Standardisation of agreements
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STANDARDISATION OF AGREEMENTS PowerPoint PPT Presentation


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STANDARDISATION OF AGREEMENTS. Transaction Developed & placed AgreementsUKOOA website Project FacilitationPipeline crossing agreement JOA Provisions Sole risk / assignment / pre-emption code of conduct Facility Action not appropriate Abandonment.

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STANDARDISATION OF AGREEMENTS

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Standardisation of agreements

STANDARDISATION OF AGREEMENTS

Transaction Developed & placed

AgreementsUKOOA website

Project FacilitationPipeline crossing agreement

JOA Provisions Sole risk / assignment /

pre-emption code of conduct

Facility Action not appropriate

Abandonment

PP/33/01


Standardisation of agreements1

Standardisation of Agreements

Questionnaire to PPWG Members:

1. Are Companies using the standard agreements?

2. Do Companies want further standardisation & will they

commit resources?

Response - Generally positive:

Majority do use standards.

Lack of awareness or a precedent to refer to

Use as a template and insert provisions as appropriate

Further standardisation?

Yes - but not standardisation for the sake of it

Mixed opinion as to which agreements/clauses should be

targeted

Some commitment to give resources

PP/33/01


Standardisation of agreements2

Standardisation of Agreements

  • Recommendations:

  • PPWG should promote awareness of existing standard

    agreements and actively encourage all Operators to make use

    of them

  • PPWG should seek to determine / quantify whether there is

    significant value to be gained from further standardisation

    via a subgroup of PPWG company representatives (to be agreed)

  • The PPWG subgroup should progress targeted standardisation of

    commercial agreements and agreement provisions

  • The PPWG subgroup should be cognisant of the other areas

    that the PPWG is to develop and should tailor its efforts accordingly

  • The subgroup should work closely with UKOOA to ensure

  • maximum number of companies support standards developed

PP/33/01


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