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Petroleum Resource Management

How Governments Manage Their Offshore Petroleum Resources

John A.P. Chandler

This thought-provoking book examines how countries manage their offshore petroleum resources by comparing the different approaches to licensing and regulation taken by Australia, Norway and the UK. It is based on extensive research into their policies and management practices, including interviews with government regulators and companies. These countries all face similar challenges as their offshore petroleum basins mature which means smaller discoveries, marginal production and ageing infrastructure. John 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.
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Chapter 10: Development

John A.P. Chandler

Extract

This chapter examines the regulation of development in the three countries. In each one there is a critical checkpoint of approval of a field development plan or FDP (in Norway this is called a PDO). Their approach and criteria for approval vary with differences in the consideration of economic information, joint development and sharing infrastructure. These are most broadly considered in Norway where a holistic approach is taken to the regulation of offshore petroleum. In Australia and Norway an application contains extensive detail about the development and installation of infrastructure (which can require a separate plan or PIO in Norway). In the UK it is generally shorter and approval is focused on the MERUKS objectives. In Australia approval is focused on pool management being consistent with good oilfield practice and compatible with optimum long-term recovery of the petroleum. The chapter then looks at unitisation, variations to FDPs and other actions requiring approval, such as well operations.

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