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Multiparty Contracting Post-Macondo: Ensuring Clarity And Limiting Liability

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About this Podcast...

In the run up to Oil & Gas IQ’s Advanced Contract Risk Management for Oil and Gas Asia event, taking place on 20 - 21 March, 2012 in Kuala Lumpur, Editor in Chief of OilandGasiQ.com, Tim Haðdar, speaks with Srinivas Pala, Senior Manager, Legal & Contracts at Larsen & Toubro, about the current contract landscape in the global oil and gas sector.

In the course of the interview, Srinivas touches on:

  • - The limitations of warranties in the context of an oil and gas contract
  • - How the limited scope of warranties relates to indemnity in the contract process
  • - The considerations to take into account when aiming to limit liability
  • - How has the face of multiparty contracting changed with respect to the legal fallout after the Deepwater Horizon blowout
  • - The best ways to ensure you are embarking on a contract with all bases covered from the outset


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