In order to run the joint venture (oil and gas exploration) efficiently, the parties will appoint an Operator to act on their behalf. The Operator will reap no gain and suffer no losses in doing so. The Operator will be the motivating party in taking the work forward by proposing budgets and plans and running meetings. It will also act as the agent of the parties in relation to third parties, including government liaison. The operator is usually a party to the license and usually the party with the largest interest in the block. The operator is said to have the operatorship