A large proportion of joint ventures are non-operated, meaning that while a company may have an equity interest in the joint venture, it does not operate or control the day-to-day operations of the business or asset. While the non-operator may rely heavily on the performance of the joint venture, it is our experience that many do not spend adequate time protecting their interests. 

In this issue, we look at why non-operators need to pay attention, and why it makes commercial sense to do so.