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Beyond the Day Rate: Creativity and Collaboration in Oil & Gas Contracts

Wednesday, 22 October
Room 320AB
Panel
As the oil and gas industry evolves, so must its commercial models. The traditional day rate structure has long been the standard, but is it still the best approach for aligning incentives, driving efficiency, and fostering innovation? This panel will explore how operators, drilling contractors, and service providers are rethinking contract structures to create more value for all stakeholders. From performance-based models and integrated partnerships to risk-sharing agreements and technology-driven pricing strategies, industry leaders will discuss what’s working, what’s not, and what’s next. Join us for a candid conversation on the challenges and opportunities of moving beyond the day rate and unlocking the full potential of collaboration in oil and gas contracts.
Speakers
Shane Marchand - Helmerich & Payne Intl Drlg Co
Lina Serpa - bp

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