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dc.contributor.author
Triantafyllidou, Vasiliki
en
dc.date.accessioned
2015-06-12T10:32:33Z
dc.date.available
2015-09-27T05:57:12Z
dc.date.issued
2015-06-12
dc.identifier.uri
https://repository.ihu.edu.gr//xmlui/handle/11544/287
dc.rights
Default License
dc.title
Alternative dispute resolution in the hydrocarbon sector
en
heal.type
masterThesis
heal.keyword
Energy industries--Law and legislation
en
heal.keyword
Arbitration and award, International
en
heal.keyword
Energy policy--International cooperation
en
heal.keyword
Dispute resolution (Law)
en
heal.keyword
Hydrocarbons
en
heal.keyword
Hydrocarbons--Research
en
heal.keyword
Dissertations, Academic
en
heal.language
en
heal.access
free
el
heal.license
http://creativecommons.org/licenses/by-nc/4.0
heal.recordProvider
School of Economics, Business Administration and Legal Studies, LLM in Transnational and European Commercial Law, Mediation, Arbitration and Energy Law
heal.publicationDate
2013-12-21
heal.bibliographicCitation
Triantafyllidou, Vasiliki, 2013, Alternative dispute resolution in the hydrocarbon sector ,Master's Dissertation, International Hellenic University
en
heal.abstract
This study provides a comprehensive and thorough review of the essentials needed
to deal with the disputes encountered in the international hydrocarbon sector.
It begins with a succinct definition of hydrocarbons, explaining how their
exploration forms a vast international industry, the oil and gas or petroleum industry.
The study then analyzes the characteristics and particularities of the oil and gas
industry, which render it not only one of the most vibrant and dynamic industries in
the world, but also one of the most dispute-intensive. It explains the reasons why this
sector has more disputes than any other business sector and discusses how parties can
effectively manage that risk. The study covers the several types of oil and gas
contracts, necessary for the comprehension of the petroleum industry’s particularities
and as regards the legal framework governing these contracts, a section of the study is
dedicated to the customary law comprising legal rules adapted to the industry’s nature
and specificities, deriving from arbitral awards and oilfield practices and usages - ‘lex
petrolea’. The study also covers the kinds of disputes addressed in the international
petroleum industry, the types of dispute resolution mechanisms available and
examines the reasons why parties in the industry avoid litigation by assessing its
disadvantages. It then indicates the Alternative Dispute Resolution (ADR) techniques
most preferably used by the participants in the industry, along with a thorough
analysis of their characteristics and respective advantages. The analysis of these ADR
methods continues through a specific reference to the Greek Model Lease Agreement
for the exploration and exploitation of hydrocarbons in Greece, which provides for
multi-tiered dispute resolution clauses, including three different dispute resolution
mechanisms that must be exhausted at distinct and escalating stages.
The study concludes by highlighting the importance of how to properly draft
dispute resolution clauses and what to consider thereof, that the determination of the
most appropriate dispute resolution clause should always be made on a case by case
basis and finally, by highlighting the advantages of the current trend of the industrythe
aforementioned multi-tiered dispute resolution processes, which indicate that
arbitration and litigation are used as a last resort after exhausting more informal ADR
methods.
en
heal.tableOfContents
1. INTRODUCTION................................................................................................. 5
1.1. Hydrocarbons: ................................................................................................ 5
1.2. International Oil and Gas industry................................................................... 5
2. OIL AND GAS CONTRACTS.............................................................................. 8
2.1. Concessions .................................................................................................... 9
2.2. Production Sharing Agreements (PSAs) and Service contracts.......................10
2.3. Joint Ventures –Other combinations...............................................................11
3. THE THEORY BEHIND THE NEW LEGAL REGIME - LEX PETROLEA.......12
3.1. Lex Petrolea...................................................................................................13
4. TYPES OF OIL & GAS DISPUTES ....................................................................16
4.1. State versus State disputes .............................................................................16
4.2. Company versus State disputes ......................................................................16
4.3. Company versus company disputes................................................................17
4.4. Individual versus company disputes ...............................................................18
5. DISPUTE RESOLUTION METHODS ................................................................19
5.1. Litigation.......................................................................................................20
5.2. Alternative Dispute Resolution procedures.....................................................22
5.2.1. Negotiation .............................................................................................23
5.2.2. Mediation................................................................................................23
6. HYDROCARBON EXPLORATION IN GREECE ..............................................26
7. ADR CLAUSES IN THE GREEK LEASE AGREEMENT..................................28
7.1. Multi-tiered dispute resolution clauses ...........................................................28
7.2. Technical Advisory Committee (TAC) ..........................................................28
7.3. (Sole) Expert Determination ..........................................................................30
7.3.1. The Greek Model Lease Agreement approach .........................................33
7.4. Arbitration .....................................................................................................35
8. CONCLUSION....................................................................................................39
9. BIBLIOGRAPHY ................................................................................................41
9.1. Books ............................................................................................................41
9.2 Journal Articles...............................................................................................42
9.3. Electronic Journal Articles .............................................................................43
9.4. Web Sites ......................................................................................................44
9.5. Laws..............................................................................................................44
9.6. Miscellaneous ................................................................................................44
en
heal.advisorName
Panagos, Theodore
en
heal.committeeMemberName
Kaisis, Athanasios
en
heal.committeeMemberName
Panagos, Th.
en
heal.committeeMemberName
Christonakis, G.
en
heal.academicPublisher
School of Economic and Business Administration,LL.M in Transnational and European Commercial Law and Alternative Dispute resolutions
en
heal.academicPublisherID
ihu
heal.numberOfPages
44
heal.fullTextAvailability
true
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