2005
DOI: 10.1080/02646811.2005.11433387
|View full text |Cite
|
Sign up to set email alerts
|

Irretrievable Breakdown? A Review of Operator/Contractor Relationships in the Offshore Oil and Gas Industry

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
3
1
1

Citation Types

0
9
0

Year Published

2012
2012
2018
2018

Publication Types

Select...
2
1

Relationship

0
3

Authors

Journals

citations
Cited by 3 publications
(9 citation statements)
references
References 1 publication
0
9
0
Order By: Relevance
“…Historically in the upstream industry, the party holding great bargaining power has used their power to impose its preferred terms on the weaker party (Thorpe, 2008). The party with a better bargaining position such as the operators will be able to use their position to gain more favourable contract terms (Franklin, 2005). However, the contractors might still sign an imbalanced agreement in order to secure a job even though they will be subject to unacceptable risk.…”
Section: Perception Of the Contractual Formation Processmentioning
confidence: 99%
See 3 more Smart Citations
“…Historically in the upstream industry, the party holding great bargaining power has used their power to impose its preferred terms on the weaker party (Thorpe, 2008). The party with a better bargaining position such as the operators will be able to use their position to gain more favourable contract terms (Franklin, 2005). However, the contractors might still sign an imbalanced agreement in order to secure a job even though they will be subject to unacceptable risk.…”
Section: Perception Of the Contractual Formation Processmentioning
confidence: 99%
“…However, the contractors might still sign an imbalanced agreement in order to secure a job even though they will be subject to unacceptable risk. In fact, some of the contractors risk double jeopardy as any extraordinary risks will not be accepted by subcontractors and will be passed down in the usual way from the operator to the contractor but not then passed on in the sub-contract (Franklin, 2005). In this situation, the contractor is exposed to both his own contractual risk and the subcontractor's risk (Franklin, 2005).…”
Section: Perception Of the Contractual Formation Processmentioning
confidence: 99%
See 2 more Smart Citations
“…LOGIC publishes several standard forms of contracts to be used in marine construction contracts within the petroleum industry (22). The standard contract is derived from the CRINE (Cost Reduction in the New Era) initiatives, where the operators and contractors work together to produce the standard contracts for the UK Offshore Oil and Gas Industry which today are available in ten forms, four of which are second editions (23). For construction contracts, LOGIC has produced a set of General Conditions for Marine Construction (the "Model Construction Contract"), 2004 Edition (24).…”
Section: Special Legal Framework For Oil and Gasmentioning
confidence: 99%