AIPN Publishes New 2012 Version of Its Model International Joint Operating Agreement
March 15 2012 - 3:18PM
Business Wire
The Board of Directors of the Association of International
Petroleum Negotiators (AIPN) has published the 2012 version of its
Model International Joint Operating Agreement (JOA).
“The 2012 version is the first revision of the AIPN's JOA in 10
years,” said AIPN President Pablo Alliani (Alliani & Bruzzon
Abogados). “The new version takes into account evolving industry
practices over the past decade. Its publication is an important
development for the international petroleum industry.”
The AIPN’s JOA is the most widely used joint operating agreement
in the international upstream oil and gas industry. It was first
published by the AIPN in 1990 and last revised in 2002.
“The publication of the 2012 AIPN JOA is the conclusion of four
years of work by a drafting committee comprised of more than 180
industry representatives from five continents,” said Michael
Josephson (Nexen Inc.), AIPN’s Vice-President of Model Contracts.
The effort was led by co-chairs, Jim Barnes and Garry Howe.
“The co-chairs and their committee held more than 40 meetings
and four workshops in several countries around the world in order
to consult with industry representatives on the contents of the new
JOA,” continued Josephson.
Workshops to introduce the 2012 JOA will be led by the
co-chairs, Jim Barnes (Barnes & Cascio LLP) and Garry Howe
(Noble Energy Inc.), April 18 in Washington D.C., in conjunction
with the AIPN's Spring Conference, and June 4 in Miami at the
AIPN’s Model Contracts Workshop. Workshops in other countries are
also being planned.
The 2012 revised JOA is the latest in a series of
hydrocarbon-related model contracts published by the AIPN to
facilitate the negotiation of energy transactions around the globe.
The JOA, Guidance notes to the JOA, and other model contracts can
be found at the AIPN’s Web site, www.aipn.org
The AIPN is a non-profit organization founded in 1981 to develop
the professional relationships and education of international
energy negotiators. The 3900 members of the AIPN are located in
more than 90 countries, representing numerous international oil and
gas companies, host governments, law firms, multilateral
organizations and academic institutions. AIPN members come from
many different disciplines, including commercial, technical,
academic, and legal.