An empirical study on the contractual risk allocation and indemnity and hold harmless clauses in the oilfield service contracts in Malaysia

• Main Author: Wan Zahari, Wan Mohd Zulhafiz
• Format: Conference or Workshop Item
• Language: English
• Published: Unique Conferences Canada 2015
• Subjects: HF Commerce; K Law (General); KBP1468 Social laws and legislation; KBP3190 Economic law
• Online Access: http://irep.iium.edu.my/43896/1/Paper_Proceedings_-_An_empirical_study.pdf; http://irep.iium.edu.my/43896/
• Institution: Universiti Islam Antarabangsa Malaysia

Oil and gas projects are risky undertakings, which may cause severe damage to property and the environment, not to mention, personal injury and death to personnel. Contractual provision such as an indemnity and mutual hold harmless clause is used as a tool in allocating the risks. Most oil companies...