Regulating Offshore Petroleum Resources
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Regulating Offshore Petroleum Resources

The British and Norwegian Models

Edited by Eduardo G. Pereira and Henrik Bjørnebye

Regulating Offshore Petroleum Resources examines the main regulatory characteristics of the Norwegian and the British models for petroleum exploration, production and supply. The authors explore to what extent 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.
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Chapter 3: Hydrocarbon policy and legislation: Norway

Tonje Pareli Gormley and Merete Kristensen

Abstract

This chapter provides an overview of the historical development of policies and laws pertaining to the Norwegian oil and gas sector. Further, it focuses on certain key features of these policies and laws, such as state participation, development of local content, government take and investment protection and incentives, which may help to explain the success of the Norwegian model. As such, the chapter may serve as a source of inspiration for petroleum producing countries seeking to establish or further develop their own domestic petroleum policy and legislation.

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