| The Contractual Allocation of Liabilities in the Upstream Oil and Gas Industry Contributor(s): Gordon, Greg (Author) |
|
 |
ISBN: 1138820520 ISBN-13: 9781138820524 Publisher: Informa Law from Routledge OUR PRICE: $366.25 Product Type: Hardcover Published: January 2026 This item may be ordered no more than 25 days prior to its publication date of January 5, 2026 |
| Additional Information |
| BISAC Categories: - Law | Natural Resources - Law | Environmental - Law | Commercial - General |
| Series: Lloyd's Environment and Energy Law Library |
| Physical Information: 300 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: The upstream oil and gas industry is a high-risk, high-value activity. When operations run smoothly and oil prices are high, immense profits can be achieved. However, when accidents happen the consequences can be catastrophic, as incidents such as Deepwater Horizon and the Piper Alpha disaster attest. Liability allocation provisions are therefore of vital importance in oil and gas contracts. This comprehensive text addresses the large number of practical challenges stemming from the drafting, interpretation and implementation of such clauses, all in one distinct volume. The author provides an expert account of the industry's liability allocation regime, explains the reasons behind industry practice, analyses the extent to which the law challenges the industry's intentions to re-allocate risk in this way, and addresses the technical difficulties inherent in using contracts as a means of re-allocating liability. The book also considers the unique features of offshore contracting, as well as the particular liability allocation issues which can be anticipated to arise as a result of onshore contracting. This is essential reading for oil and gas lawyers worldwide, particularly those involved in dispute resolution and contract negotiation in the upstream industry. It will also be of interest to those studying and researching energy law. |