This website uses cookies

This website uses cookies to ensure you get the best experience. By using our website, you agree to our Privacy Policy

International In-house Counsel Journal logoInternational In-house Counsel Journal logo
Back to library search

Drilling Contracts: Post Macondo Considerations

September 2016
ContractEnergy

Abstract

This paper will discuss new issues in drilling contracts following the litigation regarding the BP Macondo well blowout incident. Considering the tens of billions of dollars in damages that were apportioned according to indemnities in the drilling services contracts, we should evaluate the indemnities. The topics in this paper include important risk allocation principles common to all drilling contracts, as well as services agreements relating to drilling contracts. The paper addresses specific provisions of the Macondo contracts, including responsibility for loss, payment, indemnities, and related insurance issues with particular examples from how the provisions were implemented and interpreted in the Macondo litigation.

Author

Portrait image of Lisa Bagley Brown
Lisa Bagley Brown
Managing Counsel (Retired), Lisa B. Brown, Esquire, USA

Lisa Bagley Brown recently retired as Managing Counsel of OXY USA Inc. In her 32- year legal career, she has also worked at Conoco, Inc., Mobil USA, and Burlington Resources. She lives in Houston and can be reached at her email, chasepaulamary@gmail.com. Lisa has been Board Certified in Oil, Gas & Mineral Law by the Texas Board of Legal Specialization for over 25 years. She graduated with Honors from the University Of Texas School Of Law in 1984, and she is licensed to practice law in Texas and Louisiana. Lisa has published legal articles on various topics, usually involving indemnity issues.

Company

Lisa B. Brown, Esquire

Retired from Oxy and available for contract legal work.

Related Papers

The Sustainable Contract
Sustainability has been an integral part of Eni and Enel's culture and strategy for years, as well as a real source of economic value, driving a process of continuous and...Read more
Portrait image of Edoardo Marcenaro
Edoardo Marcenaro
Head of Legal & Corporate Affairs , Enel Grids srl, Italy
Portrait image of Pietro Galizzi
Pietro Galizzi
Head of Legal, Regulatory and Compliance Affairs, Eni gas e luce S.p.A, Italy
Negotiating Commercial Terms and Mitigating Risks in Virtual Power Purchase Agreements in The United States
In 2019, commercial and industrial purchasers (C&I), particularly in the United States (U.S.), signed record renewable energy deals with third-party developers through power purchase agreements. Worldwide contracts that were signed...Read more
Portrait image of Kingsley Osei
Kingsley Osei
Lead Project Counsel, State University of New York, USA
Force Majeure and Pandemic
Since the COVID-19 broke out in December 2019 in central China, the lockdown of the entire country ensued and then the disease has grown exponentially around the world thereafter. Countries...Read more
Portrait image of Haitao Zhang
Haitao Zhang
Director, Legal, Cnpc America, Canada
Covid-19 - A Contractual Nightmare
While COVID-19 (previously known as ‘2019 novel coronavirus’) has engulfed the entire world and authorities have been desperately implementing umpteen measures to contain the spread of this pandemic; from a...Read more
Portrait image of Arun Subash
Arun Subash
Legal Counsel for Oil and Gas - E&P, Reliance Industries Limited, India