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In commercial contracts for energy industry operations there is reasonably prudent operator standard and the good and workmanlike standard. We are seeing cases where there is interchangeability of a reasonably prudent operator standard with a good and workmanlike standard.
In commercial contracts for energy industry operations there is reasonably prudent operator standard and the good and workmanlike standard. We are seeing cases where there is interchangeability of a reasonably prudent operator standard with a good and workmanlike standard.
The standard of care is an important provision in any operating, management or services agreement because it sets forth the expectations of the parties as to how the contract should be.