The oil and gas sector faces a new wave of challenges and opportunities as a result of technological innovation and disruption. Over the coming decades, ever-hastening advances in technology – from machine learning to robotic automation – will have a profound impact on the way that oil and gas reserves are located, extracted, distributed and consumed.
To survive and thrive, oil and gas companies will need to adopt radically new strategies to integrate these new technologies across the value chain whilst continuing to navigate complex regulatory environments, geopolitical risk, disputes and market disruption.
This article considers key legal issues which both incumbent participants and new market entrants will need to navigate effectively in order to succeed in a digitised oil and gas market, be they investors, operators or off-takers.
The contents of this publication, current at the date of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action based on this publication.
© Herbert Smith Freehills 2020