Partnership Contracts in the Oil and Gas Well Drilling Sphere

Document Type : Research Article

Authors

1 Assistant Professor, Faculty of Law & Political Science, Kharazmi University, Tehran, Iran

2 Ph.D Candidate, Oil and Gas Law College of Farabi, University of Tehran, Qom, Iran

Abstract

Oil and gas well drilling requires the drilling unit and benefiting from the specialized services including well and logistic services. This goal is achieved through conclusion of drilling contracts. Beside the principal drilling contracts the ancillary contracts have been being concluded in form of partnership of clients and/or contractors in order to reduce the costs and access the operational targets more efficiently. The mentioned contracts have different types. Some of these contracts are based on prevalent concepts of partnership although all types of partnership contracts regarding drilling industry have the specific requirements and characteristics which are in accordance with this sector of oil and gas industry.

Keywords

References

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Private Law
Volume 16, Issue 1
Spring & Summer
April 2019
Pages 89-111

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