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This chapter will look at some of the main features of a typical unitisation agreement, its main purpose, and its interaction with joas. Several placeholders for exhibits which parties may identify. Anytime two or more owners of working interests decide to share the risk of drilling, development, or operations related to the production of oil and gas, they enter into what the industry calls a joint operating agreement (joa) or, simply, an operating agreement.
10 whereas, the parties to this agreement are owners of oil and gas leases and/or oil and gas interests in the land identified in 11 exhibit a, and the parties hereto have. Web the 2023 model international joint operating agreement (the 2023 model) is the latest version of perhaps the most widely used and accepted form of joint operating agreement for international oil and gas projects. December 2, 2016, dallas, texas.
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