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The oil and gas industry is lucrative and very rewarding to those involved in it. It also involves expensive exploration and production processes which are associated with a lot of risk. It is, for instance, currently experiencing continuous fall of the oil price which is finding it difficult to be more than US$30/barrel which is just over a quarter of the price 1.5 years ago.
Prepare and submit a report that recommends contracting strategies or regimes that businesses involved in the industry could adopt to mitigate against various risks associated with the industry. Your report should critically analyse the suitability of your recommended contracting strategies or regimes.
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