Regulation of the Upstream Petroleum Sector: A Comparative Study of Licensing and Concession Systems (New Horizons in Environmental and Energy Law series) - Hardcover

`This book therefore aims to analytically review a wide range and a good coverage of pertinent legal issues from an international perspective as well as national understanding of the existing regulatory frameworks. Most importantly this book provides a good proliferation of the doctrine of Lex Petrolea. The authors' provision of information is definitely well founded and well-articulated. This book will be an essential entry point for general audience with an interest in petroleum transactions, but more importantly it will be crucial for students, academics, and legal practitioners in the petroleum industry.' -- Berryl Claire Asiago , Energy Journal `Tina Hunter has provided both practitioners and academics with a useful and much-needed overview. It reminds the practitioner of the wider context and origins of the issues that comprise their daily work. For the lawyer moving into petroleum law for the first time, it gives a useful introduction. And the academics and students of petroleum law receive an introduction to some of the nitty gritty detail of petroleum contracts.' -- Philip Andrews-Speed, National University of Singapore, `Regulatory and contractual frameworks for upstream energy is a complex but highly relevant topic. By attracting an impressive list of academics and practitioners to examine and analyze some of the main areas for upstream operations, Dr Hunter provides a lucid account of the main elements in these systems. The book is an important addition to the existing body of literature on the topic.' -- Kim Talus, University of Helsinki, Finland

This detailed study presents an accessible examination of how upstream petroleum activities are regulated in developed and developing petroleum countries. It includes a particular focus on the granting of access to petroleum resources, and incorporates a thorough consideration of the concept of Lex Petrolea. Different countries utilise a variety of legal models for regulating the exploitation of petroleum resources and two internationally recognised systems of managing natural resources are salient: concessionary systems and contractual systems. Expert contributors provide a detailed and insightful overview of the licensing and concession system that is used to award access to petroleum in many countries. They address topics such as auctions and work program bidding, and consider contexts such as offshore petroleum and the Russian system. The book considers the international nature of petroleum, alongside how licenses are granted under the bid and discretionary system. It includes a comparative analysis of the award of licenses in the countries discussed. This discerning and comprehensive work will be a useful entry point for students embarking on study in petroleum law. Academics will find this timely examination to be an indispensible overview of upstream operations. Practitioners will find this book an illustrative review of the origins of issues surrounding regulatory frameworks in managing natural resources.