AIPN/PESA International Model Master Service Agreement

In July 1999, the Association of International Petroleum Negotiators (AIPN) embarked on a project to develop model seismic, well service, drilling, and master service contracts. These Model Service Contracts were developed to increase the efficiency and timeliness of drafting service contracts for international energy and service companies.  In order to ensure widespread acceptance throughout the industry, a multi-lateral, transparent and inclusive approach was adopted by inviting representative organizations from the industry to participate. The Model Service Contracts were drafted to ensure that they were:

• Fair and balanced
• Consistent in layout and format
• Common provisions or terms used throughout
• Alternatives provided for non-agreed issues and different applications
• Options provided for extra requirements of parties