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:
The CMF has absorbed the responsibilities of the previous Code of Practice Champions Network.
Members of the CMF explain the benefits of participation in the forum here
OGUK 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.
Click on the links below for more information
Collaborative Behaviour Quantification Tool (CBQT)
Commercial Expectation (due H2 2019)
Area Plan Behaviour Guidelines
Decommissioning Security Agreement
The standard agreements are also available as a bundle pack here
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)
