Following a review of governance at our non-operated joint ventures (NOJVs), BHP created two NOJV asset teams within Minerals Americas. The purpose of the NOJV teams is to sustainably maximise returns and manage risks of our investments in Antamina, Resolution and Samarco in line with Our Charter values.

Why Is Influencing Non-operated Joint Ventures (NOJVs) Important? Reducing methane emissions from oil and gas is one of the most impactful near-term decarbonization tactics – and one of the lowest-cost approaches for operators.

When they do assess the performance of their non-operated joint ventures, they tend to focus on specific aspects and rarely on the overall health of the business or relationship. In this issue we look at the reasons behind this, if this approach makes commercial sense, and the current market trends on these forms of business partnerships.

Supermajors’ targets to reduce methane emissions apply only to assets they operate directly. Emissions from non-operated joint ventures remain largely unmanaged and unknown in underregulated global markets. It’s time that supermajors extend their emissions reduction targets, strategies, and reporting to 100% of their production portfolio.

Joint Venture audits attest and evaluate Operators activities, policies and procedures, and costs over a defined scope period. Non-operating participants schedule and fund a review of detail transactions and related supporting documentation to ensure their individual ownership interests are productive and are being protected.

NOJV stands for Non-Operated Joint Venture (oil industry) Suggest new definition This definition appears somewhat frequently and is found in the following Acronym Finder categories:

2018年1月1日 · How non-operating partners in joint ventures (JVs) structure their asset teams – size, composition, reporting, location, and other factors – will have an enormous bearing on the company's ability...

NOJV progress on actions Accountability and people • Redefined BHP’s role in NOJV governance and the competencies needed to be successful • Established a single point of accountability and a team of functional experts • Implementing NOJV excellence (training, prioritization, planning, process improvement)

2020年10月22日 · bp has a significant portfolio of non-operated joint ventures (NOJVs), in which we have an interest, but which are operated by someone other than bp. That is why we have said publicly that we...

2019年10月13日 · This paper aims to deliver an approach for NOJV companies to safeguard their assets as well as maximize their value by actively collaborating with the Operator to enhance and optimize asset management through operational excellence and performance assessments.