Petroleum Exploration and Production Rights

Petroleum Exploration and Production Rights
Author :
Publisher : World Bank Publications
Total Pages : 106
Release :
ISBN-10 : 0821381679
ISBN-13 : 9780821381670
Rating : 4/5 (670 Downloads)

Book Synopsis Petroleum Exploration and Production Rights by : Silvana Tordo

Download or read book Petroleum Exploration and Production Rights written by Silvana Tordo and published by World Bank Publications. This book was released on 2010 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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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