PETROLEUM, INDUSTRY AND GOVERNMENTS - AN INTRODUCTION TO PETROLEUM REGULATION, ECONOMICS

This work provides an overview of the regulatory, economic and policy forces which have shaped the organisation, development and internationalisation of the petroleum industry, focusing on the role of industry and government in the production and use of petroleum. The author analyses the development and working of the oil and natural gas markets, including issues such as the cost of supply and the establishment of producer prices, and the government policies underpinning the scope, objectives and structure of petroleum legislation. The discussion covers the main forms of co-operative production agreements, including joint ventures and unitisation agreements, licensing regimes, production sharing contracts, petroleum taxation and the international regulation of onshore and offshore petroleum operations. The book's broad scope, taking in law, economics and policy, will be of particular interest to lawyers, petroleum venture managers, independent consultants and other professionals who advise on the economic, regulatory and co-operative aspects of petroleum operations.