The British and Norwegian Models
Edited by Eduardo G. Pereira and Henrik Bjørnebye
Chapter 6: Hydrocarbon policies and legislation: United Kingdom
This chapter will outline the development of British hydrocarbon law and policy and offer some critical comment relative thereto. Focusing primarily upon the offshore industry, it will chart the evolution of British oil and gas law and policy; discuss the manner in which the state organizes its governance of the upstream oil and gas sector; outline the extent of British governmental participation; note the absence, in Britain, of oil funds; explain the extent and basis of the direct state take from upstream activities; and consider the means by which the British government seeks to encourage investment on the UK Continental Shelf.
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