Joint Operating Agreement definition
Joint Operating Agreement. (JOA) means the operating and participating agreement between the Parties constituting the Contractor that governs their operational activities, obligations and responsibilities under this Contract,
Joint Operating Agreement means any joint operating, unit or unit operating, or other similar agreement between two or more working interest owners, including Company, governing operations on Company properties (or lands pooled or unitized therewith) for the exploration for, and the development and production of, Hydrocarbons.
Joint Operating Agreement means any joint operating agreement, joint development agreement or other similar contract that is usual and customary in the oil and gas business.
Examples of Joint Operating Agreement in a sentence
The subsequent execution of a Joint Operating Agreement by Licensee and [the Nominee of the Government] in relation to the Discovery Areas(s) subject hereto in accordance with the terms of said Production Sharing Agreement, is a requirement of this Licence.
More Definitions of Joint Operating Agreement
Joint Operating Agreement means the Agreement executed between the Parties constituting the Contractor, in accordance with Article 4.9 below, setting forth the respective rights, interests and obligations of the said Parties concerning the Contractual Area and determining the terms under which the Oil Operations shall be carried out, and the expenses and results associated therewith shall be allocated among the said Parties.
Joint Operating Agreement means an agreement between Persons forming part of the Contractor with respect to their respective rights and obligations under the Agreement, as such agreement may be amended, supplemented, novated or restated from time to time;
Joint Operating Agreement or "JOA" means the agreement concluded between the companies holding shares in the Licence about the performance of the activities comprised by the Licence.
Joint Operating Agreement. (JOA) means the Joint Operating Agreement attached hereto as Annex-II.
Joint Operating Agreement or "JOA " means the Joint Operating Agreement to be entered into between all of the non-governmental parties in respect of Block 3 no later than the Transfer Date. Such JOA will be based on the 1995 AIPN Model Form International Operating Agreement and the AIPN 2000 Model Form Accounting Procedure.
Joint Operating Agreement means any agreement heretofore or hereafter entered into by or including the Producers or some of them and approved by the Minister governing exploration for and production of petroleum and includes any agreement providing for the installation and as applicable sharing of use of facilities for the handling of petroleum.
Joint Operating Agreement means an agreement between or among holders of working interests or operating rights for the joint exploration, development, operation, or production of minerals.