Engineering
Peyman Vaziri
Abstract
Design, supply and drilling (EPD) contracts, referred to in the downstream industry as turnkey contracts, are new contracts in the drilling industry that can be attractive to both employer and contractor. In this type of contracts, the design, supply of equipment and goods, as well as drilling wells ...
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Design, supply and drilling (EPD) contracts, referred to in the downstream industry as turnkey contracts, are new contracts in the drilling industry that can be attractive to both employer and contractor. In this type of contracts, the design, supply of equipment and goods, as well as drilling wells are the responsibility of the drilling contractor. Therefore, all risks in all three stages are the responsibility of the contractor and in this regard, these contracts are attractive to employers. Therefore, by managing and allocating new risk by placing conditions and clauses, these contracts can be replaced by the format of previous contracts. Studies and researches in the field of EPD contracts in the world and Iran in the field of production wells have been done, also projects in this field have been done in South Pars field. However, a comprehensive and complete research on this issue has not been done yet. In the exploration of exploratory wells, in the world and in Iran, research on the contractual risks of this type of contract and how to allocate these risks has not been done yet, and as a result, a project with this title has not been realized yet.
Engineering
Peyman Vaziri
Abstract
Still, one of the most basic and often overlooked questions is about contract risk planning. If the scope, technical implications or requirements of a contract are not clear, everything will be opaque. This risk is for the buyer because it was paid for what was not due and for the seller may lead to ...
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Still, one of the most basic and often overlooked questions is about contract risk planning. If the scope, technical implications or requirements of a contract are not clear, everything will be opaque. This risk is for the buyer because it was paid for what was not due and for the seller may lead to payment by the buyer or the buyer's claim for damages or termination of the contract. As discussed earlier, contractual disputes arise when one or both parties feel that their rights have been violated. Managing expectations is essential and requires effective communication. For the seller, this includes understanding what the buyer or customer wants, guiding the buyer to what the seller can provide, and clarifying what can be done in the contract. Sometimes it is to reassure the parties by each other of delivery restrictions and what is not available and whatever is within the scope of a contract or outside of it. Effective and transparent communication about the scope of work, technical specifications and requirements promotes the expectations of both parties and reduces the likelihood of failure of one party's activities that lead to frustration of the other party.
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