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Joint Operating Agreement

Joint Operating Agreement Template for Malaysia

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Key Requirements PROMPT example:

Joint Operating Agreement

"I need a Joint Operating Agreement under Malaysian law for a deep-water oil exploration project off the coast of Sabah, involving three international oil companies and requiring specific provisions for environmental protection and local content requirements."

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Document background
The Joint Operating Agreement (JOA) is a fundamental document in Malaysian oil and gas operations, typically executed following the award of a Production Sharing Contract (PSC) by PETRONAS. It serves as the primary instrument governing the relationship between multiple parties engaging in joint petroleum operations in Malaysia. The agreement must comply with the Petroleum Development Act 1974 and related Malaysian regulations while incorporating international industry best practices. JOAs are essential when multiple parties hold interests in the same petroleum license or contract area, providing detailed mechanisms for decision-making, cost-sharing, risk allocation, and operational management. The document becomes particularly crucial in complex offshore operations where significant capital investment and technical expertise are required from multiple participants.
Suggested Sections

1. Parties: Identification of all participating parties and their registered addresses

2. Background: Context of the agreement, including reference to the Production Sharing Contract and participating interests

3. Definitions and Interpretation: Detailed definitions of terms used throughout the agreement and interpretation guidelines

4. Participating Interests: Specification of each party's percentage interest and obligations

5. Operating Committee: Structure, voting rights, and procedures for the committee managing operations

6. Operator: Appointment, rights, duties, and limitations of the operator

7. Work Programs and Budgets: Procedures for proposing, approving, and revising work programs and budgets

8. Default: Consequences and procedures in case of payment default by any party

9. Transfer of Interest: Rules and procedures for transferring participating interests

10. Withdrawal: Procedures and consequences of withdrawal from the agreement

11. Force Majeure: Definition and consequences of force majeure events

12. Confidentiality: Obligations regarding confidential information

13. Governing Law and Dispute Resolution: Choice of Malaysian law and dispute resolution mechanisms

14. Term and Termination: Duration of the agreement and termination provisions

Optional Sections

1. HSE Management: Detailed health, safety, and environmental management procedures - required for high-risk operations

2. Local Content: Specific provisions for Malaysian content and local business participation - important if required by PSC or local regulations

3. Decommissioning: Detailed procedures for end-of-life asset management - necessary for mature fields

4. Anti-Corruption: Enhanced anti-corruption provisions - recommended for international parties

5. Islamic Finance Compliance: Additional provisions ensuring Shariah compliance - necessary if Islamic financing is involved

6. Carbon Management: Provisions for managing carbon emissions and credits - relevant for environmentally focused operations

Suggested Schedules

1. Schedule 1 - Contract Area: Detailed description and maps of the contract area

2. Schedule 2 - Accounting Procedure: Detailed procedures for joint account management and cost allocation

3. Schedule 3 - Uniform Operating Procedures: Standard procedures for day-to-day operations

4. Schedule 4 - Lifting Procedures: Procedures for lifting and allocating production

5. Schedule 5 - HSE Procedures: Detailed health, safety, and environmental procedures

6. Schedule 6 - Procurement Procedures: Guidelines for procurement and tendering

7. Appendix A - AFE Procedures: Authorization for Expenditure procedures and forms

8. Appendix B - Insurance Requirements: Required insurance coverage and procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




















































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Relevant Industries

Oil and Gas

Energy

Natural Resources

Mining

Offshore Operations

Petrochemicals

Marine Operations

Relevant Teams

Legal

Operations

Commercial

Finance

Joint Venture Management

Business Development

Compliance

Risk Management

Technical

Project Management

Contract Administration

Asset Management

Relevant Roles

Chief Executive Officer

Managing Director

Operations Director

Legal Counsel

Joint Venture Manager

Commercial Manager

Finance Director

Technical Director

Exploration Manager

Production Manager

Asset Manager

Contract Manager

Risk Manager

Compliance Officer

Project Manager

Operations Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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