2012 MODEL INTERNATIONAL JOINT OPERATING AGREEMENT
(2012 edition or more recent editions)
From the A.I.P.N. website:
The Board of Directors of
the Association of International Petroleum Negotiators (A.I.P.N.) published the
most recent version of its Model International Joint Operating Agreement (J.O.A.)
in 2012. However, an A.I.P.N. committee is currently undertaking the revision
of the 2012 Model J.O.A. Among issues to be presently examined are whether
there have been developments in the international petroleum industry over the
past 7 years that make changes or additional clauses necessary, and whether any
provisions (or alternative clauses) are no longer relevant.
The A.I.P.N.’s
J.O.A. is the most widely used joint operating agreement in the international
upstream oil and gas industry. It was first published by the A.I.P.N. in 1990,
and then it was revised in 2002 and in 2012.
The A.I.P.N.
publishes a series of hydrocarbon-related model contracts to facilitate the
negotiation of energy transactions around the globe. The J.O.A., Guidance Notes
to the J.O.A., and other model contracts can be found at the A.I.P.N.’s website,
www.aipn.org.
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