Petroleum Exploration and Production Rights
Daniel Johnston Silvana Tordo David Johnston
ISBN 10: 0821381679 ISBN 13: 9780821381670
Published by The World Bank, 2010
New
Soft cover
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pp. 126. Seller Inventory # 26971619
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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Bibliographic Details
Title: Petroleum Exploration and Production Rights
Publisher: The World Bank
Publication Date: 2010
Binding: Soft cover
Condition: New