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  • US Government and BP: BP & Anadrako P & Mitsui

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    The document discusses oil and gas leases and joint operating agreements (JOAs) between the US Government, BP, and other companies. Oil and gas leases allow companies to extract hydrocarbons from land in exchange for payments and royalties to the land owner. JOAs are temporary partnerships between companies to jointly develop an oil or gas project, with responsibilities and ownership shares defined in the agreement. The document provides an example of a JOA between BP, Anadarko Petroleum Corporation, and Mitsui & Co. for hydrocarbon extraction.

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    The document discusses oil and gas leases and joint operating agreements (JOAs) between the US Government, BP, and other companies. Oil and gas leases allow companies to extract hydrocarbons from land in exchange for payments and royalties to the land owner. JOAs are temporary partnerships between companies to jointly develop an oil or gas project, with responsibilities and ownership shares defined in the agreement. The document provides an example of a JOA between BP, Anadarko Petroleum Corporation, and Mitsui & Co. for hydrocarbon extraction.

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    9 views2 pages

    US Government and BP: BP & Anadrako P & Mitsui

    Uploaded by

    jennylopez1287
    The document discusses oil and gas leases and joint operating agreements (JOAs) between the US Government, BP, and other companies. Oil and gas leases allow companies to extract hydrocarbons from land in exchange for payments and royalties to the land owner. JOAs are temporary partnerships between companies to jointly develop an oil or gas project, with responsibilities and ownership shares defined in the agreement. The document provides an example of a JOA between BP, Anadarko Petroleum Corporation, and Mitsui & Co. for hydrocarbon extraction.

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    © All Rights Reserved
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    of 2

    US Government and BP BENEFITS RISKS

    TYPE DESCRIPTION SELLER BUYER SELLER BUYER


    The ground´s
    owner rent the
    space in
    exchange of a
    payment for the
    ground and
    some royalties
    for the
    Oil and Gas
    extracted
    Leases
    hydrocarbon.
    So, in this case,
    the petroleum
    company
    becomes in the
    new owner of
    the
    hydrocarbon.
    BP & Anadrako P & Mitsui
    The contract is a
    temporary
    unions or
    JOA (Operating
    investors
    Agreements)
    partnerships to
    development a
    proyect
    Transocean Ltada

    Halliburton

    British Petroleum
    MI SWACO
    (65%)

    Mitsui & Co ltad


    US Government SCHLUMBER
    (10%)

    Anadarko Petroleum
    Corporation (25%)
    https://www.ncmahq.org/docs/default-source/default-document-library/articles/cm0910---14-21

    https://www.asuntoslegales.com.co/actualidad/operacion-conjunta-en-proyectos-petroleros-
    2006892

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