Energy and Environmental Law & Policy Series: Supranational and Comparative Aspects - 30: Practical Considerations to Negotiate an Enforceable Joint Operating Agreement Under Civil Law Jurisdictions

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Agreements concerning oil and gas upstream activities have traditionally been shaped by common law, raising concerns about enforceability in civil law jurisdictions if the same standards are applied without adaptation. Understanding how to implement a Joint Operating Agreement (JOA) in civil law countries is thus crucial. This new edition provides an in-depth examination of JOAs within civil law, offering practical considerations on enforceability across various jurisdictions engaged in joint operations. The country-by-country analysis ensures coverage of vital contract topics, including obligations and liabilities, party relationships, exclusive operations, force majeure, hardship, and host granting instruments. An appendix offers practical comments and specific guidance. The first edition was the first comprehensive treatment of JOAs from diverse civil law perspectives, while this updated version expands on the latest legal developments affecting JOAs in more civil law countries. It addresses key issues faced by the petroleum industry and investors in jurisdictions with significant oil and gas reserves, making it an invaluable resource for oil and gas law practitioners, legal counsel, and negotiators involved in transnational agreements worldwide.