Offshore Floating Production: Legal and Commercial Risk Management

This book is the first to focus on the law and practice relating to offshore oil and gas floating production, covering all legal and commercial risk management issues from initial concept through design, construction, modification, installation, acceptance, production, and offloading. It is of special interest to project managers and in-house lawyers, offshore contractors, design consultants, construction companies, suppliers, vessel operators, banks, insurers, and investors, as contracts used in this industry are often written under English law.

Format: Hardback
Length: 308 pages
Publication date: 10 February 2023
Publisher: Taylor & Francis Ltd

This groundbreaking book is the first to delve into the intricate realm of law and practice surrounding offshore oil and gas floating production. It encompasses a comprehensive range of legal and commercial risk management concerns, spanning from the initial conceptualization to the design, construction, modification, installation, acceptance, production, and offloading phases, including ancillary legal topics such as Joint Ventures (JV)/consortiums, financing, insurance, decommissioning, and intellectual property.

Floating production projects, a favored approach for offshore oil and gas production, involve vessels positioned above the offshore reservoir, receiving well fluids that are subsequently processed, stored, and offloaded to tankers. These projects operate in deep water, harsh conditions, and marginal fields, with the flexibility to be redeployed once the reservoir is depleted. However, the unique characteristics of floating production introduce a complex web of legal issues, presenting a unique blend of challenges and attendant risks and potential liabilities.

This book meticulously examines these risks and liabilities, exploring how they can be allocated between the parties involved. It also delves into strategies for mitigating consequences and resolving disputes, with a particular focus on the practical aspects of the relationship between oil and gas companies and specialist floating production contractors at each stage of the project lifecycle.

By examining these issues and presenting competing legal arguments, the book offers valuable insights into the complex world of floating production. It is of immense interest to project managers and in-house lawyers at oil companies, offshore contractors, design consultants, construction companies, suppliers, vessel operators, banks, insurers, and investors. Moreover, private practice lawyers in all jurisdictions where these projects occur will find it particularly useful, as contracts used in this industry are often governed by English law, and understanding the local legal nuances is crucial.

In conclusion, this comprehensive book is a vital resource for anyone involved in offshore oil and gas floating production. It provides a thorough understanding of the legal framework, risk management strategies, and dispute resolution mechanisms, enabling professionals to navigate the complex terrain of this industry with confidence and expertise.

Weight: 720g
Dimension: 246 x 174 (mm)
ISBN-13: 9781032153797