The golden age of abundant, easy-to-access oil is over. Most of the largest reserves are relatively accessible, due to governmental control, so international oil and gas companies must search for new and more complex oil and gas provinces. Independent companies are adopting an even broader approach as they analyse unconventional plays. The 21st century oil and gas industry clearly demands a global approach, as companies from major to small compete on the international stage.
This practical handbook analyses the most relevant petroleum provinces, summarising upstream regulation and key concerns in over 30 important and emerging oil and gas jurisdictions. Issues featured include the key terms of petroleum law, the types of legal arrangement in place, the fiscal terms, how to qualify to acquire acreage, governing law, dispute resolution mechanisms and governmental control. The book therefore represents a comprehensive worldwide resource for upstream investments.
Many entities are keen to analyse and assess opportunities all over the world. This book will therefore appeal to a range of participants, including international oil companies, independents, national oil and gas companies, legal advisers and consultants, who will be interested to understand the general requirements of oil and gas provinces and the respective best practices across the globe.