Thursday 20 December 2018

Oil & Gas UK’s subsidiary LOGIC (Leading Oil & Gas Industry Competitiveness), published a new standard contract on 18 December aimed at helping companies committed to delivering offshore decommissioning excellence. The standardisation of legal contracts, spearheaded by LOGIC in partnership with industry, improves the efficiency of drafting, executing and negotiating commercial agreements.

The not-for-profit organisation, which next year marks its 20th anniversary, continues to play a key role in helping companies improve competitiveness by simplifying transactional processes in the offshore oil and gas industry. More than 24,000 downloads of LOGIC’s suite of Standard Contracts have been recorded globally since April 2014.

The general conditions of contract for offshore decommissioning covers complete decommissioning of infrastructure, from cessation of production to delivery of structures to shore. It is available from the LOGIC website.

In addition to the General Conditions of Contract for Offshore Decommissioning, LOGIC’s other Standard Contracts comprise:

- Construction Edition 2

- Design Edition 2

- Marine Construction Edition 2

- Mobile Drilling Rigs Edition 1

- Purchase of Goods Edition 3

- Services (On- and Offshore) Edition 3

- SME Services Edition 1

- Subcontract for SME Services Edition 1

- Supply of Major Items of Plant and Equipment Edition 3

- Well Services Edition 2