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Joint Operating Agreements - A Practical Guide (Hardcover)
Loot Price: R2,408
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Joint Operating Agreements - A Practical Guide (Hardcover)
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The joint operating agreement (JOA) is one of the cornerstone
contracts in the petroleum projects world and is often the starting
point for further essential agreements relating to natural gas and
crude oil processing, sales and transportation. The JOA enables
long-term collaborative developments to be undertaken between
groups of companies which have come together (often from diverse
legal, commercial, cultural and political backgrounds) to share the
high costs and risks which are inevitable in major petroleum
exploration and production projects. It establishes common
operational standards for application to developed jurisdictions
and to emerging markets. This forthcoming title provides a
pragmatic examination of the provisions of a typical JOA in the
order that they appear, with a particular focus on the critical
issues of scope, the operator's role, joint and exclusive
operations, default, transfers and decommissioning. There is also
practical analysis of the key issues which apply to the operation
of any JOA and the positions which are taken in the various leading
industry model form contracts. The perspectives of the operator and
non-operator are addressed, along with a consideration of the
domestic and international standards which will apply to a
petroleum project. Author Peter Roberts is the general counsel of
Centrica Energy. He is editor of the Journal of "World Energy Law
& Business", immediate past chairman of the International Bar
Association Oil and Gas Committee, a member of the Association of
International Petroleum Negotiators and the Society of Petroleum
Engineers and an occasional lecturer at Dundee University. He is
also the author of "Gas Sales and Transportation Agreements:
Principles and Practices". "Joint Operating Agreements: A Practical
Guide" is an essential addition to the library of any lawyers,
commercial managers, advisers, engineers or financiers who are
engaged in the development of petroleum exploration and production
projects worldwide.
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