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This is the first book to focus on the law and practice relating to
offshore oil and gas floating production. It deals with all legal
and commercial risk management issues from initial concept through
design, construction, modification, installation, acceptance,
production and offloading, including ancillary legal topics;
JV/consortiums, financing, insurance, decommissioning and
intellectual property. Floating production projects are a popular
method of achieving offshore oil and gas production, utilising
vessels sitting over the offshore reservoir, receiving well fluids
which are then processed, stored and offloaded to tankers. They
operate in deep water, harsh conditions and marginal fields, and
may be redeployed once the reservoir is depleted. There are
numerous legal issues which arise in the context of floating
production due to its specific characteristics, presenting a unique
combination of challenges with the attendant risks and potential
liabilities. This book analyses these risks and liabilities and
considers how they may be allocated between the parties, how the
consequences are avoided or mitigated and how disputes are in
practice resolved. It illustrates these issues and competing legal
arguments by focusing on each stage of the relationship between the
oil and gas company and a specialist floating production
contractor. The book will be of special interest to project
managers and in-house lawyers at oil companies, offshore
contractors, design consultants, construction companies, suppliers,
vessel operators, banks, insurers and investors. It will also be of
particular use to private practice lawyers in all jurisdictions
where these projects occur; because contracts used in this industry
are often written under English law,and contracts which are
governed by local law follow a similar pattern.
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