Peaceful Resolution and Alternative Conditions as Dispute Resolution Methods in Upstream Contracts for the Oil and Gas Industry with an Emphasis on IPC Contracts

The most important aspect is the distinction of the new IPC contracts with reciprocal contracts is the presence of the contractor during the operation period and a long-term contract length. In such situations, the probability of disagreement or legal, contractual, and technical litigation is increased. Therefore, it is only the method of arbitration and the foreseeable court do not respond to mutually exclusive contracts. The technical-financial complexities of the nearly 15-year period of exploitation involved designers of the new model in addition to traditional ways of resolving disputes, new practices such as referral to qualified experts in financial and technical disputes, such methods reduce the cost and timing of decisions that are critical to projects. Within the scope of this agreement, three methods of peaceful settlement, alternative conditions and ultimately arbitration are proposed. This paper proposes a peaceful solution method and alternative methods that are not limited to legal solutions.