Joint Ventures have been a part of the oil and gas industry in western Canada since the first wells were drilled. The Jumping Pound Unit, west of Calgary, came into effect on June 13, 1945, and is still an active Unit today. By the 1980's, many companies had staff dedicated to joint venture/joint interest duties, involved in the negotiation and administration of jointly owned oil and gas producing properties.
PJVA was incorporated in 1985 to provide a multi-disciplinary forum to address current petroleum joint venture issues.
PJVA represents and supports individuals and organizations involved in petroleum joint ventures.
PJVA members include engineers, landmen, administrators, geologists, accountants, lawyers, analysts, petroleum marketers, and buyers from junior, intermediate and major oil and gas companies, educational institutions, government agencies and research groups.