Regulating Offshore Petroleum Resources makes a unique comparison between the main regulatory characteristics of the Norwegian and British models for petroleum exploration, production and supply. Leading scholars explore the extent to which these models are relevant for the design of regulatory models in countries with significant existing petroleum resources. The applicability of these regulatory models to countries with potential petroleum resources is also assessed. Providing a profound understanding behind the evolution of the British and Norwegian petroleum regimes, this innovative...

Petroleum fiscal systems are arrangements for sharing the economic value from petroleum extraction between the host nation and the companies engaged in the extraction. In most countries, oil and gas resources are under the control of the national Government. The activities of exploiting the resources are undertaken by firms, some of which are owned by the state. Petroleum resource management therefore is an interaction of two key parties: The enterprises which carry out operations of finding and extracting petroleum from the ground, and the Government as custodian of the resources on behalf...