The agreement regarding use of a Trade Operator is defined in the Joint Operating Agreement (JOA), section 26. In accordance, a contract is established between the individual production license and the Trade Operator.
The License Management Committee (MC) selects the Trade Operator on the first License MC meeting. There can only be one Trade Operator for the License. The Trade Operator shall be notified as soon as possible.
The Trade Operator administrates all trades, purchases and sales of data to and from the license.
Geodata Trade Norwegian Oil and Gas Association handles the role as Trade Operator based on a non-profit principle.