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Joint Venture Administration - PETR 156

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Course Description

This course is a valuable starting-point for those students new to the Joint Venture Business and those currently in the business.  The learner will gain an understanding of Joint Venture administration by reviewing Petroleum Joint Venture Agreements, the rights and responsibilities within them, industry best practices, oilfield terminology and industry administrative procedures.  Includes nine sections of material and exercises; including, agreement drafting and revision, Operator vs. Non-Operator positions; legal and contractual concerns, effects of operating without an agreement, fee negotiations, production facilities and schematics, and, changes in ownership and working interests.

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