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 are currently being reviewed and updated.

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

You may also be interested in Oil & Gas UK's suite of Standard Agreements which can be accessed from the publications section of the Oil & Gas UK website.