2010 IADC Contracts & Risk Management Conference
  13-14 October 2010, Omni Houston Hotel Westside, Houston

  

       

 

Event Sponsors: 
   

 

Space for this important event is still available.  Please see IADC staff onsite for door registration.  Cost is $400 per person.

 

 

Make plans to attend the 2010 IADC Contracts & Risk Management Conference.  The conference will be held on 13-14 October at the Omni Houston Hotel Westside.

This conference explores pertinent issues affecting contracts and risk management within the drilling industry. Speakers report on market issues, contract provisions, new contract requirements and indemnification issues, to name a few.

Earn CLE's! 
IADC has been approved for 10.25 CLE hours and .5 ethics hours by the State Bar of Texas.
IADC has been approved for 10.25 CLE hours by the Louisiana Supreme Court.

 

Conference Program

Wednesday, 13 October 2010

7:15 am  Speaker Briefing   Texas Ballroom  (Speakers and moderators only)

8:00 am  Registration and Coffee   Texas Ballroom Foyer   Sponsored by Sutherland Asbill & Brennan LLP

8:25 am  Welcome and Introduction   Texas Ballroom V-VII
Scott Gordon, Chairman, IADC Contracts Committee; Regional Vice President, Unit Texas Drilling LLC

Insurance Issues
Session Moderator: Scott Gordon, Chairman, IADC Contracts Committee; Regional Vice President, Unit Texas Drilling LLC

8:30 am  Self Insurance Issues: Stephen P. Pate, Partner, Fulbright & Jaworski LLP
Self-Insurance and Affiliate-company insurance issues will be discussed. 

9:00 am  Insurance Risks: Read Before You Pay! Lee Shidlofsky, Coverage Attorney, Visser Shidlofsky
Recent court opinions involving insurance coverage.

9:30 am  When the Going Gets Tough, You’re on Your Own:  Peter Cassidy, Partner, Reed Smith LLP
Unfortunately, history is, yet again, repeating itself.  As with previous economic downturns, contractors are facing the same issues: non-payment, wrongful contract terminations and unlawful calls upon financial securities. The purpose of the presentation is to explain how English law deals with these issues, illustrated by recent case law. Secondly, advice will be offered as to how best to protect yourself at the contract negotiation stage.  Finally, practical guidance as to what to do if you are faced with these issues on contracts will be provided. 

10:00 am  Coffee Break   Texas Ballroom Foyer  Sponsored by Sutherland Asbill & Brennan LLP

10:15 am  The Aftermath of Macondo
Session Moderator: John Buvens, Executive VP & General Counsel, Rowan Companies, Inc.
Industry representatives will examine repercussions from the Macondo well incident with respect to recent legislative/regulatory developments, and areas of acute contractual vulnerability such as, insurance costs and liabilities, contractual indemnities, compliance with BOEM NTL’s, potential additional changes in laws, rules or regulations, emergency preparedness, disclosure, and force majeure. Guest speakers will share their insights and welcome questions and comments from conference delegates.

  • Brian T. Petty, Executive Vice President-Government Affairs, IADC

  • Jim Noe, Sr. VP, General Counsel and Chief Compliance Officer, Hercules Offshore Inc.

  • Steve Roberts, Partner, Sutherland Asbill & Brennan LLP

  • Simon Williams, Hiscox Partner, Head of Energy, Marine & Casualty, Hiscox Ltd.

  • David Leckie, Partner, Clyde & Co LLP

11:45 am  Luncheon   Water Court Room  

Risk Management
Session Moderator: Stacey Earley, Director, Marketing Contracts & Services, Transocean

12:45 pm  Managing the Unique Risks of Drilling Operations: Kerry Williams, Senior Partner, and Julia Calnek, Partner, Chamberlain Hrdlicka, White, Williams & Martin
Take a 360 degree look at the myriad - and often hidden - legal risks facing drilling professionals. Led by the legal duo of Julia Calnek and Kerry Williams, partners in one of the country's only deep water offshore legal practices combining both litigation and transactional acumen, you'll learn about the unique risks associated with offshore drilling operations. Find out why, from the essential elements of a well-built contract to reducing environment liability issues, what you don't know in drilling law can hurt you.

1:15 pm  ConocoPhillips' Approach to Contract Risk Allocation:  Bob Mahood, Senior Counsel, ConocoPhillips
Listen to a major operator’s take on Indemnity Structure. 

1:45 pm  Forecasting of Dayrates, Oil & Gas Price Trends & Valuation Metrics: Jim Harden, Principal, Energy Valuations LLC
Ernst & Young is doing a lot of work with global drillers (both land and offshore) regarding forecasting of dayrates, oil and gas price trends, valuation metrics, etc. This presentation will discuss our research.

2:15 pm  Breaking the Code: Protecting Your Dayrates: Jeremy Farr, Head of the Energy & Offshore, Ince & Co.
The impact of the Seadrill vs. Gazprom and Chris Chenery decisions will be discussed in detail. Wrongful contract termination will also be covered.

3:00 pm  Coffee Break   Texas Ballroom Foyer  Sponsored by Sutherland Asbill & Brennan LLP

Session Moderator: Ted Gobillot, Associate General Counsel, Rowan Companies Inc.

3:15 pm  How Do Courts Interpret Drilling Contracts? A Review of Recent Opinions: Marvin C. Moos, Partner, Ebanks, Taylor, Horne LLP
Recent court decisions that impact the drilling industry, including land contracts, offshore contracts & international contracts will be presented.

3:45 pm  Drilling Contract Horror Files: Cary Moomjian, Vice President, General Counsel & Secretary, Ensco plc
“Somebody actually proposed that??” will be the incredulous response to this litany of terrible contractual provisions. Come hear the latest in one of the highlights of the IADC Contracts & Risk Management Conference.

4:15 pm  Third Party Indemnity Panel
Session Moderator:
Ted Gobillot, Associate General Counsel, Rowan Companies Inc.
This esteemed panel will discuss mutual hold harmless agreements and operator vs. contractor views.

  • Bill Pugh, Lawyer, Liskow & Lewis

  • Lisa Bagley Brown, Managing Counsel, Occidental Oil & Gas Corporation

  • Drew Harding, Associate General Counsel, Unit Drilling Company

  • John Henderson, Head of Marine & Energy, Aspen UK

5:15 pm Closing Remarks
Welcoming Reception  
Water Court Room 
Sponsored by Locke Lord Bissell & Liddell LLP

Thursday, 14 October 2010

8:00 am  Registration and Coffee   Texas Ballroom Foyer   Sponsored by Clyde & Co LLP

8:25 am  Welcoming Remarks  Texas Ballroom V-VII
Scott Gordon, Chairman, IADC Contracts Committee; Regional Vice President, Unit Texas Drilling LLC

Session Moderator: Scott Gordon, Chairman, IADC Contracts Committee; Regional Vice President, Unit Texas Drilling LLC

8:30 am  Current FCPA Concerns, Future Risk/Compliance Issues: Lucinda Low, Partner, Steptoe & Johnson LLP
A widely recognized authority in the US Foreign Corrupt Practices Act, Ms. Low assists US and foreign companies with compliance with international business laws and regulations and represents investors in a broad array of investment disputes with commercial partners and host governments.

9:00 am  Dispute Management: Minn Naing Oo, Chief Executive Officer & Registrar, Rachel Foxton, Head of Business Development, Singapore International Arbitration Centre (SIAC)
This presentation will cover more than just a hearing process itself but what can be done to mitigate litigious risk from the outset of an agreement and more specifically tortuous risk when carrying services . The advantages that arbitration has to offer and the trends and updates in Europe, Asia, UAE and the US will also be explained.

9:30 am  Rig Security: Getting the Right Security for the Right Environment: John McCaffery, Managing Director, Middle East and Central Asia, Erinys International
Onshore international security concerns such as sourcing independent threat analysis, development of a security template by assessing specific vulnerabilities (i.e. for near to 100% coverage) or using a generalized template (80-95% coverage) and negotiating with the operator for supply of security services (including host nation support, use of local and international security companies) will be covered.

10:00 am Coffee Break   Texas Ballroom Foyer   Sponsored by Clyde & Co LLP

Session Moderator: Cary Moomjian, Vice President, General Counsel & Secretary, Ensco plc

10:15 am  Labor Law Issues You Need To Know: Nancy Patterson, Partner, Morgan, Lewis & Bockius, LLP
Learn what labor clauses you need to be in compliance.

10:45 am  Alternative Risk Transfer Strategies: James L. Gleaves, Managing Director, J. Wortham L.L.C., General Partner, John L. Wortham & Son, L.P.
The presentation will include an overview of the status of the traditional insurance markets and the impact of the 2010 hurricane season – so far. Also included will be a review of the current use of alternative insurance products including risk financing structures, captive insurance companies and Cat bonds.

11:15 am Risks Associated with Well Control in the Drilling & Completion of Today’s Oil/Gas Wells: Bill Mahler, Executive VP & General Manager, Wild Well Control
The presentation will include discussions on possible mitigation actions of identified risks, the contracting well control services, on an emergency call out basis, as part of the mitigation actions, risk mitigation strategies and financial benefits of training.

11:45 am  Adjournment 
Scott Gordon, Chairman, IADC Contracts Committee; Regional Vice President, Unit Texas Drilling LLC

 

Conference Program Committee
Scott Gordon, Unit Texas Drilling LLC
John Buvens, Rowan Companies Inc.
Glen Kelley, Atwood Oceanics, Inc.
Cary Moomjian, Ensco plc
Ernie Nelson, Nabors Drilling USA LP
Stacey Earley, Transocean
Sally Dickerson, Key Energy Services
Mark Rankin, Basic Energy Services
Marvin C. Moos, Ebanks Taylor Horne LLC
Ken Fischer, IADC
Jason McFarland, IADC
 

 

 

Hotel Information
Omni Houston Hotel Westside
13210 Katy Freeway, Houston, Texas 77079
Guest rooms rates available until 27 September 2010.
Single/Double Occupancy........$168.00

Phone: 281-558-8338        Fax: 281-558-4028

Please make your room reservations directly with the hotel.
 

 

 

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