About Nonoperated Joint Ventures

You can use Oracle Joint Venture Management to set up a joint venture as nonoperated, designate yourself as a nonoperator stakeholder, and re-create your portion of the costs using an ownership definition that reflects your share in the joint venture.

You can then track and verify whether the amount billed to you is correct. You can also create payables invoices or internal transfer journals to pay the managing partner for your share of the costs.