Note: This model contract is a suggested guide only and use of this form or any variation thereof shall be at the sole discretion and risk of the user parties. Users of the model contract or any portion thereof are encouraged to seek the advice of counsel to ensure that their contract reflects the complete agreement of the parties and applicable law. The International Association of Drilling Contractors disclaims any liability whatsoever for loss or damages which may result from use of the form contract or portions or variations thereof. Revised April, 2003 INTERNATIONAL ASSOCIATION OF DRILLING CONTRACTORS MODERL TURNKEY CONTRACT THIS CONTRACT CONTAINS PROVISIONS RELATING TO INDEMNITY, RELEASE OF LIABILITY, AND ALLOCIATION OF RESK,- SEE PARAGRAGHS 4.7, 6.2, 14.2, AND 18 CONTENTS 1. LOCATION OF WELL: 2. COMMENCEMENT DATE: 3. DEPTH: 4. TURNKEY AMOUNT, DAYWORK RATES, BASIS OF DETERMINING AMOUNTS PAYABLE TO CONTRACOTR: 5. TIME OF PAYMENT: 6. STOPPAGE OF WORK BY OPERATOR OR CONTRACTOR: 7. CASING PROGRAM: 8. LABOR, EQUIPMENT, MATERIALS, SUPPLIES, AND SERVICES: 9. DRILLING METHODS AND PRACTICES: 10. TURNKEY COMMITMENT AND LIABILITY: 11. CORING, DRILL STEM TEST, AND WIRELINE LOGGING: 12. REPORTS TO BE FURNISHED BY CONTRACTOR: 13. INGRESS AND EGRESS TO LOCATION: 14. RESPONSIBILITY FOR ROAD AND SOUND LOCATION: 15. EQUIPMENT CAPACITY: 16. INSURANCE: 17. CLAIMS AND LIENS: 18. RESPONSIBILITY FOR LOSS OR DAMAGE, INDEMNITY, RELEASE OF LIABILITY AND ALLOCIATION OF RISK: 19. INDEPENDENT CONTRACTOR RELATIONSHIP AND OPERATOR ’ S REPRESENTATIVE: 20. NO WAIVER EXCEPT IN WAITING: 21. FORCE MAJEURE: 22. INFORMATION CONFIDENTIAL: 23. ATTORNEY ’S FEES: 24. ASSIGNMENT: 25. NOTICE AND PLACE OF PAYMENT: 26. CONFLICTS: 27. AUDIT: ...
