Culmination of Law

Culmination of Law

Survey the Principles Governing Project Alliancing in Oil and Gas Industry from the Perspective of Risk Confrontation Strategies

Document Type : Original Article

Authors
Seyyed Nasrollah Ebrahimi 1
Samira Gholamdokht 2
1 Associate Professor, Department of Private Law, Faculty of Law and Political Science, University of Tehran, Tehran, Iran.
2 PhD in Oil and Gas Law, Faculty of Law and Political Science, University of Tehran, Tehran, Iran
10.22034/thdad.2022.539971.1975
Abstract
One of the major issues of oil and gas industry is risk management that nowadays has been challenged due to necessity for investing in complicated projects. So there has been a need to design a kind of contract with special structure and principles in order to provide the possibility of the best risk management. Project alliancing that in Iran engineering literature named Integrated Project Delivery (IPD) has been created in response to this kind of need and necessity. Such a novel approach has begun from England and nowadays is applied in some other countries such as Australia. So in this article, the Authors have studied the principles governing project alliancing in oil and gas industry from the perspective of risk confrontation strategies. This principles such as several liability in independent points of project, principle of gainshare-painshare and so on, have been discovered from reviewing template of project alliancing contracts, instructions and published articles. As a result the precise performance of these principles in the relationships of participants, provide the possibility of the best risk management such as Andrew Project performed by British Petroleum and its contractors.
Keywords
Project Alliancing
Integrated Project Delivery
Oil and Gas Industry
Partnering Contracts
risk management
Subjects
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