A rising number of companies are using shared industry tools developed by Oil & Gas UK and its subsidiary, LOGIC (Leading Oil and Gas Industry Competitiveness), to simplify procedures and improve the efficiency of working and commercial practices on the UK Continental Shelf (UKCS).
This workshop has been designed to give an introduction to the Master Deed for those involved in UKCS licence and asset transfers, both for operators and external legal firms.
Oil & Gas UK today (March 31) 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.
As you will be aware, LOGIC sets a deadline in December each year whereby Execution Deeds must be submitted to the Administrator to ensure correct and timely processing.
The response to the new online Phase 1 version of Master Deed has been very positive with a third of all applications now being submitted online.