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.« Back to Glossary Index