Good standing agreement

If a titleholder defaults on a guaranteed work program commitment, a Good Standing Agreement is a policy mechanism available for the titleholder and their directors to maintain ‘good standing’ with the Joint Authority.

Useful links

• Guideline: Offshore petroleum exploration work-bid (effective 2 March 2022)
• Factsheet: Good standing agreement: Regional studies
• Cancellation

NOPTA Forms Guidance

The NOPTA Forms Guidance – Petroleum has been developed as a general guide to assist applicants and titleholders in making valid applications, notifications and nominations.