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The 2020 AIPN Model International Offshore Drilling Contract is intended to work in most offshore areas and countries around the world. It is intended to be a fairly balanced contract with the risks, rights, and obligations being about equal for both parties. This contract may be used in conventional shelf operations, or in deepwater operations, and may be utilized for jack-up, semi-submersible, and drillship type drilling units. The contract contains various optional and alternative provisions. Some of the optionality is required due to different drilling environments, countries of operations, and types of drilling unit to be used, while some options will facilitate negotiation of commercial and risk allocation provisions depending on the risks, legal systems, and drilling operations involved.
This 2020 model form is generally consistent with the 2002 AIPN Model Well Services Contract, and there is a robust section of definitions, a revamped insurance section, and enhanced corruption and anti-bribery compliance sections. Finally, the Schedules of the Contract will provide a helpful framework, but the details will need to be provided by the parties to accommodate tremendous variation of such provision in current drilling contracts. In addition, Guidance Notes are provided to assist the user.
This Model Contract set includes the following documents:
- Offshore Drilling Contract 2020 (Word format)
- Offshore Drilling Contract 2020 Guidance Notes (PDF)
|Pages, Size, or Length:||2 documents|