Tag: PUA

  • “UUOA” & “PUA” Agreements in Common Fields

    “UUOA” & “PUA” Agreements in Common Fields

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    There is no upstream document in the oil and gas industry that does not address the necessity of developing joint fields. It is evident that the reason for this entirely logical emphasis lies in the competition we face with neighboring countries in exploiting these resources.Unitization & Unit Operating Agreement (UUOA) contracts are a type of…