Analyzing the Potential Hazards Associated with Buy Back Petroleum Contracts from the Contractor’s Perspective

It is imperative to acknowledge the ongoing significance of oil and gas in the global economy, despite the global initiative to transition to renewable energy sources such as wind, solar, and geothermal power, which are more environmentally friendly and cost-effective. Following the lifting of sanctions by the United Nations and the European Union, Iran is actively pursuing capital, funding, advanced technologies, and expertise from both domestic and international sources to develop their oil and gas fields. The buyback upstream oil and gas contract, which is implemented in Iran, is an unattractive contract for contractors due to its substantial risks. Analyzing the primary risky events associated with buy back contracts is the primary objective of this study, as it has rendered this contract unappealing to contractors. In order to identify and monitor all contractual and non-contractual risks associated with buy back contracts, a combination of qualitative and quantitative methodologies is implemented. The main objective of the study is to offer investors valuable insights into the potential risks associated with upstream oil and gas buy back contracts and to aid the National Iranian Oil Company (NIOC) in effectively responding to and monitoring these risks.

کلیدواژه ها:

buy back contract ، Risky Events ، Fuzzy AHP Method ، fuzzy TOPSIS method ، Delphi Technique