This book provides a comprehensive overview of the key aspects and contracts involved in the process of developing oil and gas projects, with an emphasis on offshore developments.
Project development in oil and gas carries with it numerous unique risks and challenges. By identifying and managing risk through the various contract stages, each stage of the project is seen in perspective and therefore gives readers a better understanding of how that stage was arrived at and what is expected to come later. To do this, the authors use illustrative international case studies from past and current projects, thereby deepening the reader’s understanding and awareness of risk from practical experience, as well as suggesting answers for those who are involved in developing oil and gas projects.
The Application of Contracts in Developing Offshore Oil and Gas Projects is intended for project owners, project managers, contractors, finance managers, commercial managers and lawyers who seek to understand the subject from a practical point of view.
"The Application of Contracts in Developing Offshore Oil and Gas Projects is helpfully aimed at a broader audience than lawyers alone. Project Owners, Project Managers, Contractors, Finance Managers, Commercial Managers and Engineers also need to understand the legal environment in which they operate, and the particular contractual requirements in relation to such projects, including the regulatory requirements. Such an understanding amongst the responsible consultant team, including the lawyers is material to the development of efficient and safe offshore oil and gas projects.
In essence this Book sets out to provide the many categories of professionals tasked with the responsibility of working in the oil and gas industry, with a better understanding of the peculiarities of this most interesting and economically important area of discipline and practice.
I am more than confident that this Book will elevate such professionals to a greater level of understanding of the legal and engineering framework within which they are working and will enhance their competence and satisfaction as practitioners."
The Honourable Justice Digby, Judge in Charge of the Admiralty List and the Technology, Engineering and Construction List
1. Introduction 2. Project Participants 3. Project Identification 4. Feasibility Studies 5. Contract Strategy 6. Offshore Construction Contracting for Oil and Gas Projects 7. Contracts for Oil and Gas Projects 8. Reconsidering Procurement Criteria and Procedures for Major Infrastructure Projects 9. Basic Engineering 10. Detailed Design 11. Procurement 12. Construction 13. Commissioning and Start Up 14. Risk Allocation and Insurance 15. Project Performance Review 16. International Contracting 17. Managing Risk 18. Variations 19. Economic Duress 20. Challenges in Achieving Successful Megaprojects 21. Decommissioning