Highlights of Key Revisions - 2002 AIPN Model Form International Operating Agreement
Article from: OGEL 5 (2003), in Roundup of Articles
The Association of International Petroleum Negotiators' Model Form International Operating Agreement has become the seminal model form joint operating agreement for international petroleum development throughout the world. The form was first published in 1990, and subsequently revised in 1995 and again in 2002. The following article focuses on the major revisions made to the 2002 version, discussing the background and underlying rationale for the changes.