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 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 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 Borrower shall have entered into (i) the Joint Operating Agreement and (ii) the Management Services Agreement, each in form and substance as described in Exhibit J and K, respectively.

• The formal Farmout Agreement, Joint Operating Agreement (and various ancillary documents as conditions precedent) define and crystallise the terms of a conditional Memorandum of Understanding (MoU) signed up by the Parties on 31st May 2007.

• Central Petroleum Limited, (“Central”-ASX symbol: “CTP”) – operator of Australia’s largest onshore acreage holding - has executed a formal Farmout Agreement and Joint Operating Agreement with Sydney-based Petroleum Exploration Australia Ltd.

• The Borrower shall not, and shall not permit any other Group Member to, amend, supplement or otherwise modify (or permit to be amended, supplemented or modified) its Organizational Documents, the Joint Operating Agreement, the Management Services Agreement or any other agreement listed on Schedule 9.14 in any material respect that could reasonably be expected to be materially adverse to the interests of the Administrative Agent or the Lenders without the consent of the Administrative Agent.

More Definitions of Joint Operating Agreement

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 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 means any agreement or contract among all of the Contractors with respect to their respective rights or obligations under this Contract, as such agreement or contract may be amended or supplemented from time to time;

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 4 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. (JOA) means the Joint Operating Agreement attached hereto as Annex-II.

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 the joint operating agreement for the Bahar Gas Field and the Gum Deniz Oil Field between Bahar Energy, SOA and BEOC entered into for the purpose of regulating operations under the ERDPSA;