Joint Operating Agreements, Third Edition

A Practical Guide

This third edition of the leading work on joint operating agreements (JOAs) 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. The third edition highlights changes in the JOA world since the second edition and includes three new chapters (with increased focus on incorporated joint venture structures, contracting and forfeiture of interests) and four new appendices (addressing model form JOAs, joint study and bid agreements, the collateralisation of JOAs and the content of JOAs for unconventional petroleum developments). Author Peter Roberts is the managing partner of the London office of leading US oil and gas law firm Andrews Kurth LLP. He is also the general editor of the Association of International Petroleum Negotiators’ Journal of World Energy Law & Business. Joint Operating Agreements, Third Edition: 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.