Joint Operating Agreements: Risk Control for the Non-operator - Couverture rigide

Pereira, Eduardo

Couverture rigide

ISBN 10 : 1905783922 ISBN 13 : 9781905783922

Editeur : Globe Law and Business Ltd, 2013

Synopsis

This accessible new title provides an in-depth analysis of the JOA from the perspective of a non-operator. This book reveals how a non-operator can seek to protect its interests - initially through tight control of both operations and expenditures, and ultimately through adequate remedies to remove the operator and/or restrict its liability.

A propos du livre

Présentation de l'éditeur

Joint operating agreements (JOAs) are well-accepted standard agreements in the oil and gas industry. The basic aim of a JOA is to regulate the relationship between the parties to a joint venture: the operator and non-operator. Traditionally, the former is responsible for performing operations on behalf of the consortium, while the latter is responsible for contributing to the financial commitments and expenses of the joint venture. However, this structure typically does not reflect the non-operator s perspective, as it traditionally focuses on the strong position maintained by the operator. It is essential to understand the positions on both sides of the table in order to ensure a fair and reasonable negotiation. An unbalanced agreement can create uncertainty, increase the risk of litigation and even jeopardise the very existence of the consortium. This accessible new title provides an in-depth analysis of the JOA from the perspective of a non-operator. Chapter 1 analyses the context and current situation of non-operators. Chapter 2 examines the relationship between the operator and non-operator under general law; this chapter is relevant as the operator is commonly a single party acting on the behalf of a consortium. Chapter 3 analyses the critical issues for a non-operator in a JOA. Ideally, a proactive non-operator would participate in all decisions and operations, but normally only one party can take this role. This book reveals how a non-operator can seek to protect its interests - initially through tight control of both operations and expenditures, and ultimately through adequate remedies to remove the operator and/or restrict its liability. Chapter 4 provides recommendations to address these concerns. The JOA involves law, finance, human resources and operations. This book provides practical guidance for in-house counsel, private practitioners, executives, academics, international oil companies, national oil companies, independents and anyone interested in investing in the upstream sector.

Biographie de l'auteur

Eduardo G Pereira has been active in the oil and gas industry for several years and is an international expert on joint operating agreements. His experience in this area- both academic and practical- is extensive. Dr Pereira is a managing director of STR Holding. He played a key role in assisting Petra Energia in becoming Brazil's leading onshore oil and gas company and he is now assisting STR to become a leading onshore player in Africa and Asia. He concluded his doctoral thesis on oil and gas joint ventures at the University of Aberdeen. He is a visiting lecturer at the University of Eastern Finland and an associated editor of the Oil, Gas and Energy Law Journal (OGEL).

Détails de l'édition

• Éditeur: Globe Law and Business Ltd
• Date d'édition: 2013
• Langue: anglais
• ISBN 10: 1905783922
• ISBN 13: 9781905783922
• Reliure: Relié
• Nombre de pages: 206
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible