Work Highlight

Oil & Gas

Joint Operating Company

We acted for a Hungarian oil & gas company on its incorporated 50/50 joint venture arrangement (JOC) with another Hungarian major in respect of hydrocarbon exploration in the Hungarian/Croatian border areas, which involved the extensive assessment, review and conversion of Association of International Petroleum Negotiators (AIPN) based joint operating agreements (JOA) into a shareholders’ agreement and the negotiation and execution of a deemed operator services agreement.


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Oil & Gas