In petroleum exploration and production operation, it is usual for international oil and gas companies (IOCs) and national oil companies (NOCs) to collaborate in joint ventures (JVs). This age old arrangement is intended to among other reasons share both exploration and financial risk among participating companies. Such organizations are referred to as JV partners while the partners choosing to manage the operation on behalf of itself and other partners is called the operator of the JV.

From time to time, the operator call upon other JV Partners to provide funding for the operations based primarily on each partner’s equity and on approved budgets. Such calls for funding are referred to as “Cash Call”. The administration and accounting for Cash Call remains a major function for JV operators and partner’s Accounting & Finance, Administration, Operations and Human resource Department staff, as well as for the crude oil marketing staff.

Accountants, Operational Auditors, Managers, Operators, Project Managers, Petroleum Engineers, Reservoir Engineers and Joint Venture Operators staff in the Oil and Gas industry

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