BUILDING A SUCCESSFUL JOINT OPERATING AGREEMENT
(NDA, AMI, JBA, JOA, FOA)
3-day Workshop (7th-9th August 2017)
Forming a successful Joint Operating Agreement (JOA) requires taking a few legal steps during the pre-award phase between the relevant parties (Operator and Non-operators). This would include Non-Disclosure Agreement (NDA), Area of Mutual Interest (AMI) and Joint Bidding Agreement. These agreements are essential instruments for regulating the relationship of potential JOA parties to the extent the relevant ND As, AMis and JBAs might lead to the creation of a consortium, though some might not be successful. For the post-award process the other typical disposal procedure between the parties is called the Farm-Out Agreement (FOA) as this is the agreement which regulates the assignment of certain petroleum interest to another entity. During this 3 days workshop these agreements, as well as JOA, will be elaborated on and some related cases will be negotiated and practiced.
- To understand the legal requirements and strategic options for developing a successful N in petroleum exploration and/ or production.
- To understand the potential implications of a unsuccesfull consortium negotiation or even the termination of a preliminary consortium arrangement.
- To understand the key issues behind your JOA.
- To understand the key divestment plans for securing funding and minimising risks.
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Contracts Managers, Legal Advisors, Business Development, Consultants, Lawyers of E&P companies, NIOC and its affiliated companies, financial institutions, among others.
|Subject:||BUILDING A SUCCESSFUL JOINT OPERATING AGREEMENT|
|Event type:||3-day professional workshop|
|Attendance fee:||€ 750 excl. VAT per attendee|
|Language:||The course will be conducted in English|
|Certificate:||Certificate of workshop participation will be issued by CBC|