In February 2017, PSAC released its revised Master Service Agreement (MSA) and Model Clauses. This revised publication is a practical reference tool which can assist companies in the negotiation of service agreements for oil and gas well services. These model clauses are intended to provide simplified language that is easily inserted into standard form agreements. Various sections can be modified to suit specific agreements being negotiated.
These model clauses address key considerations with the following five areas of well service agreements:
A. Warranties and Remedies
B. Liability and Indemnification Regimes
C. Intellectual Property
E. Health and Safety