Commercial Arrangements-NorthArm Advisory Services

Joint Ventures and Commercial Arrangements

The most prevalent form of investment in the upstream oil and gas industry is generally through the use of unincorporated joint ventures, involving two or more participant companies. This enables a sharing of risk for a prospect or project as well as enabling a company to participate in more projects than it would be able to if it only invested as a sole party. A number of agreements and arrangements constitute a joint venture, with the joint operating agreement being the main governing agreement. The JOA has a number of ancillary agreements for particular aspects of the joint venture, such as shipping arrangements.

NorthArm is able to provide advice, draft agreements and contracts and negotiate joint venture arrangements. NorthArm is also able to provide assistance on vessel scheduling and marine terminal logistics

Draft contracts and agreements can be reviewed by NorthArm to give an independent perspective on the merits and risks of the provisions of those contracts and agreements to the company.

This includes extensive experience in the commercial and joint venture fields of the oil and gas industry in North Africa, the Middle East, Asia, Australia, the United States and the Caribbean with, national oil companies, joint venture partners and customers, engaging with host governments in the negotiation of production agreements where cultural awareness and sensitivity is required to enable a successful outcome. NorthArm has extensive experience in joint ventures particularly with regard to offshore oil and gas developments.
 

NorthArm is able to provide advice, draft agreements and contracts and negotiate joint venture arrangements. NorthArm is also able to provide assistance on vessel scheduling and marine terminal logistics.
 

Areas where NorthArm can provide advice and assistance in joint venture arrangements include:
 
-  Joint Venture Agreements
   -  Production Sharing Contracts/Agreements
   -  Risk Service Contracts/Buy Back Contracts
   -  Offtake and Lifting Agreements
   -  Agency Marketing Agreements
   -  Shipping Arrangements


 


 
Terminal Operations
Offtake/Lifting Agreements, 
Vessel Scheduling and Operations



 
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NorthArm Advisory Services LLC, a company registered in Texas, United States of America