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Understanding Joint Operating Agreements

Edited by: Eduardo G. Pereira

ISBN13: 9781780684116

Published: February 2017

Publisher: Larcier Intersentia Publishers

Country of Publication: UK

Format: Hardback

Price: £142.00

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The publisher will print a copy to fulfill your order. Books can take between 1 to 3 weeks. Looseleaf titles between 1 to 2 weeks.

The Joint Operating Agreement (JOA) is widely used in the petroleum industry as a contractual framework for joint ventures across different continents and standards.

The first part of this book deals with considerations prior to entering into a JOA, such as compliance with bribery laws; standards, practices and procedures across the petroleum industry; enforceability of JOAs and understanding decommissioning obligations.

The second part focusses on key clauses within any JOA covering topics including health and safety considerations; liability and insurance; and control of operations and expenditures.

This is a unique publication dedicated to analysing all of these key practical issues faced by oil and gas companies in different parts of the world in negotiating and implementing a JOA in a single book publication.

Subjects:: Energy and Natural Resources Law

Contents:: Part I. Considerations Prior to Entering Into a JOA; Bribery Laws and Compliance (p.; 3); The Relationship with Other Joint Venture Agreements (p.; 27); Unitisation and Unit Operating Agreements (p.; 43); Key Issues Relating to JOAs in Civil Law Countries (p.; 61); The Relationship Between a JOA and a Host Government Instrument (p.; 81); Decommisioning Obligations, Practices and Procedures (p.; 95); Standards and Practices in JOAs Across the Petroleum Industry (p.; 109); Modifying the Standard JOA to Accommodate Unconventional Petroleum Projects (p.; 145); Part II. Setting Up a JOA; The Scope of the JOA (p.; 163); Addressing Health, Safety and Environment Matters (p.; 173); Insurance: What Should Be Insured, Who Should Be Liable for It and to What Extent? (p.; 191); Transfer of Interest and Change of Control in JOAs (p.; 207); Governing Law and Dispute Resolution Clauses in JOAs (p.; 247); The Challenges of Implementing an Exclusive Operation (p.; 293); Authorising Work and Contracts: How is the North American System Unique? (p.; 309); Making the Default Mechanism Fair and Enforceable (p.; 331); The Relationship and Challenges between a Third Party Operator, the Joint Operating Company and JOA (p.; 347); Accounting Procedure: Can the Operator Make a Profit? How Can the Non-Operator Control the Costs of the Consortium? (p.; 363); Senior Supervisor, Financial Cap and Other Restrictions on the Operator's Liabilities and their Implications (p.; 373); Secondment and the Project Team: A Positive Mechanism to Support the Operator or an Effective Tool to Control the Operator? (p.; 387)