Abstract
Abstract The article identifies and analyses disputes that frequently arise from Joint Operating Agreements (JOAs) in the upstream oil and gas (O&G) business from around the globe. The topics discussed in this article are: • a brief introduction to JOAs, their use in the O&G industry, and their key principles and provisions • the development and use of model JOAs and Accounting Procedures; • customary industry practice regarding JOAs • O&G law regarding JOAs; • a review of reported court judgments and international arbitral awards that dealt with JOA disputes; and • an analysis of the trends in JOA disputes and lessons that can be drawn from those sources.
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