Joint Operating Agreement Sample Clauses

A Joint Operating Agreement (JOA) is a contract that outlines the rights and responsibilities of multiple parties collaborating on a shared project, typically in industries like oil and gas exploration. It details how costs, revenues, and operational decisions are managed among the participants, specifying roles such as operator and non-operator, and setting procedures for decision-making, dispute resolution, and cost-sharing. The core function of a JOA is to provide a clear framework for cooperation, minimizing misunderstandings and disputes by allocating duties and risks among the parties involved.
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Joint Operating Agreement. (JOA) Within six (6) months from the Effective Date, the Participants shall enter into the Joint Operating Agreement which shall embody the principles stipulated in this JOA Heads of Agreement and it may include such other provisions as customarily used by international petroleum industry and shall continue in effect as long as the Contract is in effect.
Joint Operating Agreement. Within forty-five (45) days following the Effective Date, the Contractor shall provide the Ministry with a draft of the Joint Operating Agreement which shall be based upon the current model form operating agreement from the Association of International Petroleum Negotiators (AIPN). The Joint Operating Agreement and all amendments thereto shall be subject to the prior approval of the Ministry. The identity of the Technical Operator and any change thereto shall be subject to the prior approval of the Ministry in accordance with the Hydrocarbons Law. The National Company shall be appointed as the Administrative Operator under the Joint Operating Agreement.
Joint Operating Agreement. Joint operating agreement covering the Poznań area, entered into on 1 June 2004 between the Purchaser and the Seller, on the basis of which both parties will have the ownership title to the Gas in the following proportions (shares) – the Seller – 49% and the Purchaser 51%;
Joint Operating Agreement or JOA means the joint operating agreement that rules the internal relations of the Parties making up the Contractor in carrying out Petroleum Operations in the Contract Area.
Joint Operating Agreement. (a) Prior to the commencement of operations for each well to be drilled by Atlas or Reliance on the Joint Interests, to the extent Reliance is a Development Operator of such Joint Interest, the Parties will enter into a JOA for each Drilling Unit or all or any portion of the Joint Interests relating to such well or ▇▇▇▇▇, as applicable, that is not subject to a third party operating agreement (a “Third Party Agreement”), or a joint operating agreement previously entered into by the Parties, as of the date such well is proposed. Each Party, acting in its capacity as a Development Operator pursuant to the terms of this Agreement, will propose that the Parties enter into ▇▇▇▇ in a reasonably efficient manner as the Development Operator shall determine, taking into account the aggregate acreage to be contributed by the Joint Interests to such JOA area and the various interests in such contributed acreage. (b) In the event any portion of the Joint Interests is governed by a Third Party Agreement, the terms of that Third Party Agreement will control as between the third party and the Parties to this Agreement; provided, however, that the applicable JOA will apply as between the Parties to this Agreement to the greatest extent possible. In the event of any conflict or inconsistency between the terms of this Agreement and any JOA entered into between the Parties, this Agreement shall prevail to the extent of such conflict. If the remainder of the entire interest covered by an existing Third Party Agreement is subsequently acquired, then such Third Party Agreement shall be superseded and replaced in its entirety by a JOA (subject to the prevailing terms of this Agreement).
Joint Operating Agreement. In the event there is more than one (1) Contractor Party, a joint operating agreement between the entities shall be executed within ninety (90) days of the Effective Date and submitted to the Minister for his information. Contractor shall also supply to the Minister for his information any other agreements executed by the entities comprising Contractor relating to the conduct of Petroleum Operations under this Contract within ten (10) days of execution of such agreements. Changes made to any of these agreements shall be submitted to the Minister for his information within ten (10) days of the execution of such changes.
Joint Operating Agreement. At such time each ITW reaches Casing Point and Ridgewood earns the interest set forth herein, the relationship of the Parties shall henceforth be governed by the Joint Operating Agreement attached hereto as Exhibit "C". Such JOA shall be deemed a separate agreement for each Lease and at such time as Ridgewood has earned a Lease in accordance with 4 above, LLOG and Ridgewood shall enter into a JOA covering such earned Lease. Such separate JOA shall be identical to the JOA executed herein but in the case where other parties (which parties are listed on Exhibit "A" to the JOA) are participating in the Lease, LLOG shall attempt to have such parties execute the same JOA.
Joint Operating Agreement. LEEXUS OIL and PARTICIPANT (NON-OPERATOR) agree to add, amend, ratify the current Master Joint Operating Agreement (“Master JOA”) with ▇▇▇▇▇ Joint Accounting Procedure, originally signed and dated September 9, 2008, and contemporaneously herewith, designating LEEXUS OIL L.L.C. as Operator of the ▇▇▇▇▇. PARTICIPANT (NON-OPERATOR) will be responsible and liable for paying their proportionate share of any and all monthly operating costs, rework costs or any and all other costs as may be incurred as a result of conducting operations in accordance with the Master JOA as of the effective date and thereafter. In the event of any conflict between the provisions of the Joint Operating and this Letter Agreement, both parties agree the terms of this Letter Agreement shall control.
Joint Operating Agreement. The Parties shall execute, acknowledge and deliver a Joint Operating Agreement substantially in the form of Exhibit C, naming Eternal as Operator (the “Joint Operating Agreement”) and a memorandum of the same in recordable form.
Joint Operating Agreement. The contractor will provide the Ministry with a copy of the draft Joint Operating Agreement (JOA) no later than … (…) days after the Effective Date, linking the entities making up the Contractor group, and naming the entity designated as the Operator.