Taylor and Winsor on Joint Operating Agreements
Analyzes the main features of the joint operating agreement for offshore operations in the UK. This edition includes more alternative clauses and commentary, a new chapter on offtake of petroleum and a comparison of the provisions of UK offshore joint operating agreements and agreements elswhere
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Barclays Bank Ltd v Quistclose Investments Ltd 1970 AC 567
Beswick 1968 AC 58 1967 3 WLR 932 1967 2
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abandonment agreement abandonment programme Accounting Procedure agreed amended amount apply appraisal programme approved assignment assignor authorised BNOC breach carried consent Continental Shelf contract courts decision default clause defaulter's interest Defaulting Party Department of Trade development programme discovery entitled expenditure fiduciary duties fiduciary obligations field forfeiture provision further-stage licence holders joint account Joint Operating Agreement joint operations joint venture liability licensees ment model clause non-consent clauses non-operators non-sole risk parties normally North Sea notice onshore operating committee operator's OPOL partnership passmark payment penalty percentage interest share Petroleum Act 1987 Petroleum Production programme and budget proposed redetermination relation relevant relief against forfeiture Secretary sole risk basis sole risk development Sole Risk Drilling sole risk operation sole risk parties sole risk project specified STOOIP third party tract participations Trade and Industry UKCS JOAs unit operating agreement unitisation vote