A global review of joint operating agreement disputes. (6th August 2020)

• Record Type: Journal Article
• Authors: Martin, Tim; Gilbert, John; Gusy, Martin
• Is Part Of: Journal of world energy law & business. Volume 13:Number 3(2020)
• Page Start: 205
• Page End: 259
• Publication Date: 2020-08-06
• Subjects: Energy industries -- Law and legislation -- Periodicals; Energy industries -- Periodicals; Power resources -- Periodicals; 346.04679
• DOI: 10.1093/jwelb/jwaa023
• Languages: English
• ISSNs: 1754-9957

Abstract

Abstract: The article identifies and analyses disputes that frequently arise from Joint Operating Agreements (JOAs) in the upstream oil and gas (O&G) business from around the globe. The topics discussed in this article are: a brief introduction to JOAs, their use in the O&G industry, and their key principles and provisions the development and use of model JOAs and Accounting Procedures; customary industry practice regarding JOAs O&G law regarding JOAs; a review of reported court judgments and international arbitral awards that dealt with JOA disputes; and an analysis of the trends in JOA disputes and lessons that can be drawn from those sources.