Contract Review Services
Our strong operating background, coupled with significant commercial experience, gives Watson Millican & Co. a unique perspective that complements traditional reviews.
Our consultants have advised clients on the proper interpretation and application of natural gas contract terms. We have assisted clients with audits of natural gas sales and processing contracts and evaluated complex product price hedging agreements.
We have also applied our technical and commercial know-how to address interplant and affiliate volume, transfer pricing, and expense allocation issues related to crude oil and natural gas production, refining and petrochemical manufacturing, and natural gas gathering and processing.
Refining and Chemicals
Refinery and Chemical Plant Inter-Plant Contract Compliance Audits
Assessed the financial magnitude and contract basis for numerous claims of non-compliance and non-performance with contracts between adjacent refineries and chemical plants. Issues included feedstock transfers, pricing, expense allocations, material balance, and reporting. The disputes involved three different clients and three different sets of plants.
Power Generation
Refinery and Integrated Gasification Combined Cycle (IGCC) Inter-Plant Contract Dispute
Assessed the financial magnitude and contract basis for claim of uneconomic pricing of petroleum coke as a fuel to a integrated gasification combined cycle (IGCC) plant. The refinery company who was the supplier of the petroleum coke was attempting to adjust the contract price terms for the coke with the owner of the IGCC.
Renewables
Development of Contract for Difference
Sponsored by Rolls Royce, International Airlines Group, Heathrow Airport, Gatwick Airport, Shell, Manchester Airport Group and others to work with UK Department of Transport (DfT) to develop a CfD to support Sustainable Aviation Fuel(SAF). Demonstrated feasibility of CfD to support SAF and then seconded into DfT to prepare for implementation.