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 6: Hydrocarbon policies and legislation: United Kingdom

Greg Gordon

Abstract

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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