The following Energy practice note Produced in partnership with Orrick, Herrington & Sutcliffe (Europe) LLP provides comprehensive and up to date legal information covering:
The lifecycle of a typical petroleum project on the UKCS can be viewed in the following stages:
Each stage of an upstream petroleum project will require several different legal contracts, the precise mix of which will depend on the project specifics, including the nature of the field, the parties to the project and the anticipated activities to be carried out. We set out below a brief overview of the most common commercial agreements found at each stage of a typical upstream petroleum project on the UKCS. The associated financial agreements required in connection with an upstream petroleum project and agreements relating to the acquisition and disposal of assets on the UKCS are outside the scope of this note.
Licensing refers to the process by which a party bids for and is awarded a licence to explore for and/or to produce petroleum. For further information see Practice Note: Oil & Gas—UKCS licensing regime.
The most common legal contracts entered into during the initial licensing stage include:
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
The principle of transferred maliceIf a person has a malicious intent towards X and, in carrying out that intent, injures Y, he is guilty of an offence. So, if D shoots at A with intent to kill him but kills B by mistake it is murder; the mistake as to the identity of the victim is irrelevant as D
Fraud by false representationFraud by false representation applies to a broader range of conduct than the offences under the preceding legislation (the Theft Act 1968 (TA 1968)). No gain or loss need actually be made, and no deception need operate on the mind of the deceived for the Fraud Act 2006
Coronavirus (COVID-19): During the current pandemic, legislation and changes to practice and procedure in the courts and tribunals have been introduced, which affect the following:•proceedings for possession•forfeiture of business leases on the grounds of non-payment of rent•a landlord's right to
Definition of automatismAn act is done in a state of automatism if it is done by the body without control by the mind, (eg it is a spasm or a reflex), or if it is done by a person who is not conscious of what they are doing. The act may be described as involuntary, but will not be regarded as such
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.