AIPN Approves New UUOA Model Form

During AIPN committee discussions which led to update of the widely used 2006 model form Unitisation & Unit Operating Agreement, JHMA actively promoted a new ‘principles-based’ approach to the specification of redetermination technical procedures.

Please get in touch to discuss how this change and other improvements in the model form will impact drafting of unitisation agreements.

For the first time a model Pre-Unitisation Agreement (PUA) is also promoted by the AIPN; JHMA can also advise on technical aspects of negotiating a PUA whether adopting this model form or not.