Oil & Gas UK updates publication to improve industry efficiency

Oil and Gas UK LogoOil & Gas UK have releases Edition 3 of its Standard Contract for Services (On and Offshore) as  the first in the series of documents being updated to help the oil and gas industry simplify and reduce the time taken to draft, negotiate and execute  contracts between purchasers and suppliers.

The document has been updated by LOGIC, Oil & Gas UK’s subsidiary, whose goal is to improve competitiveness throughout the sector in accordance with the PILOT Supply Chain Code of Practice (SCCoP). It is designed to cover a range of services including inspection, repair and maintenance activities, and is the product of a workgroup of legal representatives from both operator and contractor members of the supply chain.

Ken Cruickshank, Operations Manager at Oil & Gas UK, explains:

“While there was significant investment in the UK Continental Shelf (UKCS) in 2013, the industry continues to face challenges on many fronts, including rising costs and the need to improve capital efficiency. In these circumstances, it is vital to maintain competitiveness  and we want to champion collaborative, industry-wide tools such as standard contracts, to help the supply chain become more cost effective and efficient.

“LOGIC’s Standard Contracts comprise an industry-recognised template which provides purchasers and suppliers with general conditions to help parties to streamline their pre-qualification, tendering and negotiating processes and focus on the commercial terms. This should reduce bidding costs, eliminate waste and add value.”

As one in the series of LOGIC Standard Contracts being updated, this document and its guidance notes reflect new regulations and case law since the publication of Edition 2 in 2004. Future updates will focus on standard contracts relating to a range of operations on the UKCS including design, construction, well services, marine construction, mobile drilling rigs and the wide range of goods and services provided by small to medium enterprises (SMEs).

 

The new edition is only available in pdf online, at this link here (While LOGIC asserts copyright, the document is freely reproducible – though users are requested to acknowledge its source, and Word versions will not be supplied.)

Pixie Energy

Pixie logo Pixie Energy is an incubator and a facilitator of strategic research and project work, focusing on energy regulation, policy and markets at the local and national level. Find out more about Pixie Energy here.

Local Energy Matters: Scotland

Local Energy Matters: Scotland is a free-to-download brochure with a focus on energy tariffs in the two Scottish electricity distribution regions, as well news on local energy and low-carbon schemes.

Previous editions can be download here.

Scottish energy market overview

You can read an overview of the Scottish energy market here.

Scottish Government energy feed