Oil and gas standard contracts go on line

United Kingdom · 17.12.2002

The oil and gas industry standard contracts developed under the CRINE initiative and now administered by LOGIC
are now available on-line through the LOGIC website (www.logic-oil.com). Until now, the contracts have only been
available in hard copy. For those unfamiliar with the UK industry, CRINE stands for Cost Reduction in the New Era
and LOGIC for Leading Oil and Gas Industry Competitiveness - both originally government/ industry collaborations
to improve the competitiveness and extend the life of the UK offshore oil and gas industry, although LOGIC is now
operating on a commercial basis.

The range of contract forms comprises eleven standards:

Purchase Order Terms and Conditions

Construction
Design
Onshore Services
Offshore Services
Well Services
Mobile Drilling Rigs
Marine Construction
Supply of Major Items of Plant and Equipment
General Conditions of Contract for SME Services
General Conditions of Subcontract for SME Services

The Contracts and Procurement Sub-Committee of the UKOOA (UK Offshore Operators Association) is now in the
process of revising the standards. The Well Services form was the first to be revised and Edition 2 of that was
issued in mid- 2001. The Construction model is now in an advanced state of revision and work has recently started
on reviews of the models for Design, Onshore Services, Offshore Services and Marine Construction. The Mobile
Drilling Rigs standard is also under review - comments have been submitted recently by IADC (International
Association of Drilling Contractors) members.

Update on the Industry Mutual Hold Harmless Scheme

The Industry Mutual Hold Harmless scheme was launched on 1 July 2002. To read the details of the scheme, please
copy and paste/click on the following link: http://www.law-now.com/law-now/press.cfm?id=4563. There are now
over 125 signatories to the scheme and a large number of further applications are pending. Full details of the
scheme can be found at www.imhh.com

For further information please visit the websites concerned or contact Judith Aldersey-Williams at judith.aldersey-
williams@cms-cmck.com or on +44 (0)1224 622002.

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