Commercial Behaviours

To develop and embed the collaborative commercial behaviours needed to efficiently deliver MER UK (maximising economic recovery from the UK Continental Shelf), the Commercial Managers Forum (CMF) was formed in 2017. The CMF is led by a cross-section of senior commercial managers from operators and infrastructure owners in the basin, with close links to the legal community. The CMF aims to:

• Provide visible and sustainable leadership on commercial behaviours
• Provide a platform to share good practices, to build relationships and shape the commercial agenda
• Act as custodians of the Commercial and Infrastructure Codes of Practices and champion the behaviours described within
• Own specific industry-led commercial behaviours work groups
• Promote the use of industry standard forms and agreements

The CMF has absorbed the responsibilities of the previous Code of Practice Champions Network.

Oil & Gas UK and its subsidiaries also manage several legal mechanisms to increase efficiency of operations on the UK Continental Shelf. Information on legal and regulatory initiatives can be found here.

Good Practice

Click on the links below for more information

Supply Chain Principles

Negotiations Best Practice

Transactions Best Practice

Commercial Performance Toolkit

Collaborative Behaviour Quantification Tool (CBQT)

Commercial Behaviours Survey

Commercial Expectation (due H2 2019)

Area Plan Behaviour Guidelines

After Action Review Process

Standard Agreements

Confidentiality Agreement

Decommissioning Security Agreement

Framework Proximity Agreement

Joint Operating Agreement

Pipeline Crossing Agreement

Study Agreement

The standard agreements are also available as a bundle pack here

Useful links

To find out more about the Forum, contact the Upstream Policy Team

Access the list of the Commercial Managers Forum Steering Group Members

Legal and Regulatory Initiatives

Oil Industry Finance Association – Standard Oil Field Accounting Practices (SOAPs)