This publication provides in-depth analysis of worldwide joint operating agreements (JOAs), unit operating agreements, and similar agreements based on commonly-used forms in different jurisdictions, common modifications to those forms and rationales for those changes, and cases and secondary source material interpreting joint operating agreements. Joint operating agreements are one of the most common, and important, types of upstream oil and gas agreements. Though JOAs worldwide deal with similar issues, the ways in which these issues are handled can differ depending on the jurisdiction and type of form. By dealing with JOAs on a global scale, this publication will facilitate an understanding of these agreements generally, the terms of any particular JOA, how and why parties from other jurisdictions may view a project differently, and creative cross-cultural solutions for common JOA-related issues.
The JOA treatise is unmatched by any other publication and features:
• Comprehensive coverage of the issues which have broad geographic appeal.
• Comparative analysis of different types of joint operating agreements and explanations of how the oil and gas industry functions in other jurisdictions.
• An examination of how counterparties may view certain clauses along with creative ways to deal with problems that arise during the negotiation of a JOA and the administration of an executed agreement.
• High-level discussions that permit readers new to this type of agreement to develop a solid understanding of what a joint operating is and does.
• Citations to common forms, cases, and secondary source material that serve as a reference guide for further study.
Note that this publication was originally published by The Institute for Energy Law of The Center for American and International Law and was peered reviewed by expert practitioners.
Table of Contents
Chapter 1 Introduction
Chapter 2 Background
Chapter 3 Scope of Operations
Chapter 4 Compliance With Granting Instruments
Chapter 5 Title Review, Approval, and Loss Provisions
Chapter 6 Operator
Chapter 7 Non-Operators
Chapter 8 Operations
Chapter 9 Payment of Costs and Defaults
Chapter 10 Transfer of Interests
Chapter 11 Withdrawal and Surrender
Chapter 12 Tax Issues
Chapter 13 Entitlements, Marketing, and Balancing
Chapter 14 Insurance Requirements and Issues
Chapter 15 Term and Termination
Chapter 16 Dispute Resolution
Chapter 17 Confidentiality and Restrictions on Use