TY - GEN
T1 - Research into contract mode in international oil corporations' oil cooperative development projects
AU - Liu, Liwei
AU - Zhao, Erdong
PY - 2008
Y1 - 2008
N2 - With the further expansion of economic globalization and a great upsurge in the internationally cooperative development of oil, the beneficial choice of the contract modes and terms of the cooperative development has become one of the most important issues for the international oil corporations (hereafter called IOC) who positively participate in this upsurge. Due to the benefit gambling situation between the host government and IOC, adopting any kind of unilaterally favorable contract mode would damage the cooperative relation. Justice and peace of mind are the keys for achieving a win-win circumstance. In this paper, the modes of contract, the difference and similarities of contracts will be analyzed, the new trend of contracts be discussed, and some suggestions for IOC be put forward.
AB - With the further expansion of economic globalization and a great upsurge in the internationally cooperative development of oil, the beneficial choice of the contract modes and terms of the cooperative development has become one of the most important issues for the international oil corporations (hereafter called IOC) who positively participate in this upsurge. Due to the benefit gambling situation between the host government and IOC, adopting any kind of unilaterally favorable contract mode would damage the cooperative relation. Justice and peace of mind are the keys for achieving a win-win circumstance. In this paper, the modes of contract, the difference and similarities of contracts will be analyzed, the new trend of contracts be discussed, and some suggestions for IOC be put forward.
KW - Contract mode
KW - Host government
KW - IOC
KW - Oil cooperative development project
KW - Risk
UR - http://www.scopus.com/inward/record.url?scp=58049094985&partnerID=8YFLogxK
U2 - 10.1109/WiCom.2008.2353
DO - 10.1109/WiCom.2008.2353
M3 - Conference contribution
AN - SCOPUS:58049094985
SN - 9781424421084
T3 - 2008 International Conference on Wireless Communications, Networking and Mobile Computing, WiCOM 2008
BT - 2008 International Conference on Wireless Communications, Networking and Mobile Computing, WiCOM 2008
T2 - 2008 International Conference on Wireless Communications, Networking and Mobile Computing, WiCOM 2008
Y2 - 12 October 2008 through 14 October 2008
ER -
