Natural Resources & Energy Newsletter

Spirit Energy & TAQA vs Marathon

Natural Resources & Energy Newsletter
Mark Tudor
Practice Areas
Natural Resources & Energy

The English Court of Appeal recently considered the extent to which non-operators under a joint operating agreement (“JOA”) are liable for their share of liabilities arising out of joint operations. In this newsletter we consider the approach taken by the court in that case in finding that the non-operators were liable to reimburse the Operator for costs of joint operations in circumstances where (although the operations in question had been subject to Operating Committee approval) the precise nature and magnitude of these costs were unforeseen at the time of the initial approval of the relevant operations.

This article is also available in Japanese.

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