Oilfield Services

Master Service Agreements in the Oilfield Services Industry

February 15, 2017 | Kristos J. Iatridis, Darrell R. Peterson and Geoffrey P. Stenger

Master Service Agreements are commonly used as a means of negotiating and entering into commercial agreements for the provision of services and goods. Even within this simplified framework, most parties recognize that the negotiation of these agreements will usually come down to a few key clauses, being:

  • Warranties and Remedies;
  • Liability and Indemnification;
  • Intellectual Property;
  • Insurance; and
  • Health and Safety matters.

We are pleased to announce that Bennett Jones was recently involved in assisting the Petroleum Services Association of Canada (PSAC) in preparing PSAC’s 2017 template Master Service Agreement and Handbook of Model Clauses. PSAC’s publication is designed to be a practical reference tool for clients and industry participants who commonly find themselves entering into Master Service Agreements and other agreements that include these common commercial provisions.

If you have any questions relating to Master Service Agreements or anything else relating to commercial agreements in the oilfield services industry, please contact Kristos Iatridis, Darrell Peterson or Geoffrey Stenger.


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Kristos J. Iatridis
Partner
Private Equity, M&A, Securities and Corporate Commercial Lawyer at Bennett Jones Calgary

Kristos Iatridis has a wide-ranging practice and diverse experience in the areas of private equity, mergers and acquisitions, securities and general corporate commercial law. [...]

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Darrell R. Peterson
Partner
Corporate, Securities, M&A, Reorganization, Private Equity and Financing Lawyer at Bennett Jones Calgary

Darrell Peterson's practice focuses principally on transactions for natural resource industry participants, including companies engaged in oil and gas exploration and production (E&P), midstream activities (gas and oil), hydrocarbon upgrading and refining and oilfield services. [...]

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Geoffrey P. Stenger
Partner
Project Development, Energy, Infrastructure and Construction Lawyer at Bennett Jones Calgary

Geoffrey Stenger's practice is primarily focused on project development, energy, infrastructure and construction law as he acts for owners and contractors on a variety of commercial matters relating to structuring, delivery and execution of projects, both in Canada and internationally. Geoff has experience acting for clients negotiating, drafting and advising on large EPC, Design-Build, Engineering, DBFO, maintenance and other construction/project related agreements on energy, infrastructure and commercial projects and Geoff's experience includes structuring, drafting and negotiating project [...]