LOGIC is a not-for-profit wholly owned subsidiary of Oil & Gas UK that operates as the custodian for cross-industry projects that aim to increase the efficiency of working practice in the United Kingdom Continental Shelf (known as the UKCS).
LOGIC has its own corporate governance board.
Master Deed Online is an online system for UKCS asset transation. Its purpose is to expedite the transfer of UKCS offshore licence interests and other agreements relating to associated assets and infrastructure.
The Standard Contracts for the UK offshore oil and gas Industry (formerly CRINE contracts) have been developed by the Standard Contracts Committee and are issued by LOGIC for use within the industry between comapnies and their contractors.
Any companies who haven’t already made their commitment to the new Industry Mutual Hold Harmless deed (IMHH) are invited to sign up now. The current IMHH replaces the 2002 version, which expired on December 31 2011.Over 500 companies have signed up to the new IMHH deed, which helps companies to clarify the allocation of risks and avoids doubling up on insurance of identical risks offshore.
