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- W2357147162 abstract "Joint operating agreements(JOAs) determine the degree of cooperation or confrontation between operators and non-operators in international petroleum joint ventures. Model JOAs proposed by petroleum standard-setting associations abroad are widely used in the international petroleum industry. The international oil majors all have their model JOAs, with negotiation over operator-liability clauses becoming increasingly diffi cult and with JOAs over the past few years increasingly favoring inclusion of regulatory compliance clauses, environmental protection clauses, and legal enforceability. Petroleum standard-setting associations such as the Association of International Petroleum Negotiators, the American Association of Petroleum Landmen, the Canadian Association of Petroleum Landmen, and Oil and Gas UK, with their respective model JOAs, have differing views on what standards the operator should adopt in the conduct of joint operations, the defi nition of gross negligence and willful misconduct, and exclusion clauses or liability limitation clauses. Chinese companies should familiarize themselves with the model JOAs proposed by petroleum standard-setting associations abroad, pay close attention to ongoing legislative and judicial developments related to JOAs, master the key negotiating points in operator liability clauses and actively seek out favorable JOAs and explore the options available under different JOA clauses." @default.
- W2357147162 created "2016-06-24" @default.
- W2357147162 creator A5024523029 @default.
- W2357147162 date "2015-01-01" @default.
- W2357147162 modified "2023-09-23" @default.
- W2357147162 title "Latest developments in oil & gas joint operating agreements and alternative liability allocations between operators and non-operators" @default.
- W2357147162 hasPublicationYear "2015" @default.
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