Upstream Law and Regulation

Issues featured include the key terms of petroleum law, the types of legal arrangement in place, the fiscal terms, how to qualify to acquire acreage, governing law, dispute resolution mechanisms, decommissioning and governmental control. As a result, the book provides a comprehensive global resource for upstream investments.

The golden age of abundant, easy-to-access oil is over and, as a result, international oil and gas companies must search for new and more complex oil and gas provinces. Moreover, independent companies are adopting an even broader approach as they analyse unconventional plays. The 21st-century oil and gas industry increasingly demands a global approach as companies - both major and small - compete on the international stage.This fully updated second edition of our practical handbook, now in two volumes, takes an in-depth look at the most relevant petroleum provinces, summarising upstream regulation and key concerns in over 30 important and emerging oil and gas jurisdictions. Issues featured include the key terms of petroleum law, the types of legal arrangement in place, the fiscal terms, how to qualify to acquire acreage, governing law, dispute resolution mechanisms, decommissioning and governmental control. As a result, the book provides a comprehensive global resource for upstream investments. New areas of coverage for this edition include Algeria, Ecuador, Israel, Lebanon, Morocco and Oman.Many entities are keen to analyse and assess opportunities all over the world and so this book will appeal to a range of participants, including international oil companies, independents, national oil and gas companies, legal advisers and consultants, who need to understand the general requirements of oil and gas provinces and the respective best practices across the globe.

Volume IUpstream regulation: an introduction 7Eduardo G PereiraInternational Energy Law Advisory GroupKim TalusTulane UniversityPart I – AfricaAlgeria 15Waniss OtmanPetroleum economistAngola 53Paolo EspositoPatrícia RosárioRosário ConsultingChad 75Waniss OtmanPetroleum economistGhana 103Seyram DzikunuBentsi-Enchill, Letsa & AnkomahThomas Kojo StephensAkufo-Addo, Prempeh & Co; University of Ghana School of LawLibya 123Waniss OtmanPetroleum economistMorocco 161Waniss OtmanPetroleum economistMozambique 193José de BarrosSIGMA ConsultoresNigeria 251Chisom Nneka UdechukwuLatifat Folashade YusuffLegal practitionersSenegal 267Aboubacar FallFALL Partners Law OfficesSudan 279El-Tayab Murkaz AliUniversity of KhartoumTunisia 293Waniss OtmanPetroleum economistPart II – The AmericasArgentina 337Dario AriasResources Energy ConsultingDario Gerardo LamannaCNPBolivia 355Dario AriasResources Energy ConsultingRaul A BaldiviaBaldivia Unzaga & AsociadosBrazil 377Raphael PacielloDécio Pio Borges de CastroMarcelo Viveiros de MouraPinheiro NetoCanada 401Nigel BankesUniversity of CalgaryColombia 413Dario Gerardo LamannaCNPEcuador 441Esteban BaqueroRafael ValdiviesoFerrereMexico 467Miriam GrunsteinBrilliant Energy ConsultingUnited States 487Samuel E FubaraDebra J VillarrealThompson & Knight LLPVolume IIPart III – EuropeDenmark 511Bent Ole Gram MortensenUniversity of Southern DenmarkGreenland 527Bent Ole Gram MortensenUniversity of Southern DenmarkNetherlands 547Lisa ShoenmakersJap Jaan TrommelNautaDutilh NVNorway 561Ivar AlvikUniversity of OsloRussia 577Anna OvcharovaRosneftUnited Kingdom 593Justyna BremenMichael BurnsAshurstPart IV – Middle East, Asia and AustraliaAustralia 615Igor BogdanichAllensAzerbaijan 639Samir HadjiyevMaarifa PashayevaPwC AzerbaijanIndonesia 655Madjedi HasanPetroleum industry consultantIraq 673Ahmed Mousa JiyadIndependent development consultant and scholarIsrael 699Renelle JoffeMeitar Liquornik Geva Leshem TalKazakhstan 715Ibragim KoukyYerzhan YessimkhanovGrata Law FirmLebanon 727Malek TakieddineAl-Jad/CMSOman 745Ben EwingCMS Cameron McKenna Nabarro Olswang LLPPakistan 759Muhammad ArifArif and AssociatesQatar 789Dario AriasResources Energy ConsultingMelina LlodraLaliveAbout the authors 807