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Model Agreements

What is a Model Agreement?

It is an agreement between two or more oil and gas companies for the purpose of development and production of oil and gas properties. The agreement defines the property, most commonly a "production facility", the relationship between the parties and the responsibilities assigned to the parties.

Typically, a Petroleum Joint Venture does not include joint exploration activities, nor does it include marketing activities.

Descriptions of Reports and Agreements

Model CO&O Agreement Update

The Committee continues to incorporate comments received to date. Further updates will be provided as they become available.


At the beginning of each calendar year the PJVA Standing Committee will take any Errata's for the year past and incorporate them into a new version of the PJVA Agreements.

As members bring items or concerns to the PJVA Standing Committee they are discussed and if agreed we put the item or concern on the Errata page for other members to view.

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