THE VARIOUS STRUCTURES FOR GRANTING PETROLEUM LICENCES AROUND THE WORLD

Autor: Darryl Egbert, Brian Livingston
Jazyk: angličtina
Rok vydání: 2019
Předmět:
Zdroj: The School of Public Policy Publications, Vol 12, Iss 35, Pp 1-29 (2019)
Druh dokumentu: article
ISSN: 2560-8312
DOI: 10.11575/sppp.v12i0.68277
Popis: This paper summarizes the various structures used throughout the world to grant petroleum licences to industry players wishing to develop an oil and gas resource. It describes the various structures that are used, such as concessions, production-sharing agreements and joint ventures, among others. The paper goes on to describe the various economic obligations that governments impose on industry in return for granting rights under their petroleum licensing systems. Finally, it describes the various processes used by governments to grant these rights, such as public auctions of generic rights, public requests for proposal and negotiation, restricted invitations and negotiations.
Databáze: Directory of Open Access Journals