Oil & Gas
The gradual depletion of traditional oil and gas reserves, combined with continued political instability in many parts of the world is having a profound effect on the economics, activities and shape of, and problems faced by, the oil and gas industry.
The search for new reserves is taking the industry into marginal, and often deeper, fields with the result that technology is being stretched to its limits. So, the risks for all of those involved have increased immeasurably and, therefore, the ramifications of getting it wrong can be enormous.
Our experience of acting for major contractors, owners, operators and consultants means that we have the necessary skills and expertise to support projects from conception through handover to operation. Our clients benefit from our thorough understanding of the issues and risks which affect major oil and gas projects. We understand what our clients are trying achieve and we are committed to achieving their objectives.
Pinsent Masons provide advice on upstream and downstream oil and gas agreements, corporate, insurance, health and safety, regulatory, employment and tax issues, contracting and procurement strategy for onshore and offshore infrastructure projects. In addition, to providing the full range of dispute resolution services, we deliver strategic advice on dispute avoidance.
Pinsent Masons’ has been active in upstream and downstream projects for many years in all parts of the world, including the UK, Ireland, Norway, the Middle East, North Africa, West Africa, South and Central America, and Asia.
Recent experience
- Advising an international offshore oil & gas contractor on joint venture arrangements regarding an EPIC contract for an offshore rig in Mexico
- Advising an international offshore oil & gas contractor regarding contracts with a major oil & gas owner/operator for the development of a North Sea gas field
- Advising the lead arranger on the construction and operation of the Jordanian gas transmission pipeline to transport natural gas from Egyptian production fields to industrial customers and power plants in Jordan
- Conducting High Court litigation in respect of claims arising from the fabrication of an offshore floating production storage and offloading facility (£20 million) involving claims for delay, disruption, and acceleration as well as a discrete variations claim including successful defence of subsequent appeal proceedings
