In joint interest accounting, one of the manifestations of sovereignty is the exclusive jurisdiction of governments to exploit natural resources located within their territory, among which the most important resources under the sovereignty of governments are oil and gas reservoirs. The complexity of the oil and gas industries often leads to projects being carried out by joint ventures, alliances and other strategic groups. Oil and gas exploration and production operations are usually considered risky and costly operations. Therefore, to reduce the cost and risk of oil and gas assets, these assets are owned by two or more right-of-use holders. In some cases, companies acquire the right to use them jointly from the very beginning of the operation. This study aims to examine the accounting of joint interests in joint operating agreements in the oil and gas industries.