Oil & Gas UK Legal Conference

LEGAL CONFERENCE

Thursday 21 September 2017 Crowne Plaza, Aberdeen

9.30 – 10.00 am Registration, Coffee and Networking

10.00 – 10.05 am Welcome Sam Dunkley, Legal Manager, Oil & Gas UK

10.05 – 10.20 am Introduction and Scene-setter Deirdre Michie, CEO, Oil & Gas UK

10.20 – 10.40 am Keynote Address – Progress on MERUK Tom Wheeler, Director of Licensing and Regulation, Oil & Gas Authority

10.40 – 10.50 am Joint Q&A

10.50 – 11.00 am Competitive Icebreakers

11.00 – 11.30 am Coffee and Networking

MERGERS & ACQUISITIONS: Evolution of ownership of North Sea assets Challenges and opportunities, including decommissioning liabilities

11.30 – 11.45 am Treasury Tax Consultation update Romina Mele Cornish, Fiscal Policy Manager, Oil & Gas UK

11.45 – 12.00 pm Acquirer’s view Stefan Ricketts, General Counsel, EnQuest

12.00 – 12.15 pm An Open Mind to A&D Chris Sawyer, Managing Counsel, BP North Sea

12.15 pm Workshop exercise (led by Stefan Ricketts & Chris Sawyer) [Type text] [Type text] [Type text] 1.00 – 2.00 pm Lunch and Networking

2.00 - 2.20 pm Contracting and Contract Management: All Change … or Business as Usual? Simon Rainey QC, Quadrant Chambers

 The role of ‘commercial common sense’ as an escape route from bad drafting after the Supreme Court’s most recent guidance (with industry examples).  Using ‘consequential loss’ exclusions.  Assessing the fallout from Transocean v Providence for ‘mutual’ clauses.  Price revision and other contract ‘adjustment’ provisions and staying on the right side of the penalty debate.

2.20 - 2.35 pm Privilege update David Leckie, Clyde & Co LLP

2.35 - 3.30 pm Politics and Brexit  Jenny Stanning, External Affairs Manager, Oil & Gas UK - Politics - Key areas of regulatory concern  Christine O’Neill and Greg May, Brodies - Constitutional law/Indyref2 - Impacts of Brexit on old and new contracts  Q&A - Jenny Stanning, External Affairs Manager, Oil & Gas UK - Christine O’Neill, Brodies - Greg May, Brodies - David Hoy, External Affairs Adviser, Oil & Gas UK

3.30 pm – 3.45 pm Coffee and Networking

3.45 – 4.30 pm Termination of Contracts in the Oil & Gas Sector Phillip Ashley, CMS

 Repudiatory breach  Contractual termination for breach in oil and gas contracts  Termination for convenience

4.30 – 5.00 pm Worked Examples

5.00 – 5.30 pm Closing Q&A LEGAL CONFERENCE

5.30 – 7.00 pm Drinks Reception - Sponsored by 20 Essex Street Chambers

7.00 pm Dinner – Sponsored by Clyde & Co LLP After Dinner Speaker – Liam Kerr MSP

SPONSORS Oil & Gas UK is grateful to the following sponsors of the Legal Conference 2017:

Principal Sponsor – Brodies LLP

Supporting Sponsor – CMS

Drinks Sponsor – 20 Essex Street Chambers

Dinner Sponsor - Clyde & Co LLP

Lanyard Sponsor – Burges Salmon LLP