There have been a number of recent English Court decisions concerning implied obligations of good faith. In May 2019, we considered the potential impact of those decisions on joint operating agreements in the oil & gas...more
In the international upstream oil and gas exploration and production industry, joint operating agreements (“JOAs”) are the key agreements which govern the terms upon which oil and gas companies regulate their upstream joint...more
5/10/2019
/ Commercial Contracts ,
Contract Disputes ,
Contract Interpretation ,
Contract Terms ,
Energy Sector ,
Franchise Agreements ,
Good Faith ,
Joint Operating Agreement ,
Joint Venture ,
Oil & Gas ,
UK
The UK Court of Appeal in Spirit Energy Resources Limited & Ors v Marathon Oil U.K. LLC [2019] EWCA Civ 11 has affirmed the February 2018 decision of Mr Justice Robin Knowles of the High Court. Knowles J’s decision concerned...more