Publisher's Synopsis
This report examines step-by-step the Joint Operating Agreement as the contractual source of the rights and liabilities of every party involved in the exploration, development and production in oil and gas fields.;It is the "consitution" by which the joint venture is governed and under which operations are carried out.;The book contains a specimen Joint Operating Agreement reproduced in full. It discusses the legal relationships that the Agreement creates and considers key clauses of the Agreement as well as including special chapters on withdrawal and abandonment of fields.;Oil companies, accountants and solicitors advising them, investment companies and multinationals and foreign markets in countries with off-shore interests affected by UK practice such as Norway, Holland, Denmark and Ireland should find this book useful.
