Using model form contracts in the Australian oil and gas industry

2011 ◽  
Vol 51 (1) ◽  
pp. 535
Author(s):  
Andrew Thompson
Keyword(s):  
Risk Management ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Legal Risk ◽  
Model Form ◽  
Australian Context

The adoption of model form contracts makes good business and legal risk management sense. In an Australian context there are a number of model form contracts available for each phase of an oil and gas project. This paper focuses on a few key examples including the Association of International Petroleum Negotiators (AIPN) Model Form Farmout Agreement and related Term Sheet, and the AIPN Model Form International Operating Agreement. Recent statutory changes, world events and practical drafting trends affecting the use of model form contracts also are commented on.

scholarly journals The 2007 CAPL Operating Procedure

2009 ◽  
Vol 46 (2) ◽  
pp. 427
Author(s):  
Craig Spurn ◽  
Jana Prete ◽  
Melissa Zerebeski
Keyword(s):  
Detailed Analysis ◽  
Operating Procedure ◽  
Oil And Gas ◽  
Standard Form ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Model Form ◽  
Canadian Association ◽  
Form Approach

This article provides an introduction and overview of the 2007 Canadian Association of Petroleum Landmen Operating Procedure and a detailed analysis of certain key provisions and changes made. The article notes that the 2007 Procedure is responsive to significant developments in the Canadian oil and gas industry and constitutes a major update of the Procedure, including in its emphasis on a “norm-based” approach rather than a “standard form” approach and articulating the need for, and cost of, deviating from the provisions of the model form.

ENVIRONMENTAL RISK MANAGEMENT: A PROPOSED SCHEME

1997 ◽  
Vol 37 (1) ◽  
pp. 714
Author(s):  
H.B. Goff ◽  
R.K. Steedman
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Environmental Risk ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Transport Processes ◽  
Assessment Process ◽  
Gas Industry ◽  
Environmental Risk Management ◽  
The Impact

Environmental risk assessment is becoming an increasingly important factor in the assessment process for new projects. The oil and gas industry is familiar with assessing and managing risks from a wide range of sources. In particular, risk assessment and management is fundamental to the evaluation and implementation of Safety cases. Risk assessment is essential in valuing exploration acreage. Various industry and government risk management standards and criteria have been developed for public and occupational health and safety.This paper examines the extension of these approaches to environmental risk management for the offshore oil and gas industry and proposes a conceptual management scheme.We regard risk as the probability of an event occurring and the consequences of that event. The risk is classified into four categories, namely:primary risk, which relates to the mechanical oilfield equipment;secondary risk, which relates to the natural transport processes. For example dispersion of oil in the water column and surrounding sea;the tertiary risk, which relates to the impact on some defined part of the physical, biological or social environment; andthe quaternary risk, which relates to the recovery of the environment from any impact.Generally the methods of quantitatively analysing primary and secondary risks are well known, while there remains considerable uncertainty surrounding the tertiary and quaternary risk and they are at best qualitative only. An example of the method is applied to coral reef and other sensitive areas which may be at risk from oil spills.This risk management scheme should assist both operators and regulators in considering complex environmental problems which have an inherent uncertainty. It also proves a systematic approach on which sound environmental decisions can be taken and further research and analysis based. Perceived risk is recognised, but the management of this particular issue is not dealt with.

scholarly journals Risk Management in Oil and Gas (EPC) Industry

2021 ◽  
Vol 9 (9) ◽  
pp. 1255-1264
Author(s):  
Prashant Pralhad Kadam
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Oil And Gas ◽  
Safety Management ◽  
Management Strategies ◽  
Oil And Gas Industry ◽  
Construction Costs ◽  
Defective Items ◽  
Gas Industry ◽  
Risk Management Strategies

Abstract: The five most important risk factors identified in the design phase are 1] scope uncertainty, 2] failed management and planning, 3] changes in errors and omissions, 4] inadequate projectS team structure, 5] inadequate quality requirements. The top five risk factors determined by the procurement category are 1] Inadequate online resources and equipment, 2] Distribution of suppliers, 3] Uncertainty in design and style, codes, requirements and standards, 4] Defective items, and 5] Compromise. The 5 most important risk factors identified in the construction phase are 1] weak project capability, 2] excessive construction costs, 3] major construction delays, 4] strong project plan, and 5] poor safety management .This was initiated by the link between risk factors and the effects on price, quality and timing, as well as the potential for expensive, common, and high-quality outcomes. Keywords: Disaster risk management, risk management strategies, project risk management, oil and gas industry.

Transition to a low carbon economy in the context of the oil and gas industry

2021 ◽  
Vol 18 (2) ◽  
pp. 34-42
Author(s):  
P. N. Mikheev
Keyword(s):  
Risk Management ◽  
Oil And Gas ◽  
Transition Period ◽  
Oil And Gas Industry ◽  
Low Carbon ◽  
Adaptation To Climate Change ◽  
Gas Industry ◽  
Low Carbon Economy ◽  
Climate Risks ◽  
Carbon Economy

The article discusses issues related to the transition of the oil and gas industry to a low-carbon economy. Within the framework of the scenario approach the key risks of the transition period are considered. The importance of managing climate risks for organizations in the oil and gas industry is emphasized. The prospect of including climatic risks in the general risk management system of the organization is shown. Examples of the implementation of new approaches to climate risk management and adaptation to climate change in Russia and abroad are given.

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