This detailed commentary will be an essential tool for practitioners and academics working and teaching in the petroleum sector.

• 1. Introduction2. Article 2 – Term and termination3. Article 3 – Scope4. Article 4 – Operator5. Article 5 – Operating committee6. Article 6 – Work programs and budgets7. Article 7 – Operations by fewer than all parties8. Article 8 – Default9. Article 9 – Disposition of production10. Article 10 – Decommissioning and abandonment11. Article 11 – Surrender, extensions and renewals12. Article 12 – Transfer of interest or rights and changes in control13. Article 13 – Withdrawal from agreement14. Article 14 – Relationship of parties and tax15. Article 15 – Venture information, confidentiality, intellectual property16. Article 16 – Force majeure17. Article 17 – Notices18. Article 18 – Applicable law, dispute resolution, waiver of sovereign Immunity19. Article 19 – Allocation of cost and profit hydrocarbons20. Article 20 – General provisions21. Accounting procedure22. Appendices

This detailed commentary will be an essential tool for practitioners and academics working and teaching in the petroleum sector.

• 1. Introduction2. Article 2 – Term and termination3. Article 3 – Scope4. Article 4 – Operator5. Article 5 – Operating committee6. Article 6 – Work programs and budgets7. Article 7 – Operations by fewer than all parties8. Article 8 – Default9. Article 9 – Disposition of production10. Article 10 – Decommissioning and abandonment11. Article 11 – Surrender, extensions and renewals12. Article 12 – Transfer of interest or rights and changes in control13. Article 13 – Withdrawal from agreement14. Article 14 – Relationship of parties and tax15. Article 15 – Venture information, confidentiality, intellectual property16. Article 16 – Force majeure17. Article 17 – Notices18. Article 18 – Applicable law, dispute resolution, waiver of sovereign Immunity19. Article 19 – Allocation of cost and profit hydrocarbons20. Article 20 – General provisions21. Accounting procedure22. Appendices