Co-Operative Agreements in the Extractive Petroleum Industry


Book Description

In this work, a distinction is made between two forms of cooperation in the exploration and exploitation of petroleum: proportional cooperation between oil companies who jointly own an exclusive petroleum right, either an exclusive licence or a risk contract; and non-proportional cooperation between state enterprises and oil companies who enter into production-sharing agreements or other type of risk contracts. The book explains the reasons for cooperation and the strategies followed to minimise non-market-related risks. It provides detailed analysis of customary joint venture agreements and of special provisions in these agreements such as non-consent options and sole risk options. The work further covers compulsory cooperation in the form of either state participation or unitisation agreements. A separate chapter is devoted to production-sharing agreements. This book is intended for geologists and petroleum engineers in charge of extractive ventures and for international lawyers, consultants and other professionals who are in charge of designing, negotiating and promoting any type of cooperative agreement. The author has drawn on 34 years' experience of the legal, economic and technical aspects of the international petroleum industry, most recently as senior concessions lawyer with Shell Internationale Petroleum Maatschappij in The Hague, The Netherlands, and as part- time professor at the Delft University of Technology.




History, Exploration & Exploitation of Oil and Gas


Book Description

This edited volume discusses scientific and technological aspects of the history of the oil and gas industry in national and international contexts. The search for oil for industrial uses began in the nineteenth century, the first drills made in Azerbaijan and the United States. This intense search for a substance to become one of the most important energy sources was, many times, based on skill as well as luck, resulting in knowledge and the development of prospecting and exploration technologies. The demand for oil improved expertise in geological science, in areas such as micropaleontology, stratigraphy or sedimentology and informed different disciplines such as geophysics. These contributions made possible not only the discovery of new oil fields but also new applications and methods of exploration. Beyond the scientific and technological aspects, an industry that grew to such considerable size also impacted the political, economic, social, cultural, environmental and diplomatic issues in history. The book approaches these changes in different scales, countries, areas, and perspectives. This edited book appeals to researchers, student, practitioners in various fields from geology and geophysics to history. It is also an important resource for professionals in the oil and gas industry.




Petroleum Investment Policies in Developing Countries


Book Description

Twelve chapters cover a wide variety of topics, including finance, contracts, political risk insurance, legal issues, economics, and technical cooperation. All treatment of these subjects focuses on conditions expected to exist in the mid 1990s. No subject index or bibliography. Annotation copyright




Production-sharing Agreements


Book Description







Energy Policy and Regulation in the People's Republic of China


Book Description

China is the world?s second largest consumer of commercial energy and is therefore a significant contributor to atmospheric pollution. It is becoming a major player in global and regional markets for energy products, services and investment. This book provides an overview of the formulation and implementation of energy policy in China. Part One provides background information on China?s energy sector. Part Two examines the nature of China?s energy policy and of the policy-making process, with examples drawn from the coal and natural gas sectors, as well as from the government?s drive to promote energy conservation and energy efficiency. Part Three focuses on recent efforts to reform the energy sector in China and to regulate it more effectively, paying particular attention to the electrical power sector and to small-scale coal mines. Part Four evaluates, from the perspective of the citizen, policy relating to the electrical power sector and to the closure of small-scale coal mines. Part Five addresses the international dimensions of China?s energy policy, with accounts of both inward and outward investment, and of the international political implications. About the author: Dr Philip Andrews-Speed is Director of the Centre for Energy, Petroleum and Mineral Law and Policy at the University of Dundee, Scotland. He spent fourteen years as a geologist in the international mining and petroleum industries before coming to the Centre in 1994, gaining an LLM in Energy Law and Policy, and joining the academic staff.




Petroleum Contracts and International Law


Book Description

"This book addresses aspects of international law relating to petroleum contracts, examining oil and gas agreements between states and private companies and their intersection with rules of international law...The book covers topics such as the nature of international petroleum contracts, petroleum agreements as state contracts, issues of contract stability, the development of bilateral investment treaties, natural resource cycles, political risks and the specific petroleum policies of the International Bank for Reconstruction and Development, the International Monetary Fund and the International Development Association."--