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 parties to the Joint Operating Agreement are the entities constituting Contractor.

• This Heads of Joint Operating Agreement is to provide for the basic principles to be included in a Joint Operating Agreement (“JOA”) to be executed among the entities constituting Contractor (hereinafter referred to individually as “Participant” or collectively as “Participants”).

• The confidentiality provisions of the Joint Operating Agreement or the Existing JOA, as applicable, shall apply on the basis set forth therein to information obtained as a consequence of Operations conducted with respect to the applicable Mutual Interest Lands thereunder or otherwise with respect to those Mutual Interest Lands thereunder.

• Upon earning the Earned Interest, the Mutual Interest Lands shall be governed by the Joint Operating Agreement for such lands in which HWN’s Pre-Earning Interest was 100% and by the Existing JOA for such lands in which HWN’s Pre-Earning Interest was less than 100%.

• Insofar as a Party did not receive information to which it was entitled under the applicable Joint Operating Agreement or Existing JOA and that information: (i) was material to the evaluation of the applicable Mutual Interest Lands; and (ii) was then in the possession of the Operator (or other applicable Party conducting the particular Operation), Section 6.4 shall apply, mutatis mutandis, following receipt of that information with respect to any such acquisition of Mutual Interest Lands.

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;