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Gas Sales Agreement - Revision of 2006 Model Contract

(Co-chaired by: Brian Bradshaw and Felipe Rodrigues Caldas Feres)

This drafting committee is undertaking the revision of the 2006 Model Gas Sales Agreement (GSA).

Joint Operating Agreement - Revision of 2012 Model Contract

(Co-chaired by: Paul Deemer, Edward Harper and Shona Walker)

This drafting committee is undertaking the revision of the 2012 Model Joint Operating Agreement (JOA). The committee undertaking this project will be led by Paul Deemer, Edward Harper and Shona Walker and will review the model form and its exhibits in light of experience with its use over the past 7 years, discuss any enhancements and clarifications that are desirable, and generally update the form. Among issues to be 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.

LNG Sale and Purchase Agreement

(Co-chaired by: James English, Patricia Tiller, Ryan Pereira)

The newly formed LNG Sale and Purchase Agreement committee has the objective of drafting an AIPN Model Form LNG SPA. This LNG SPA will only address the sale and purchase of LNG on a long-term FOB basis, and will not address sales contemplating a DES/DAP structure. The committee will however draft guidance notes to discuss conversion of the base agreement to a DES/DAP structure. Key issues will include purchase structure, start date, term, contract quantity, pricing, price review, quality standards, destination restrictions and flexibility, force majeure, scheduling, and transportation. The Committee will generally adopt the boilerplate terms of the LNG MSA. As a general objective, the agreement will attempt to provide the LNG industry with a neutral agreement appropriate for long term buyers, producers, and portfolio aggregators.

Area of Mutual Interest Agreement

(Co-chaired by: Peter Sloan, Stacy Feltham and David Bate)

The objective of the drafting committee will be to develop a Model AMI Agreement utilizing alternatives and options as necessary to reflect different approaches to AMIs in common use in the international petroleum industry.