The Art of Oil & Gas Procurement
| Start Date | End Date | Venue | Fees (US $) | ||
|---|---|---|---|---|---|
| The Art of Oil & Gas Procurement | 04 Oct 2026 | 08 Oct 2026 | Riyadh, KSA | $ 3,900 | Register |
| The Art of Oil & Gas Procurement | 06 Dec 2026 | 10 Dec 2026 | Live-Online | $ 2,500 | Register |
The Art of Oil & Gas Procurement
| Start Date | End Date | Venue | Fees (US $) | |
|---|---|---|---|---|
| The Art of Oil & Gas Procurement | 04 Oct 2026 | 08 Oct 2026 | Riyadh, KSA | $ 3,900 |
| The Art of Oil & Gas Procurement | 06 Dec 2026 | 10 Dec 2026 | Live-Online | $ 2,500 |
Introduction
Procurement plays a critical role in the success of oil and gas operations by ensuring the timely acquisition of equipment, materials, and services while maintaining cost efficiency, quality, and compliance. This course provides participants with a comprehensive understanding of procurement principles, strategies, and best practices tailored to the oil and gas industry. It covers the complete procurement lifecycle, supplier management, contract administration, negotiation techniques, risk management, and ethical procurement practices to support efficient and sustainable operations.
Objectives
- Understand the procurement process within the oil and gas industry.
- Apply strategic sourcing principles to optimize procurement performance.
- Develop effective procurement planning and purchasing strategies.
- Evaluate suppliers and manage vendor relationships professionally.
- Understand contract types and procurement documentation.
- Improve negotiation skills for procurement and commercial agreements.
- Identify procurement risks and implement appropriate mitigation measures.
- Ensure compliance with procurement policies, ethical standards, and industry regulations.
- Enhance cost management while maintaining quality and operational efficiency.
- Apply best practices for achieving value-driven procurement outcomes.
By the end of this course, participants will be able to:
Training Methodology
The course will be delivered through a combination of:
- Interactive presentations
- Instructor-led lectures
- Group discussions
- Industry case examples
- Guided exercises and knowledge reviews
- Experience sharing and facilitated discussions
- Question-and-answer sessions
Who Should Attend?
This course is designed for:
- Procurement Engineers
- Procurement Specialists
- Purchasing Officers
- Supply Chain Professionals
- Contract Engineers
- Contract Administrators
- Materials Management Personnel
- Logistics Coordinators
- Project Procurement Teams
- Vendor Management Professionals
- Commercial Officers
- Operations and Maintenance Personnel involved in procurement activities
- Professionals seeking to enhance their knowledge of oil and gas procurement principles and best practices
Course Outline
Day 1: Fundamentals of Oil & Gas Procurement
- Introduction to Procurement in the Oil & Gas Industry
- Procurement Functions and Organizational Roles
- Procurement Lifecycle Overview
- Categories of Procurement
- Goods Procurement
- Services Procurement
- Capital Projects Procurement
- Procurement Planning Principles
- Procurement Policies and Governance
- Ethical Standards and Professional Conduct
Day 2: Strategic Sourcing and Supplier Management
- Strategic Procurement Concepts
- Market Analysis and Supplier Identification
- Supplier Qualification and Prequalification
- Vendor Evaluation Criteria
- Supplier Performance Measurement
- Building Long-Term Supplier Relationships
- Supplier Development Strategies
- Procurement Performance Indicators
Day 3: Tendering, Contracts, and Commercial Practices
- Procurement Documentation
- Scope of Work Preparation
- Tendering Methods and Procedures
- Bid Evaluation Principles
- Commercial and Technical Evaluation Concepts
- Contract Types in Oil & Gas Procurement
- Purchase Orders and Contract Administration
- Managing Contract Variations and Claims
Day 4: Procurement Negotiation and Risk Management
- Principles of Procurement Negotiation
- Negotiation Planning and Preparation
- Commercial Negotiation Techniques
- Managing Difficult Negotiations
- Procurement Risk Identification
- Supply Chain Risk Assessment
- Risk Mitigation Strategies
- Managing Procurement Challenges in Oil & Gas Projects
Day 5: Procurement Excellence and Continuous Improvement
- Cost Optimization Strategies
- Total Cost of Ownership (TCO)
- Inventory Considerations in Procurement
- Procurement Performance Measurement
- Procurement Auditing and Compliance
- Sustainability in Procurement
- Digital Trends and Future Developments in Oil & Gas Procurement
- Developing a Procurement Improvement Plan
- Course Review and Key Takeaways

