.
- Think about what your learning priorities and objectives are
- Think about a possible leadership topic, issue, challenge or objective you have a special interest in for discussion in coaching, supervision / tutorials
- Think about what real-world organisational strategic, transformational and resilience objectives you have
- Think about what real-world organisational and business disruption, issues and challenges you face
- Think about how you can use the current climate as a catalyst for change.
What is Included In The Investment Fee?
The investment fee encompasses:
- Face to face contact learning via webinar, online and collaborative technology
- A minimum number of whole class contact hours per days / week / month – subject to programme and course duration selected
- Micro group sessions – depending upon participant numbers and webinar / programme / course duration
- Individual / pair / micro group supervisions / coaching / personal and operational consulting and action planning – depending upon participant numbers and webinar / programme / course duration
- Core course materials – send by email and online
- Supplementary materials – send by email and online
- Complimentary materials – materials – send by email and online
- Access to documents and resources library for the webinar / programme / course duration
Availability and Dates
At the moment due to the global pandemic, this course is only available publicly on a webinar basis with online support.
The masterclass, short five-day intensive professional, two and four week extended professional programmes and courses recommence on:
27thSept 2021 | 11thOctober 2021 | 25thOctober 2021 |
8thNovember 2021 | 22ndNovember 2021 | 6thDecember 2021 | 10thJanuary 2022 | 24thJanuary 2022 | 7thFebruary 2022 | 21stFebruary 2022 | 7thMarch 2022 | 21stMarch 2022
1,2 3 Day Master Classes and 1,2,3 Day Advanced Professional Classes recommence on:
4thOctober 2021 | 18thOctober 2021 | 1stNovember 2021 | 15thNovember 2021 | 29thNovember 2021 | 13thDecember 2021 | 17thJanuary 2022 | 31stJanuary 2022 | 14th February 2022 | 28thFebruary 2022
Stephen Felder – Shaw
A Trainer's View
ʺ The FIDIC family of contracts are the most widely used set of documents for large-scale international contracts. This is particularly so in Oil and Gas contracts. Even when client organisations develop their own bespoke contract conditions the basis is often to be found in the FIDIC documents. It is a fact that most problems that occur in projects stem from errors in procurement strategy.
This course is designed to help individual managers overcome this problem by introducing a mind-set which challenges preconceptions and develops a method of working in which risks are identified in a structured manner at an early stage and corrective action is taken. Another fallacy that is prevalent is the idea that contracts are there to impose obligations and identify penalties for when things go wrong. In this course, the opposite view is considered whereby the contract is a pro-active risk management tool. ʺ
Course Fees' Payment
UK and international clients should please contact us at Minerva Academy directly for payment of course fees.
All course fees must be paid 48 hours prior to commencement of the webinar / courses.
COURSE REGISTRATION AND CONTACT
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