Joint Operating Agreements
A Practical Guide
By: Peter Roberts
This new 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.
AI Overview
The book "Joint Operating Agreements: A Practical Guide, Fourth Edition" by Peter Roberts and Reg Fowler is a comprehensive guide to joint operating agreements (JOAs) in the petroleum industry. Here is a detailed overview of the book:
Key Themes
Practical Examination of JOAs: The book provides a practical examination of the provisions of a typical JOA, focusing on critical issues such as scope, the operator's role, joint and exclusive operations, default, transfers, and decommissioning.
Operator and Non-Operator Perspectives: The book addresses the perspectives of both the operator and non-operator in a JOA, ensuring that all stakeholders are well-informed about their roles and responsibilities.
Domestic and International Standards: It considers domestic and international standards applicable to petroleum projects, providing insights into how JOAs are regulated globally.
New Features and Developments: The fourth edition includes several new features, such as:
- A major reorganization of chapters and appendices for a clearer thematic approach.
- Greater analysis of the differences between JOAs operating under license regimes and concession agreements.
- New chapters on information, intellectual property, technology licensing and sharing, and relevant antitrust rules.
- Consideration of recent model form JOA developments.
- Analysis of the application of key recent case law on liquidated damages, default clauses, and operator authority.
Plot Summary
The book is structured to provide a comprehensive understanding of JOAs, starting with considerations prior to entering into a JOA, such as compliance with bribery laws and standards in the petroleum industry. It then delves into key clauses within any JOA, including health and safety considerations, liability and insurance, and control of operations and expenditures.
Critical Reception
The book has received positive reviews for its practical approach and comprehensive coverage of JOAs. It is described as an essential addition to the professional library of anyone engaged in the development of worldwide exploration and production projects. The fourth edition has been particularly praised for its reorganization, new chapters, and analysis of recent case law, making it a valuable resource for both operators and non-operators in the petroleum industry.
Publication Details
- Authors: Peter Roberts and Reg Fowler
- Publication Date: September 2020
- Format: Hardback and eBook
- Pages: 435
- ISBN: 9781787422629 (hardback), 9781787422643 (eBook)