MENA Chapter Event "AIPN Model International Area of Mutual Interest Agreement: Up-Front Alternative"
Monday, March 12, 2018 (12:30pm - 2pm Asia/Dubai)
Dentons & Co. Level 18
Boulevard Plaza 2 Burj Khalifa District
United Arab Emirates
Frank Alexander, Partner and Head, Dentons Canada LLP’s International Energy Law Practice Group
Join the MENA Chapter for "AIPN Model International Area of Mutual Interest Agreement: Up-Front Alternative." The presentation will cover the following topics:
- Decision Making
How do the parties make decisions regarding what they will offer/accept in the context of the negotiation for a new exploration/production asset within the area of mutual interest? A new “decision-making mechanism” is being developed which improves upon the counterpart in the AIPN 2006 Model Form International Study and Bid Group Agreement (“AIPN Model SBA”).
- Allocation of Interest
How do the parties allocate, amongst themselves, the interest in a new exploration/production asset within the area of mutual interest? Also, how do they allocate the interest in a new exploration/production asset within the area of mutual interest that is the subject of a Party breaching its obligation to the other Parties not to exploit such an opportunity without first notifying such other Parties and giving them the opportunity to participate “up-front”? A new “Participating Interest-based allocation mechanism” is being developed with improves upon the counterparts in both the AIPN Model SBA and the AIPN Model JOA.
Lunch will be served.
Registration is complimentary for all members and non-members. Please register online by March 6 as registration is limited.
Special thanks to event-sponsor: