Description
Book SynopsisPetroleum Resource Management offers a thought-provoking examination of how countries manage their offshore petroleum resources by comparing the different approaches to licensing and regulation taken by Australia, Norway and the UK.Based on extensive research into their policies, licensing systems and resource management regulations, including interviews with government regulators and companies, John Chandler explores how these countries all face similar challenges as their offshore petroleum basins mature, including smaller discoveries, marginal production and ageing infrastructure. Identifying further challenges such as climate change and the increasing accountability in relation to sustainability and social issues, Chandler analyses how their petroleum policy, systems of regulation and regulators developed up to the present, and how they are responding to these challenges, as well as how they deal with exploration, development, infrastructure sharing and production.This timely and informative book will be essential reading for those in petroleum policy and governance, including petroleum lawyers, government officials, regulators and analysts. Academics and students on courses relating to petroleum regulation and the governance of resources will also benefit from this engaging book.
Trade Review‘Petroleum Resource Management represents an important
‘This book is a well-written, thoughtful overview of how petroleum resource management is effected, resulting in a very helpful comparative analysis. It is a welcome addition to an area in which the pub- lished literature to date has been somewhat lacking.’ -- Peter Roberts, Journal of World Energy Law and Business
‘This book is a valuable addition to a resources law practitioner’s library in that it explains and discusses context – understanding the multitude of interconnected issues that affect the business of a client in the petroleum sector (commercial, legal, regulatory and environmental, to name a few).’ -- Tasman Ash Fleming, Law Institute Journal
‘Petroleum Resource Management will appeal particularly to Australian scholars, law- and policy-makers, and industry professionals. It will also be of considerable value to readers from other jurisdictions, who may wish to learn about the management of offshore oil and gas resources in these three mature jurisdictions. More broadly the author's thoughtful and future-focused engagement with concepts of stewardship, national interest, sustainability and good governance, will enhance broaden its application and readership.’ -- Erika Techera, Marine Policy
‘Detailed in its understanding of licensing in offshore petroleum resources, this book by John A.P. Chandler is a must read not only for practitioners but also students and academics dwelling on tricky questions of appropriate legal structuring and architecture for effective natural resource governance.’ -- Roopa Madhav, Law Environment and Development Journal
‘Legal and government professionals, as well as academics and students, will find this work valuable. There is also little doubt that the comparative analysis provided by this work will be valuable to readers from both inside and outside the three chosen jurisdictions.’ -- R. Pritchard, Oil, Gas & Energy Law Intelligence
‘As the oil and gas industry and host governments in developed jurisdictions confront the challenges of maturity and low carbon energy transition, this timely book provides a detailed, thoughtful and perceptive analysis of the legal, regulatory and fiscal dimensions. Required reading for all who need to understand the implications of a rapidly changing situation.’ -- John Paterson, University of Aberdeen, UK
‘This book gives a good overview of the issue of prudent resource management and an insightful and thorough comparison between the petroleum regimes of Australia, Norway and the UK.’ -- Mette Agerup, Ministry of Petroleum and Energy, Norway
‘Leading lawyer and academic John Chandler has produced a timely, and tremendously useful, examination of how the Australian, Norwegian and UK governments are managing their petroleum resources. He also explains how they are evolving their licensing systems to respond to the various challenges facing the global petroleum industry.’ -- Geoff Simpson, Allen & Overy, Australia
Table of ContentsContents 1. Introduction 2. Licences 3. Regulatory structures and regulators 4. The companies 5. Resource rent, value and stewardship 6. Economic recovery and good oilfield practice 7. Resource management policy 8. Production sharing contracts 9. Exploration 10. Development 11. Production 12. Infrastructure 13. The future of offshore petroleum resource management Index
