The Role and Duties of Operating Party in JOAs from the Perspective of the USA Oil & Gas Industry and Legal System

the USA has extracted its very first oil reservation in the late of 19th century and it caused the notable change of political and economic position of the USA in the world. from the legal perspective the USA also faced with essential change in the contractual system and it was because of the common...

Full description

Bibliographic Details
Main Authors: Atefe Ghasemi, Alireza Hasani
Format: Article
Language:English
Published: Shahr-e- Danesh Research And Study Institute of Law 2023-02-01
Series:پژوهشهای حقوقی
Subjects:
Online Access:https://jlr.sdil.ac.ir/article_144329_cd4e786d01df69a31b68052b5bf37e5f.pdf
_version_ 1797776381840457728
author Atefe Ghasemi
Alireza Hasani
author_facet Atefe Ghasemi
Alireza Hasani
author_sort Atefe Ghasemi
collection DOAJ
description the USA has extracted its very first oil reservation in the late of 19th century and it caused the notable change of political and economic position of the USA in the world. from the legal perspective the USA also faced with essential change in the contractual system and it was because of the common usage of joint operation agreements that is one of the most popular contacts in the USA oil & gas industry and legal system. The parties of this kind of contract are divided into operating party and non-operating party. This article has analyzed the reason why this kind of contract is popular in the USA oil & gas and legal system, the role and duties of operating party and the method by the rights of non-operating party might be preserved to make sure that the rights of the non-operating part is preserved and the expectations of the contract will be fulfilled.
first_indexed 2024-03-12T22:49:05Z
format Article
id doaj.art-78682c266a2a4282bfcac0f26c8aed83
institution Directory Open Access Journal
issn 1682-9220
2717-0020
language English
last_indexed 2024-03-12T22:49:05Z
publishDate 2023-02-01
publisher Shahr-e- Danesh Research And Study Institute of Law
record_format Article
series پژوهشهای حقوقی
spelling doaj.art-78682c266a2a4282bfcac0f26c8aed832023-07-20T16:30:09ZengShahr-e- Danesh Research And Study Institute of Lawپژوهشهای حقوقی1682-92202717-00202023-02-01215245147710.48300/jlr.2022.296896.1713144329The Role and Duties of Operating Party in JOAs from the Perspective of the USA Oil & Gas Industry and Legal SystemAtefe Ghasemi0Alireza Hasani1Ph.D. Student of Oil & Gas Law, Kish International Campus, University of Tehran, Hormozgan, Iran.Assistant Professor, Department of Private Law, Damghan Branch, Islamic Azad University of Damghan, Damghan, Iran.the USA has extracted its very first oil reservation in the late of 19th century and it caused the notable change of political and economic position of the USA in the world. from the legal perspective the USA also faced with essential change in the contractual system and it was because of the common usage of joint operation agreements that is one of the most popular contacts in the USA oil & gas industry and legal system. The parties of this kind of contract are divided into operating party and non-operating party. This article has analyzed the reason why this kind of contract is popular in the USA oil & gas and legal system, the role and duties of operating party and the method by the rights of non-operating party might be preserved to make sure that the rights of the non-operating part is preserved and the expectations of the contract will be fulfilled.https://jlr.sdil.ac.ir/article_144329_cd4e786d01df69a31b68052b5bf37e5f.pdfcontractsgood faithjoint operation agreementoil &gasoperator party
spellingShingle Atefe Ghasemi
Alireza Hasani
The Role and Duties of Operating Party in JOAs from the Perspective of the USA Oil & Gas Industry and Legal System
پژوهشهای حقوقی
contracts
good faith
joint operation agreement
oil &gas
operator party
title The Role and Duties of Operating Party in JOAs from the Perspective of the USA Oil & Gas Industry and Legal System
title_full The Role and Duties of Operating Party in JOAs from the Perspective of the USA Oil & Gas Industry and Legal System
title_fullStr The Role and Duties of Operating Party in JOAs from the Perspective of the USA Oil & Gas Industry and Legal System
title_full_unstemmed The Role and Duties of Operating Party in JOAs from the Perspective of the USA Oil & Gas Industry and Legal System
title_short The Role and Duties of Operating Party in JOAs from the Perspective of the USA Oil & Gas Industry and Legal System
title_sort role and duties of operating party in joas from the perspective of the usa oil gas industry and legal system
topic contracts
good faith
joint operation agreement
oil &gas
operator party
url https://jlr.sdil.ac.ir/article_144329_cd4e786d01df69a31b68052b5bf37e5f.pdf
work_keys_str_mv AT atefeghasemi theroleanddutiesofoperatingpartyinjoasfromtheperspectiveoftheusaoilgasindustryandlegalsystem
AT alirezahasani theroleanddutiesofoperatingpartyinjoasfromtheperspectiveoftheusaoilgasindustryandlegalsystem
AT atefeghasemi roleanddutiesofoperatingpartyinjoasfromtheperspectiveoftheusaoilgasindustryandlegalsystem
AT alirezahasani roleanddutiesofoperatingpartyinjoasfromtheperspectiveoftheusaoilgasindustryandlegalsystem