✍ Scribed by Petter Osmundsen; Anders Toft; Kjell Agnar Dragvik
No coin nor oath required. For personal study only.
Financial incentives in contracts can impact contractor's focus on safety. To elaborate on this issue the relationship between an oil company and a drilling contractor is used. We analyse how an operator influences the actions of a drilling contractor with the aid of financial and other incentives, both in connection with the tender process and contract design. The case material is rig contracts from the North Sea.
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