Petroleum Resource Management: How Governments Manage Their Offshore Petroleum Resources(New Horizons in Environmental and Energy Law series)

Petroleum Resource Management offers a thought-provoking examination of how countries manage their offshore petroleum resources by comparing the different approaches to licensing and regulation taken by Australia, Norway and the UK.Based on extensive research into their policies, licensing systems and resource management regulations, including interviews with government regulators and companies, John Chandler explores how these countries all face similar challenges as their offshore petroleum basins mature, including smaller discoveries, marginal production and ageing infrastructure. Identifying further challenges such as climate change and the increasing accountability in relation to sustainability and social issues, Chandler analyses how their petroleum policy, systems of regulation and regulators developed up to the present, and how they are responding to these challenges, as well as how they deal with exploration, development, infrastructure sharing and production. This timely and informative book will be essential reading for those in petroleum policy and governance, including petroleum lawyers, government officials, regulators and analysts. Academics and students on courses relating to petroleum regulation and the governance of resources will also benefit from this engaging book.

Table of Contents:
Contents 1. Introduction 2. Licences 3. Regulatory structures and regulators 4. The companies 5. Resource rent, value and stewardship 6. Economic recovery and good oilfield practice 7. Resource management policy 8. Production sharing contracts 9. Exploration 10. Development 11. Production 12. Infrastructure 13. The future of offshore petroleum resource management Index

About the Author :
John A.P. Chandler, Professor of Law and Co-Director, Centre for Mining, Energy and Natural Resources Law, University of Western Australia

Review :
‘Petroleum Resource Management represents an important contribution to the existing body of literature on the management of petroleum resources. It will be of interest to policymakers, practitioners, academics, students and industry professionals that wish to learn more about these three jurisdictions, the challenges these States are facing and to reflect on the future direction of the petroleum industry in general.’ ‘This book is a well-written, thoughtful overview of how petroleum resource management is effected, resulting in a very helpful comparative analysis. It is a welcome addition to an area in which the pub- lished literature to date has been somewhat lacking.’ ‘This book is a valuable addition to a resources law practitioner’s library in that it explains and discusses context - understanding the multitude of interconnected issues that affect the business of a client in the petroleum sector (commercial, legal, regulatory and environmental, to name a few).’ ‘Petroleum Resource Management will appeal particularly to Australian scholars, law- and policy-makers, and industry professionals. It will also be of considerable value to readers from other jurisdictions, who may wish to learn about the management of offshore oil and gas resources in these three mature jurisdictions. More broadly the author's thoughtful and future-focused engagement with concepts of stewardship, national interest, sustainability and good governance, will enhance broaden its application and readership.’