Originally from TOTAL Angola Affiliate, Uzoma Correia started his career as contract engineer followed by a category manager, before moving to TOTAL Headquarters in Paris where he worked as Project Contract Engineer providing assistance to TOTAL’s mega projects. Finally he moved to the Kaombo Project, where he has been occupying the role of FPSO Contracts Leader since 2014.
The COVID-19 outbreak has caused many contracting problems during the construction and installation phase of a FPSO project. It is important for project stakeholders to manage their contracts effectively to maintain good relationships across the value chain despite any project conflicts that may arise due to this global pandemic.
COVID-19 IMPLICATION: CRITICAL CONTRACT MANAGEMENT TIPS TO RESOLVE CONTRACT DISPUTES AND REMOVE CONFLICTS
As COVID-19 spreads around the globe, it is having a major negative effect on international business and disrupting numerous global supply chains, including the FPSO industry. Countless contracts are being disrupted by factory shutdowns in the areas most affected by COVID-19. In recent weeks, thousands of force majeure were issued. However, COVID-19 will not give rise to a valid force majeure defense under every contract and in every circumstance, as different contracts and governing laws stipulate different requirements for different situations. Companies therefore need to proactively manage the related risks and carefully assess which party must ultimately bear the financial losses and conflicts caused by COVID-19.