Using model form contracts in the Australian oil and gas industry
Andrew ThompsonMinter Ellison Lawyers
The APPEA Journal 51(1) 535-542 https://doi.org/10.1071/AJ10037
Published: 2011
Abstract
The adoption of model form contracts makes good business and legal risk management sense. In an Australian context there are a number of model form contracts available for each phase of an oil and gas project. This paper focuses on a few key examples including the Association of International Petroleum Negotiators (AIPN) Model Form Farmout Agreement and related Term Sheet, and the AIPN Model Form International Operating Agreement. Recent statutory changes, world events and practical drafting trends affecting the use of model form contracts also are commented on.
Andrew Thompson leads the energy and resources team at Minter Ellison Perth and practises law in relation to major projects and transactions with an emphasis on energy (oil and gas, electricity, LNG) transactions, pipelines/infrastructure and sales contracts and other resource arrangements. Andrew has both in-house and private practice legal experience and works internationally on oil and gas agreements and projects. He is named as one of Australia's leading energy and resources lawyers in the 2009/2010 editions of Chambers Global and the Asia Pacific Legal 500. andrew.thompson@minterellison.com |
