Joint Operating Agreement (JOA)

A joint operating agreement (JOA) establishes the terms governing an operating partnership between entities, whether a business or government body. In joint operations, each party contributes resources to a specific project but retain their own identities.

In the oil and gas industry, a joint operating agreement is a common type of contract. It details things such as the designated operator, scope of work, equipment, types of drilling techniques, decommissioning and length of agreement.

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