The 2007 CAPL Operating Procedure
AbstractThis article provides an introduction and overview of the 2007 Canadian Association of Petroleum Landmen Operating Procedure and a detailed analysis of certain key provisions and changes made.
The article notes that the 2007 Procedure is responsive to significant developments in the Canadian oil and gas industry and constitutes a major update of the Procedure, including in its emphasis on a “norm-based” approach rather than a “standard form” approach and articulating the need for, and cost of, deviating from the provisions of the model form.
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