Joint Operating Agreements Peter Roberts
A look back at the previous edition: “A preview of the Joint Enterprise Agreement (JAA) that is so integral to energy projects around the world.” This practice note assumes that one of the parties to the concession and the JOA has been designated as an operator (not that a mandated third party has been appointed when the principles of this document apply equally to a registered operating unit) and that the JOA provides for the creation of an Enterprise Committee (OpCom) representing the interests of the non-operating parties. The operator will demand the freedom to undertake joint operations without what it might consider to be unjustified interference in the third edition, highlights the changes that have taken place in the world of the JOA since the second edition and includes three new chapters (with a greater emphasis on integrated joint enterprise structures, allocation and degradation of interests) and four new annexes (addressing the JOAs form model , joint study and tender agreements). , the protection of JOAs and the content of JOAs for unconventional oil developments). At the highest level, the role of the operator is to exercise its rights and fulfill its obligations under the JOA in order to manage the implementation of joint operations on behalf of all parties, ensuring compliance with concession conditions and all applicable laws and regulations. This fourth edition of the Leading Work on Joint Enterprise Agreements (JOA) provides a practical analysis of the provisions of a typical JOA, with a particular focus on critical issues of scope, operator role, joint and exclusive transactions, payment delays, transfers and decommissioning. There is also a practical analysis of the key issues that apply to the operation of the JOA and the positions taken in the major formality contracts of the sector. The outlook for the operator and non-operator is discussed, as is the consideration of national and international standards for oil projects. The Joint Enterprise Agreement (JAA) is one of the cornerstones of contracts in the world of oil projects and is often the starting point for other key agreements in the processing, sale and transportation of natural gas and crude oil. The main forum for combating will between the operator and the non-operating parties is the Enterprise Committee (OpCom) (at least if a Common Enterprise Agreement (JA) contains the concept of OpCom – not everyone does it).