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Book Cover
E-book
Author Lemanski, Max.

Title Offshore Floating Production Legal and Commercial Risk Management
Published Milton : Informa Law, 2023

Copies

Description 1 online resource (309 p.)
Series Maritime and Transport Law Library
Maritime and transport law library.
Contents Cover -- Half Title -- Series -- Title -- Copyright -- Contents -- Table of cases -- Table of legislation -- About the authors -- List of contributors -- Acknowledgements -- List of acronyms and abbreviations -- Chapter 1 Introduction to Floating Production -- A. Floating production as a legal topic -- B. What is an FPSO? -- (i) Is it a ship? -- (ii) What is the F for? -- (iii) What is the P for? -- (iv) What is the S for? -- (v) What is the O for? -- (vi) Is an FLNG a type of FPSO? -- (vii) Is an FLSO an FLNG or an FPSO? -- C. What is an FPSO charter? -- D. FPSO contracts -- English law
(I) General principles -- (ii) Contract forms -- E. FPSOs -- contract structures -- (i) The FP Contractor -- (ii) The Company -- (iii) Subcontracting -- (iv) Compliance with local content requirements -- (v) Alternative structures -- (vi) Assignees -- (vii) Mortgagees -- F. Typical FPSO charter obligations -- (i) Charter structure -- (ii) Design and construction -- (iii) Installation and acceptance -- (iv) Production -- (v) The charter period -- (vi) Liabilities and indemnities -- (vii) Offtake and offloading -- G. Floating production in the future -- (i) Making carbon fuel production greener
(Ii) Using existing infrastructure to capture carbon -- (iii) New floating energy sources -- Chapter 2 FPSO Design -- A. Introduction -- B. Design responsibility -- C. The design development process -- (a) Illustration 1 -- off-spec hydrocarbons -- (b) Illustration 2 -- weather loading windows -- (c) Illustration 3 -- design assumptions -- D. Changes to basis of design -- (i) Changes -- some issues and illustrations -- (a) Illustration 4 -- insufficient buoyancy -- (b) Illustration 5 -- relaxation of design requirements -- (ii) Charter amendments -- (iii) Charter notice requirements
E. Design integration -- (i) Allocation of design risk -- (ii) Separate hull and topsides yards -- (a) Illustration 6 -- interface design -- (b) Illustration 7 -- handover design -- F. Location -- G. Compliance with local regulations -- (i) General -- (ii) Flaring -- (a) Illustration 8 -- flaring -- H. Design changes of necessity -- (i) Variation requests -- I. Preferential design changes -- J. Variation proposals -- K. Change order documents -- (a) Illustration 9 -- scope of agreed variation -- L. Post-delivery variations -- Chapter 3 Construction Contracts -- A. Introduction
B. Technical requirements -- C. Legal nature of a subcontract -- D. Typical construction contract terms -- (i) Description/scope of work -- (ii) Price and payment terms -- (iii) Variations -- (iv) Mechanical completion/commissioning -- (v) Acceptance -- (vi) Acceptance testing -- (vii) Rights of termination -- (viii) Defects rectification -- Chapter 4 Conversions, Refurbishment and Modifications -- A. Introduction -- B. Conversions versus newbuild projects -- C. Acquisition of vessels -- (i) The vessel for conversion -- (ii) Incorporating the vessel into the design
Summary 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
Notes Description based upon print version of record
D. The yard, scope of work and delivery
Stuart Beadnall is one of the UK's leading legal experts in the offshore oil and gas industry. His experience includes construction, installation and operation of fixed and floating platforms, LNG charters, drilling contracts and offtake agreements. He has worked on over 70 floating production projects, including innovative FPSOs whilst working at BHP Petroleum, and as a partner at Stephenson Harwood, new developments in the North Sea, West Africa, Brazil, Indonesia and Australia, including FLNG. Simon Moore is a leading specialist in offshore energy law. He has extensive experience of offshore floating production projects worldwide. Simon has also advised on numerous high value arbitrations (ICC, LCIA, LMAA and ad hoc) arising out of construction and conversion projects for FPSOs and is a specialist in handling disputes concerning design risk, delay, disruption, force majeure, indemnities and performance warranties. Max Lemanski is a partner at Stephenson Harwood, specialising in shipping and offshore energy. He co-leads the firm's market-leading FPSO team advising on floating production projects all around the world. In disputes, his cases include complex, high-value FPSO claims in the English High Court and LMAA, ICC and LCIA arbitrations concerning detailed technical analysis, variations, delay and prolongation, hire adjustment clauses, production problems and termination. He is also an expert in the decarbonisation of the offshore energy sector
Subject Offshore oil industry -- Law and legislation
Offshore gas industry -- Law and legislation
Offshore structures -- Law and legislation.
LAW / Maritime
LAW / Construction
Offshore gas industry -- Law and legislation.
Offshore oil industry -- Law and legislation.
Offshore structures -- Law and legislation.
Form Electronic book
Author Moore, Simon.
Beadnall, Stuart.
ISBN 9781000805925
1000805921
9781003243861
100324386X
9781000805963
1000805964