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 8: Conclusion

Eduardo G. Pereira and Henrik Bjørnebye


The discovery of huge deposits of petroleum in the North Sea in the late 1960s and early 1970s came at a fortunate time for both Norway and the UK. Both countries were by then well-organized parliamentary democracies based on the rule of law, with well-educated work forces and advanced economies. In other words, both countries were in a good position to start petroleum development around 1970. Consequently, as emphasized by Erik Jarlsby in chapter 2, one factor that should not be underestimated as a contributor to success in North Sea petroleum development is that of sheer luck. As he points out, not only were huge petroleum deposits discovered on the Norwegian Continental Shelf, they were also discovered at the right moment.

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