FPSO Conversion Legal Risks
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This document summarizes a presentation on legal risks associated with contracts for FPSO conversion projects. It discusses the key components of an FPSO, the various contracts involved in an FPSO conversion including modules design, heavy lift, floating crane operations, and module fabrication. It presents a legal risk matrix and identifies "invisible" legal risks like poor contract advice. It then outlines the sequence of loading out modules from fabrication to installation on the FPSO and stresses the importance of having a project execution plan that identifies the key players and their roles for each stage of the process.
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FPSO Conversion Legal Risks
- 1. FPSO CONVERSION Legal Risks in Associated Contracts David Seah, LL.B London david@shipyardlawyer.com www.shipyardlawyer.com 22 April 2015 6th Annual FPSO POST CONFERENCE WORKSHOP
- 2. David Seah
- 5. Topside Modules Production Power Generation Process System Stabilization & Utilities Gas Compression FPSO - Main Components Topside Modules Main Deck & Helipad Equipments & Machineries HVAC, Pipes, E & I System Turret & Mooring S Systems Accommodation Topside Modules David Seah
- 6. Gearing Up For Success Project Execution Plan Legal Risk Matrix Operation Plan David Seah
- 7. Trivia Questions 1. How many key players are involved in a typical load out operation? 2. Who are they? David Seah
- 9. Legal Risk Matrix David Seah
- 10. “Every battle is won BEFORE it is fought”. Sun Tzu David Seah
- 11. Associated Contracts Main FPSO Conversion Modules Designers Heavy-Lift Consultants Floating Crane Operators Modules Fabricators Tug and Barge Charterparty David Seah
- 12. David Seah
- 13. “Invisible” Legal Risks David Seah David Seah
- 15. 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 David Seah
- 17. Load Out Sequence & Legal Risks David Seah
- 18. Modules Fabricators fabricates and brings the modules to the quayside at its yard (Point A). David Seah
- 19. Floating crane lift modules from the Modules Fabricators’ wharf and load them on a Barge. David Seah
- 20. Lashing and sea fastening of the modules on the Barge. David Seah David Seah
- 21. Tug boats tow the Barge via sea transportation from Point A to FPSO at Point B. David Seah David Seah
- 22. Upon arrival at alongside the4 FPSO at Point B – unweld sea fastening and prepare for offloading. David Seah David Seah
- 23. Floating Crane lifts modules in sequent onto the FPSO. David Seah David Seah
- 24. Project Execution Plan David Seah
- 25. Key Players Pre- Qualification Work Scope Load Out Operation Who What How When David Seah
- 26. David Seah David Seah
- 27. Introduction Legal Risks Matrix Invisible Legal Risks Load Out Sequence & Legal Risk Project Execution Plan 1 2 34 5 Recap on Today’s Agenda David Seah
- 28. David Seah, LL.B London david@shipyardlawyer.com www.shipyardlawyer.com 22 April 2015