Direct and varied experience managing and supporting oil and gas industry joint ventures
The great majority of oil and gas investments are made by unincorporated joint ventures or JVs. While typically these consortia include IOCs, increasingly they also contain NOCs, governments and other types of investors as joint venture partners (JVPs). Even within well-aligned partnerships, JVPs have important technical and commercial reporting and analysis requirements. However, JVPs may be misaligned from an early stage in their existence, or may become so as equity ownership or asset definition change over time.
GaffneyCline has over 50 years of experience managing oil and gas sector joint ventures on behalf of clients all over the world and across the full asset life cycle from exploration and license application – when joint ventures are typically created – to production and abandonment. We are conversant with all types of field developments and we are equally at home in concessionary and production sharing contract regimes.
We are quite familiar with the pressures faced by joint venture participants and our technical, fact-based approach is invaluable in enabling JVPs to agree, to fund and to carry out value-adding operations. Together these elements of GaffneyCline’s experience have enabled the participants in many joint venture partnerships to cooperate and their JVs to succeed.
Contact GaffneyCline to discuss your scenario.