PANEL DEBATE: Getting warranties and contract risk indemnity right post-Macondo
June 30, 2011In this panel debate, filmed at Oil & Gas IQ's Advanced Contract Risk Management for Oil & Gas Summit 2011, in Houston, Texas, our assembled panel of contract lawyers discuss the various aspects of warranty and contract risk indemnity, and explore the difficulties in negotiating the most appropriate contract protection for those concerned.
Our panel consists of four leading US contract lawyers, whose experience spans across both operating companies and oilfield service providers:
- · Fred Crowder, Senior Attorney, BP (Panel Moderator)
- · Mark Filer, Contracts Manager, Hess Corporation
- · Doug Repasi, Contracts Counsel, Legal / U.S. Land, Baker Hughes
- · Rachael R. Gaines, Contracts Region Counsel, Legal / Gulf of Mexico, Baker Hughes
In this session, the focus of debate revolves around:
- Contractual obligations regarding each option
- The contract limitations of both warranties and indemnities
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Allocation of risk and the issues surrounding mitigation
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