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 5: Background: United Kingdom

Raphael Heffron, Mohammad Hazrati, Greg Gordon and Darren McCauley

Abstract

The societal context in which the system for managing UK petroleum resources developed is analysed in this chapter. The chapter describes British society in terms of its economy, resources and politics and the related consequences for the UK energy sector, with a focus on the UK oil and gas sector. In addition, there is coverage of the different institutions that relate to the oil and gas industry. Finally, there is a brief analysis of some of the early issues that may result from Brexit and may also affect the UK oil and gas sector.

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