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Vol 21 No 11 Nov/Dec 2016

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Taylor and Winsor on Joint Operating Agreements 2nd ed

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ISBN13: 9780851218540
ISBN: 0851218547
Published: July 1992
Publisher: Sweet & Maxwell Ltd
Country of Publication: UK
Format: Hardback
Price: Out of print



The joint operating agreement (JOA) is the ""constitution"" which governs a joint venture for the exploration of oil and under which exploratory operations are carried out. Practitioners can rely on this revised edition to provide detailed discussion of the legal relationship that a JOA creates between parties.

It includes:-

  • an update on licensing rounds to the time of writing
  • a substantially revised chapter on abandonment of facilities and provision of security therefor
  • reference to the 1990 Model from International Operating Agreement, the EC Utilities Directive, the Law Commission's review of privacy of contract and the Guidelines on abandoning facilities
  • coverage of the regulations for onshore licences
  • clarification of the law on assignment in breach of contractual restrictions on assignment
  • an update and additional detail on unitisation and unit operating agreements
  • a model Joint Operating Agreement based on the BNOC pro-forma and standard industry practice
Full consideration has been given to case law with particular focus placed on cases relevant to default, assignment and fiduciary duties. The text also reflects progress in the implementation of the Petroleum Act 1987 and the policy of the Department of Trade and Industry with respect to this area.
  • Includes a model JOA to be used by readers
  • Covers new regulations for onshore licences
  • Clarifies the law on assignment in breach of contractual restrictions on assignment

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Subjects:
Energy and Natural Resources Law
Contents:
Table of cases Table of statutes Table of statutory instruments Preface Introduction Chapter 1: The Operator and Non-Operators: Rights, Duties and Relationship Chapter 2: Control over Joint Operations Chapter 3: Sole Risk and Non-Consent Chapter 4: Default Chapter 5: Assignment and Withdrawal Chapter 6: Unit Operating Agreement Chapter 7: JOAs for Onshore Operations Chapter 8: Abandonment Appendix Index