- The confusing legal development of impossibility and changed circumstances: Towards a better understanding of contractual adaptation at common law
- The permanent sovereignty over natural resources: how it has been accommodated within the evolving global economy
- Journal of Energy Literature
- A Framework for Negotiating & Documenting Petroleum Industry Transactions
- How Profitable Are the Features of Production Sharing Contracts to Host Governments?
- Professor Maniruzzaman says: "Climate Justice is What's Needed for Copenhagen Success"
- Honorary Lecturer publishes new text on Organisational Behaviour
- The Cost of Decommissioning: Government and Industry Attempts at Addressing Decommissioning Liabilities
In the field of licensing tracts for oil and natural gas exploration and production, there is a wide gap between the way academic experts believe is advisable and what governments choose to do. Many academic experts seem to favour an auction mechanism for allocating tracts. In contrast, most countries can be observed to follow policies embodying a very significant element of discretion in allocation of tracts. This paper examines the two approaches and the arguments used to support them. While empirical evidence to support the auction approach is significantly favourable given the circumstances under which the auctions were used, no similar empirical evidence exists for discretionary approaches.
by K Sinding, 1999
Price : Download free, ISBN 1 900297 25 6
CEPMLP Information Service Ref: CP1/99
Read the full article/visit the relevant website