Joint Operating Agreements Peter Roberts

For more information on traditional DAAs, see Practice Notes: The Purpose and Principles of Joint Operating Agreements and Joint Operating Agreements: Perspectives for Operators and Non-Operating Parties. A conventional joint operating agreement (conventional JOA) must be amended in several ways to reflect the nuances of an unconventional oil project. The third edition highlights the changes that have taken place in the world of the JOA since the second edition and includes three new chapters (with an increased focus on integrated joint venture structures, acquisition and expiration of shares) and four new annexes (dealing with JOA models, joint study and offer agreements, COLLATERALIZATION of the JOA and JOA content for unconventional oil developments). This new third edition of the main document on Joint Operating Agreements (JSAs) provides a pragmatic examination of the provisions of a typical JOA in the order in which they appear, with particular emphasis on critical issues of scope, operator role, joint and exclusive exploitation, shutdown, transfers and decommissioning. There is also a practical analysis of the key issues that apply to the functioning of an JOA and the positions taken in the different contract models of the leading industry. The views of the operator and non-operator will be discussed, as well as the review of national and international standards that will apply to an oil project. Owner EstoppelThis practice note examines proprietary estoppel from a generic perspective. Industry-specific guidelines for exclusive estoppel can be found in the practice notes:•Estoppel and Real Estate Law•Mortgages by estoppelProprietary Estoppel – what is it? Unlike other forms of confiscation (see practice United Nations Convention on the Law of the Sea (UNCLOS) – snapshotTitlesThe United Convention on the Law of the Sea (UNCLOS)Contracting Parties168Inaution10. December 1982Entered into force16. November 1994Full Text of the United Nations Convention on the Law of the SeaObjection [Keywords]International Law of Joint Exploitation Agreements, Third Edition: A Practical Guide is an essential supplement to the library of all lawyers, commercial managers, consultants, engineers or financiers involved in the development of oil exploration and production projects worldwide.

Negligence – Key Elements for Establishing a Negligence ClaimNegliging – What are the main ingredients for making a negligence claim? For liability for negligence to be established, there must be four main elements:•Duty of care•Breach of this obligation•Damage (caused by breach)•The predictability of “unconventional” crude oil is developed by means other than conventional means (essentially vertical and horizontal drilling). These include shale oil and gas (oil or gas fixed in relatively fissile shale rock layers and requiring hydraulic splitting or “fracking” for its release), coal seam methane (methane adsorbed on the surface of coal deposits), tight gas (gas trapped in rock formations with such low permeability that hydraulic fracturing is essential) and hydrates (gas found). in ice-like crystalline water structures). is included). For more information, see: Overview of unconventional oil and gas. A conventional oil development project is usually represented by the drilling of a single exploration well (usually drilled vertically, but with the possibility of lateral and horizontal deviations), which, if successful, is then evaluated and revised to become a development Author Peter Roberts is the managing partner of the London office of the leading American law firm Andrews Kurth LLP. He is also Editor-in-Chief of the Journal of World Energy Law & Business of the Association of International Petroleum Negotiators. IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation phase that took place after the UK`s withdrawal from the EU. At this point (referred to in the UK law as “IP Completion Day”) important transitional provisions expire and are important In 2014, an JOA specifically tailored to unconventional oil transactions was issued by the Association of International Petroleum Negotiators (AIPN), but in many ways it did not reflect a radical deviation from the terms of the conventional model. .