November 6, 2024

Land and Joint Venture people often have limited knowledge of what the other group does. This JV 101 course is intended to provide greater insight for Land people into what JV people do for a living by comparing some of the key agreements. 

Joint ventures are typically managed in Canadian oil and gas companies by:

•        a land group to manage joint mineral ownership, well ownership, and operation; and
•        a joint venture group to manage construction, ownership and operation of jointly owned facilities

 Agreements are the foundation for the management of joint ventures:

•        Mineral land Joint Operating Agreements govern joint mineral and well ownership and operation
•        Construction, ownership and operating (CO&O) agreements govern jointly owned facilities
•        Additional essential agreements include surface land agreements for wells and facilities and service agreements for handling and processing of non-owner production

 A comparison of the mineral land Joint Operating Agreement (JOA) and CAPL Operating Procedure to the joint venture PJVA CO&O Agreement will highlight many similarities in how jointly owned wells and jointly owned facilities are managed. Key differences regarding the nature of operations and governance structure will be highlighted. It is these key differences that typically drive companies to manage joint ventures using separate mineral land and joint venture organizations.

 In addition to the PJVA CO&O Agreement, other JV agreements will be reviewed:

•        Unit Agreement
•        Service Agreements
•        Pad Site Sharing Agreement

The reviews of these agreements will highlight the many connections to Land activities 

Collaboration between Land and JV will result in improved outcomes and more efficient management of your company’s jointly owned developments.  Agreements increasingly attempt to connect the pieces of the value chain together and assume that users consider the broader business context of their transactions. It is more important than ever, for example, for Land personnel to understand more about other functions and our respective linkages. Your work becomes more meaningful and more interesting and enjoyable if you understand these broader connections to other functions. This is particularly important for the relationship between Land and JV.

Instructor(s):

Michael Bruch

Michael Bruch was a Joint Venture Representative/Team Lead at Cenovus and ConocoPhillips since 2000. Prior to ConocoPhillips, Michael held a variety of engineering and other roles with Gulf, Crestar, Amoco, Dome and HBOG. He obtained a BSc in Electrical Engineering from the University of Calgary and is a member of APEGA and PJVA. 

Michael chaired the PJVA/CAPL task force that developed the industry model Pad Site Sharing Agreement which was released in 2018. He retired in 2018 after 44 years in the energy industry. He currently conducts training courses and information sessions on the Pad Site Sharing Agreement and other Joint Venture topics

Save $50 when you register at least 3 weeks in advance! Prices will increase 3 weeks prior to the course.