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Managing Contracts and Risks Deemed More Crucial in Depressed Drilling Business

  • Friday, December 9, 2016
  • Posted By Meagan Wildfong

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Source: The Land Rig Newsletter | November 2016 

All sectors of the upstream oil and gas industry need to focus more heavily on issues surrounding management of contracts and risks in order to weather the current downturn.

 

That pressing need was made evident by presenters at the International Association of Drilling Contractors’ Contracts & Risk Management Conference held in Houston, Texas, last month.

 

Speakers working for drilling contractors, associated industries, and law firms discussed contract construction and enforcement, onshore drilling contract case law, risk allocation, collaboration, variable rates, international security concerns, and regulatory developments that affecting contracts, in addition to dispute resolution and insurance policies and coverage at the conference...

 

Read the complete story from the November issue of our Land Rig Newsletter; call 800-371-0083.

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