Oil & Gas Contracts: Force Majeure Clause | Practical Law

Oil & Gas Contracts: Force Majeure Clause | Practical Law

A Standard Clause for oil and gas contracts that excuses the impacted party's performance for force majeure events specific to the oil and gas industry, such as the shut-in, blowout, or loss of control of a well, oil spills and hazardous releases, the freezing of wells or equipment, hydrate obstruction, pipeline blockages, and curtailment or cessation of production. This Standard Clause also includes supply chain disruptions, sanctions and boycotts, pandemics, and cybersecurity attacks. This Standard Clause has integrated notes with important explanations and drafting tips.

Oil & Gas Contracts: Force Majeure Clause

Practical Law Standard Clauses w-031-3402 (Approx. 15 pages)

Oil & Gas Contracts: Force Majeure Clause

by Practical Law Oil & Gas
MaintainedUSA (National/Federal)
A Standard Clause for oil and gas contracts that excuses the impacted party's performance for force majeure events specific to the oil and gas industry, such as the shut-in, blowout, or loss of control of a well, oil spills and hazardous releases, the freezing of wells or equipment, hydrate obstruction, pipeline blockages, and curtailment or cessation of production. This Standard Clause also includes supply chain disruptions, sanctions and boycotts, pandemics, and cybersecurity attacks. This Standard Clause has integrated notes with important explanations and drafting tips.