Home >
Law >
Business / Commercial Law >
The AIPN Joint Operating Agreement: A Practical Guide

The AIPN Joint Operating Agreement: A Practical Guide

Author: Reg Fowler; Peter Roberts; Eduardo G Pereira
Publisher: Globe Law and Business
ISBN: 9781787422001
Published In: February 2019
Format: Hardback , 586 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

List Price: AU$507.00

AU$491.79 Save AU$15.21 (3%)

Download Order Form

Add to Wishlist
| Add to Compare

Description
Contents
Reviews

Details

The Association of International Petroleum Negotiators (AIPN) model form joint operating agreement (JOA) was first issued in 1990 and has undergone a number of subsequent revisions. It is the most widely-used (although not always the most liked) joint operating agreement in international conventional oil and gas projects today.

This book offers a pragmatic, detailed clause-by-clause review of the most recent (2012) version of the conventional petroleum AIPN JOA. Each clause is analysed in depth by reference to: (1) a statement of what the clause says; (2) a summary of the intended meaning of the clause; and (3) observations on how the clause tends to be modified in practice and might be improved. The book also analyses the major appendices of the AIPN JOA, including the accounting procedure and the lifting procedures.

This book is written by experienced practitioners who together have many years of knowledge and understanding in redrafting, negotiating and applying the AIPN JOA. It will be invaluable to legal representatives, financiers, commercial managers, operational personnel and government parties who are dealing with the AIPN JOA, whether for the first time or from a position of relative familiarity.

1. Introduction

2. Article 2 – Term and termination

3. Article 3 – Scope

4. Article 4 – Operator

5. Article 5 – Operating committee

6. Article 6 – Work programs and budgets

7. Article 7 – Operations by fewer than all parties

8. Article 8 – Default

9. Article 9 – Disposition of production

10. Article 10 – Decommissioning and abandonment

11. Article 11 – Surrender, extensions and renewals

12. Article 12 – Transfer of interest or rights and changes in control

13. Article 13 – Withdrawal from agreement

14. Article 14 – Relationship of parties and tax

15. Article 15 – Venture information, confidentiality, intellectual property

16. Article 16 – Force majeure

17. Article 17 – Notices

18. Article 18 – Applicable law, dispute resolution, waiver of sovereign Immunity

19. Article 19 – Allocation of cost and profit hydrocarbons

20. Article 20 – General provisions

21. Accounting procedure

22. Appendices

This detailed commentary will be an essential tool for practitioners and academics working and teaching in the petroleum sector.

- Norah Gallagher and Sam Dunkley, Norah Gallagher (Academic Director, Energy Law Institute, Queen Mary University of London) and Sam Dunkley (Legal Manager, Oil & Gas UK and Partner, McCarthy Denning)