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- W132421340 abstract "Joint Operating Agreements ({open_quotes}JOAs{close_quotes}) are often used in capital-intensive resource industries by parties who wish to restrict their exposure, particularly in limiting costs or liability. Investment prudence in these industries necessitates a mix of participants who contribute some or all of the financing, intelligence, access to market or privileged access to the project itself. Typically, standard form documents provide the terms in JOAs where the venture is one of a recurring nature. This article examines elements of JOAs as they relate to the United Kingdom Continental Shelf ({open_quotes}UKCS{close_quotes}) industry, contrasting these with American, Canadian, Australian and New Zealand petroleum laws practice. After a brief history of JOAs, the paper reviews several areas of concern: control of joint operations, fiduciary duties, change of operator and production in kind. The paper also discusses the extent of a participant`s and several other issues. A final section investigates the future of JOAs, concentrating on their current problems and prospects in resource industries." @default.
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- W132421340 date "1992-12-31" @default.
- W132421340 modified "2023-09-24" @default.
- W132421340 title "Joint operating agreements: An international comparison from petroleum law" @default.
- W132421340 hasPublicationYear "1992" @default.
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