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Drilling Rig Contracts – Return to the Status Quo on the Exclusion of Liability for "Spread Costs"

5 May 2016

In an important decision for the oilfield services industry, the English Court of Appeal has overturned a Commercial Court decision restricting the scope of risk allocation provisions in drilling rig hire contracts, in a move which provides certainty for commercial parties and reinforces the principle of freedom of contract.

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