Description
(Text)
Disputes in the oil and gas industry can range from quantity and quality disputes, jurisdiction disputes, disputes involving equipment, gas contracts, oil trading contracts, subcontracting and a host of them. In the oil and gas industry, you tend to find different contractors from different parts of the World coming together in a joint venture, or some sort of arrangements for commercial purposes. Generally, dispute is inevitable, so also in the oil industry. Therefore it is advisable and necessary to anticipate likely disputes in advance and provide a suitable means to resolve such disputes. The need for processes that are fast, effective and cause minimum or no disruptions to working activities and relationships are always appropriate. Processes that are both private and flexible are most preferred by the oil industry. This is because the nature of the oil industry is a peculiar one in the sense that it makes or loses money per second of production or non-production. This work summarises and discusses why resort to court is inevitable in the Oil and gas industry.
(Author portrait)
Viko, Iyadah JohnViko Iyadah John is a Barrister and solicitor of the Supreme Court of Nigeria. He obtained his first degree in Law in 2006 and was called to the Nigerian Bar in 2007. A masters degree was also obtained in Oil and Gas Laws at the Univeristy of Aberdeen in 2010. Currently a PhD Student in the same University researching on Environmeantal Human Rights
