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.
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