fpso conference workshop - legal risks in fpso conversion & associated contracts

FPSO CONVERSION Legal Risks in Associated Contracts

David Seah, LL.B Londondavid@shipyardlawyer.comwww.shipyardlawyer.com22 April 2015

6th Annual FPSO POST CONFERENCE WORKSHOP

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Introduction

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Imagine…

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Topside Modules

ProductionPower Generation Process SystemStabilization &

UtilitiesGas Compression

FPSO - Main Components

Topside Modules

Main Deck & Helipad

Equipments & Machineries

HVAC, Pipes, E & I System

Turret & Mooring S Systems

Accommodation Topside Modules

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Gearing Up For Success

Project Execution

Plan

Legal Risk Matrix

Operation Plan

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Trivia Questions

1. How many key players are involved in a typical load out operation?

2. Who are they?

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OWNER

Marine Warranty Surveyor

Heavy Lift Consultant

Module Designer

ShipyardModules Fabricators

Floating Crane

Barge & Tugs

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Legal Risk Matrix

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“Every battle is won BEFORE it is

fought”.

Sun Tzu

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Associated Contracts

Main FPSO Conversion

Modules Designers

Heavy-Lift Consultants

Floating Crane Operators

Modules Fabricators

Tug and Barge Charterparty

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Activity 1

Legal Risk Matrix

(See Handouts)

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“Invisible” Legal Risks

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Interactive Activities

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Recap of Invisible Legal Risks

Risk 1 - Mediocre legal advise or amateur contracts

Risk 2 - Internal contracting guidelines

Risk 3 - Mismanagement of communications

Risk 4 - Record Keeping

Risk 5 - Management of Disputes

Risk 6 – Litigation Readiness

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BLIND SPOTCheck

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Load Out Sequence & Legal Risks

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Modules Fabricators fabricates and brings the modules to the quayside at its yard (Point A).

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Floating crane lift modules from the Modules Fabricators’ wharf and load them on a Barge.

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Lashing and sea fastening of the modules on the Barge.

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Tug boats tow the Barge via sea transportation from Point A to FPSO at Point B.

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Upon arrival at alongside the4 FPSO at Point B – unweld sea fastening and prepare for offloading.

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Floating Crane lifts modules in sequent onto the FPSO.

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Project Execution Plan

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Key Players Pre-Qualification Work Scope Load Out

Operation

Who What How When

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Activity 2 – Project Execution Plan

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Introduction

Legal Risks Matrix

Invisible Legal Risks

Load Out Sequence & Legal Risk

Project Execution Plan

1

2

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5

Recap on Today’s Agenda

David Seah

David Seah, LL.B Londondavid@shipyardlawyer.comwww.shipyardlawyer.com

22 April 2015