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by etc.,T.P. Winsor,S.M. Tyne,Michael P.G. Taylor

Download The Joint Operating Agreement: Oil and Gas Law (Longman Special Report Series) fb2
Author: etc.,T.P. Winsor,S.M. Tyne,Michael P.G. Taylor
ISBN: 0851212395
Language: English
Pages: 160 pages
Category: Industries
Publisher: Sweet & Maxwell (September 1989)
Rating: 4.8
Formats: azw lit doc docx
FB2 size: 1553 kb | EPUB size: 1879 kb | DJVU size: 1983 kb

It discusses the legal relationships that the Agreement creates and considers key clauses of the Agreement as well as including special chapters on withdrawal and abandonment of fields.

Experienced practitioners will find the book useful; newcomers will find it indispensable.

0851212395 (ISBN13: 9780851212395).

Taylor, Sally M. Tyne.

The JOC will supervise and control all matters related to the joint-operation

4 The operator will owe a duty of care to the other parties in its capacity as operator. It is good industry practice to prescribe an objective standard in relation to the duty of care owed by the operator. The JOC will supervise and control all matters related to the joint-operation. 16 The JOC arrives at decisions according to a voting procedure specified in the JOA. 17 Voting on the JOC is usually weighted to reflect each parties PI.

The basic aim of any JOA is to regulate the relationship of the parties in the Joint Venture: Operator and Non-Operators more. The basic aim of any JOA is to regulate the relationship of the parties in the Joint Venture: Operator and Non-Operators. The former is responsible to perform the operations on the behalf of the consortium and the latter is responsible to contribute with.

Oil and gas law in the United States is the branch of law that pertains to the acquisition and ownership rights in oil and gas both under the soil before discovery and after its capture, and adjudication regarding those rights. The law regulating oil. The law regulating oil and gas ownership in the US generally differs significantly from laws in Europe because oil and gas are often owned privately in the US as opposed to being owned by the national government in many other countries.

Lowe JS (1987) Analyzing oil and gas farmout agreements. Machmud T (1993) Production-sharing contracts in Indonesia: 25 years’ history. Rocky Mountain Mineral Law Foundation, WestminsterGoogle Scholar. Radon J (2005) The ABCs of petroleum contracts: license-concession agreements, joint ventures, and production-sharing agreements. Longman, LondonGoogle Scholar.

This report examines step-by-step the Joint Operating Agreement as the contractual source of the rights and liabilities of every party involved in the exploration, development and production in oil and gas fields. It is the "consitution" by which the joint venture is governed and under which operations are carried out. The book contains a specimen Joint Operating Agreement reproduced in full. It discusses the legal relationships that the Agreement creates and considers key clauses of the Agreement as well as including special chapters on withdrawal and abandonment of fields. Oil companies, accountants and solicitors advising them, investment companies and multinationals and foreign markets in countries with off-shore interests affected by UK practice such as Norway, Holland, Denmark and Ireland should find this book useful.