Publications | 5 May 2016

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

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.

Click here to read the full article.

Download PDF Back To Listing