The British Academy for Training and Development offers this training program in "Comprehensive Bid Evaluation and Contracting in Oil and Gas Operations", designed to equip participants with an advanced understanding of the bidding, evaluation, and contracting processes specific to oil and gas engineering.

This program addresses the need for professionals who can assess complex technical proposals, evaluate contractor capabilities, and manage contracts that include drilling, logging, production, and workover operations. Participants will gain knowledge of how to evaluate equipment, staff expertise, company experience, reputation, and overall costs to ensure optimal decision-making. The program provides a structured approach to analyzing bids, mitigating operational and financial risks, and securing reliable and efficient contractors in a high-stakes, highly regulated industry.

Who Should Attend?

• Procurement and contracts officers in oil and gas engineering companies.

• Project managers overseeing drilling, logging, production, or workover operations.

• Technical engineers and supervisors responsible for evaluating contractor capabilities.

• Legal, compliance, and financial professionals involved in contract review and negotiation.

Knowledge and Benefits:

After completing the program, participants will be able to master the following:

• Develop participants’ ability to systematically evaluate bids in oilfield engineering projects.

• Enhance understanding of contract structures, terms, and obligations specific to oil and gas operations.

• Equip participants with the skills to assess equipment, staff, experience, reputation, and costs.

• Improve risk identification and mitigation in both bidding and contracting stages.

• Strengthen knowledge in monitoring contractor performance and ensuring compliance with operational standards.

• Overview of Bidding in Oil and Gas Projects

  • Understanding bidding procedures for drilling, logging, and production operations.

  • Key evaluation criteria: technical capability, project scope, and operational efficiency.

  • Regulatory and safety considerations specific to oilfield operations.

• Evaluating Contractors and Service Providers

  • Assessing staff expertise, technical qualifications, and prior experience.

  • Reviewing company reputation and track record in similar projects.

  • Identifying strengths and weaknesses in bids to ensure reliability and quality.

• Equipment and Technology Evaluation

  • Assessing suitability and availability of drilling, logging, and workover equipment.

  • Evaluating technology for efficiency, safety, and compliance.

  • Considering lifecycle maintenance requirements and operational readiness.

• Operational Capability Assessment

  • Evaluating staff competency, certifications, and experience in similar operations.

  • Ensuring contractor capacity for production, drilling, and workover schedules.

  • Assessing resource allocation and project management capabilities.

• Cost Analysis and Budget Evaluation

  • Comparing bids based on cost-effectiveness for drilling, logging, and production operations.

  • Evaluating cost breakdown: labor, equipment, materials, and logistics.

  • Identifying potential hidden costs and financial risks.

• Risk Management in Bid Evaluation

  • Assessing operational, safety, and environmental risks.

  • Evaluating contractor risk mitigation plans and contingency strategies.

  • Balancing cost versus reliability, reputation, and performance record.

• Contract Structuring for Oilfield Operations

  • Identifying key contractual clauses: scope, deliverables, performance guarantees.

  • Defining responsibilities for drilling, logging, production, and workover tasks.

  • Incorporating safety, environmental, and regulatory compliance terms.

• Negotiation Techniques

  • Negotiating rates, equipment usage, and staffing requirements.

  • Aligning contract terms with operational and financial objectives.

  • Ensuring clarity on timelines, deliverables, and quality standards.

• Contract and Operational Performance Monitoring

  • Tracking contractor performance in drilling, logging, and production workovers.

  • Measuring equipment utilization, staff efficiency, and adherence to schedules.

  • Implementing reporting systems and KPIs for operational oversight.

• Compliance, Reputation, and Lessons Learned

  • Ensuring compliance with regulatory, environmental, and safety standards.

  • Maintaining documentation to protect company interests and reputation.

  • Leveraging past project experience for continuous improvement and cost control.