Sets out the rights and obligations of the parties that have a license (exploration, drilling) amongst themselves. The scope of the JOA is to cover all joint activities from the license award to the termination or surrender of the license and the abandonment of all joint property. It therefore formally creates the joint venture, sets up the joint account, enables joint exploration, appraisal and development of acreage and provides for the satisfaction of license obligations. It deals with producing and lifting of the petroleum and usually enables joint transportation and processing efforts