Construction Contracts in Oil and Gas Projects

This research is an attempt to discuss construction contracts in oil and gas projects. It is focused on several types of construction contracts that are used in oil and gas industry. It outlines the different phases of an oil and gas project starting from concept, FEED and ending at EPC phase. The r...

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محفوظ في:
التفاصيل البيبلوغرافية
المؤلف الرئيسي: Abdo, Waleed (author)
منشور في: 2016
الموضوعات:
الوصول للمادة أونلاين:http://bspace.buid.ac.ae/handle/1234/877
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author Abdo, Waleed
author_facet Abdo, Waleed
author_role author
dc.creator.none.fl_str_mv Abdo, Waleed
dc.date.none.fl_str_mv 2016-10-24T09:28:34Z
2016-10-24T09:28:34Z
2016-04
dc.format.none.fl_str_mv application/pdf
dc.identifier.none.fl_str_mv 2013122069
http://bspace.buid.ac.ae/handle/1234/877
dc.language.none.fl_str_mv en
dc.publisher.none.fl_str_mv The British University in Dubai (BUiD)
dc.subject.none.fl_str_mv construction contracts
oil and gas industry
United Arab Emirates (UAE)
construction industry
FIDIC contract
law
dc.title.none.fl_str_mv Construction Contracts in Oil and Gas Projects
dc.type.none.fl_str_mv Dissertation
description This research is an attempt to discuss construction contracts in oil and gas projects. It is focused on several types of construction contracts that are used in oil and gas industry. It outlines the different phases of an oil and gas project starting from concept, FEED and ending at EPC phase. The research discusses the FIDIC Silver Book which is used for EPC projects that are known as turnkey projects. Every project is experiencing risks of different levels. These risks need to be identified and managed to reduce their effect. Selecting the right contracting method helps in limiting risks the project might experience. Although UAE does not have a dedicated law for construction industry, it supports the freedom of contract principle. This means a bespoke contract, including a FIDIC contract, can be used by the contracting parties as long as its terms and conditions do not conflict with any of UAE mandatory rules. The change management is addressed in terms of variations and extension of time. Reasons causing variations and / or affecting the project schedule are addressed in this research along with the responsible party of these change orders. Moreover, the research discusses the risk allocation based on FIDIC Silver Book and highlights whether all risks are really shifted to the construction Contractor or some of them remain with the Employer. The end of the research discusses the dispute resolution mechanism adopted in FIDIC Silver Book and the mechanism adopted within UAE.
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publisher.none.fl_str_mv The British University in Dubai (BUiD)
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spelling Construction Contracts in Oil and Gas ProjectsAbdo, Waleedconstruction contractsoil and gas industryUnited Arab Emirates (UAE)construction industryFIDIC contractlawThis research is an attempt to discuss construction contracts in oil and gas projects. It is focused on several types of construction contracts that are used in oil and gas industry. It outlines the different phases of an oil and gas project starting from concept, FEED and ending at EPC phase. The research discusses the FIDIC Silver Book which is used for EPC projects that are known as turnkey projects. Every project is experiencing risks of different levels. These risks need to be identified and managed to reduce their effect. Selecting the right contracting method helps in limiting risks the project might experience. Although UAE does not have a dedicated law for construction industry, it supports the freedom of contract principle. This means a bespoke contract, including a FIDIC contract, can be used by the contracting parties as long as its terms and conditions do not conflict with any of UAE mandatory rules. The change management is addressed in terms of variations and extension of time. Reasons causing variations and / or affecting the project schedule are addressed in this research along with the responsible party of these change orders. Moreover, the research discusses the risk allocation based on FIDIC Silver Book and highlights whether all risks are really shifted to the construction Contractor or some of them remain with the Employer. The end of the research discusses the dispute resolution mechanism adopted in FIDIC Silver Book and the mechanism adopted within UAE.The British University in Dubai (BUiD)2016-10-24T09:28:34Z2016-10-24T09:28:34Z2016-04Dissertationapplication/pdf2013122069http://bspace.buid.ac.ae/handle/1234/877enoai:bspace.buid.ac.ae:1234/8772021-10-14T06:48:39Z
spellingShingle Construction Contracts in Oil and Gas Projects
Abdo, Waleed
construction contracts
oil and gas industry
United Arab Emirates (UAE)
construction industry
FIDIC contract
law
title Construction Contracts in Oil and Gas Projects
title_full Construction Contracts in Oil and Gas Projects
title_fullStr Construction Contracts in Oil and Gas Projects
title_full_unstemmed Construction Contracts in Oil and Gas Projects
title_short Construction Contracts in Oil and Gas Projects
title_sort Construction Contracts in Oil and Gas Projects
topic construction contracts
oil and gas industry
United Arab Emirates (UAE)
construction industry
FIDIC contract
law
url http://bspace.buid.ac.ae/handle/1234/877