Petroleum Exploration and Production Rights: Allocation Strategies and Design Issues (179) (World Bank Working Papers) - Softcover

Tordo, Silvana

 
9780821381670: Petroleum Exploration and Production Rights: Allocation Strategies and Design Issues (179) (World Bank Working Papers)
Softcover
ISBN 10: 0821381679 ISBN 13: 9780821381670
Publisher: World Bank Publications, 2010

Synopsis

Many governments rely on oil companies to efficiently exploit natural resources. Governments have the challenging task of deciding which companies should be awarded exclusive rights to explore, develop, and produce their petroleum resources, and on what conditions such rights should be awarded. This paper analyzes the available evidence on the advantages and disadvantages of various systems used by petroleum-producing countries to allocate petroleum exploration, development, and production rights, and considers the policy implications of each system. The experience of six petroleum-producing countries is presented in detail, and numerous other examples are provided to derive lessons of wider applicability. The paper presents various conclusions for policy makers about the optimal design of allocation systems.

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Publisher
World Bank Publications
Publication date
2010
Language
English
ISBN 10 
0821381679
ISBN 13 
9780821381670
Binding
Paperback
Number of pages
124