Standard Contracts

Introduction

Standardisation of contracts is an objective initially introduced in the 1990s by the CRINE (Cost Reduction in New Era) initiative with the objective of  reducing costs by 30% and helping to simplify the industry’s procedures.

LOGIC currently supports a suite of 10 Standard Contracts that are available for use throughout the oil and gas industry and these will be reviewed and updated during 2012. 

They cover a broad range of operations in the UKCS and are widely used across the contracting community.

The Standard Contracts are available in PDF format free of charge from the website.