About this Training Course
Almost all subsectors in the Oil & Gas, Marine & Offshore value chain are currently experiencing challenging market conditions. Despite signs of improved macroeconomic fundamentals and demand, the near term outlook for most subsectors remain uncertain. The continued delivery of large numbers of vessels into a depressed market creates continued uncertainty on how the supply-demand imbalance can be addressed. The financial pressures on business owners are mounting. In light of the current external environment, what are the options available for business owners and market participants except waiting for the recovery of the market?
This current crisis is not the last that we will see. Are there more attractive business models to pursue to generate more sustainable profits and “shock-proof” the impact of future downturns? This unique 3-day training program is an advanced level course for procurement managers, legal and strategic planners to learn how to create a new business models from an outdated traditional one. Participants will learn about the innovative business models that have emerged, the drivers behind such transformation, the attractive opportunities available currently, success factors and tools to create such models for their own businesses. The discussions will encompass a holistic, cross-functional orientation with case studies from Asia and around the world.
This training course has been developed based on the increasing requests from the senior management of companies as industry leaders, on ways to deal with the challenges of locked-in contracts during the periods of higher oil prices.
By attending this intensive workshop, participants will be able to:
- Generate options for re-negotiating term contracts through careful review of the contract clauses and factual situations being faced
- Optimise utilisation due to reduction in demand by exploring alternative avenues for absorbing capacity
- Enforce contractual performance clauses and identify the possibilities for exit routes
- Gain deep understanding of interpretation and invoking of force majeure clauses in different types of contracts in context of present challenges of the market economies
- Drafting and invoking “Termination for Convenience” clauses in present and future contracts
- Contracts and Procurement Managers
- Supply Chain, Logistics and Transportation Managers
- Charterparty Managers
- Offshore Project Managers Directors
- Corporate or In-house Legal Counsels
- Strategic Planning and Business Risk Executives
- Business Development and Commercial Planning Managers
- Investment Planning Managers
Your course leader is a practising Chartered Arbitrator and Principal Management Consultant. He specialises in the fields of corporate management consultancy, international contracts reviews and Alternative Dispute Resolutions. Over a 43-year period, he has worked and consulted in the industry verticals encompassing, Oil & Gas majors, EPCIC Contractors, Construction Projects, Shipping, Logistics & Warehousing, and international shipyards. He has also worked as a consultant to the Infrastructure Development Projects, Oil & Gas Pipe Laying Contracts, Ports, Offshore Supply Bases, Shipyards and Owners of Oil & Gas Tankers, Dry Bulkers, Drill Ships, OSVs and FPSO’s.
His consulting expertise traverses through Business Process Re-engineering, Diversifications, Corporate Development, Project Management, Feasibility Studies, Dispute Resolutions and Market Research. He has been engaged for strategic planning, including assignments like due
diligence, resolving various operational issues, consortium contracts reviews, cost controls, project management matters and enhancement of procurement and supply chain management systems. He has successfully assisted offshore E & P clients in managing disputes arising from various international EPCIC projects, contracts for rig building, ships upgrading & conversion projects. He continues to be actively engaged in claims reviews, adjudication, mediation, arbitration, litigation and expert witness related assignments, arising from international construction contracts and Charterparty Agreements.
He has held positions of General Manager and Consultant with major Shipyards and Managing Director, General Manager and Senior Manager, with the companies from construction industry, heavy engineering fabrications, and marine & offshore services sectors. He was responsible for
the projects related to the works on Offshore Vessels refurbishment, FPSO Conversions, Gas Tanker Repairs, Process Modules engineering, Lateral Gas and Oil Pipelines’ and other (EPCIC) construction related works. He has developed special methodologies for managing CMGD (Complex, Multiple, Geographically Dispersed) projects.
He graduated with a Bachelor’s Degree in Electrical Engineering, MBA in General Management, Master of Technology in Knowledge Engineering and Master of Science in Maritime Studies. He holds professional qualifications in arbitration law, contract law and marine engineering, including the Chief Engineer’s First Class Certificate of Competency. He is currently engaged in the field of intellectual property, trademarks, copyrights and patents protection related studies and investments treaty related matters.
He is ‘Fellow’, Asian Institute of ADR (‘FAIADR’); Fellow, Chartered Institute of Arbitrators, (‘FCIArb’); Member, Maritime Law Association of Singapore, Fellow, Hong Kong Institute of Directors (FHKIoD) and Member, Singapore Institute of Directors (M.S.I.D.) He is also a Member of Association of International Petroleum Negotiators (AIPN), USA and several other organisations.
He regularly undertakes appointments as Arbitrator for resolving international disputes. He is admitted to the panel of arbitrators with ACICA & AMTAC, Sydney, Australia; AIAC, Malaysia; DIAC, Dubai, (UAE); KCAB, Korea; SCCA, Saudi Arabia; SCMA, Singapore; HKIAC, Hong Kong; LCIA, London, UK; VIAC, Vienna, Austria; ICA, Delhi, India; WIPO Arbitration & Mediation Centre; and Past Member, ICCA, PCA Hague, Netherlands.
He is also an empaneled Adjudicator and Mediator with AIAC, Malaysia and Accredited Mediator of CMC, Ministry of Law, Singapore.
Learn what past participants have said about PetroEdge training courses
This training is filled with facts of a supply base.
Project Logistics, Sabah Shell Petroleum Company
Each section is very relevant and matches our business.
GM-Operations, Asian Supply Base
This training provided me with more understanding of offshore & marine supply base management. I can apply this knowledge gained for my day-to-day routine tasks.
Sabah Logistic Manager, Murphy Oil Corporation
Good session and well managed presentation. There was a lot of interaction and experience sharing between the participants!