Petroleum Exploration and Production Rights by Silvana Tordo
(World Bank Working Papers)

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Synopsis

Many governments rely on oil companies to efficiently exploit natural resources. Governments have the challenging task of deciding which companies should be awarded exclusive rights to explore, develop, and produce their petroleum resources, and on what conditions such rights should be awarded. This paper analyzes the available evidence on the advantages and disadvantages of various systems used by petroleum-producing countries to allocate petroleum exploration, development, and production rights, and considers the policy implications of each system. The experience of six petroleum-producing countries is presented in detail, and numerous other examples are provided to derive lessons of wider applicability. The paper presents various conclusions for policy makers about the optimal design of allocation systems.
 

About Silvana Tordo

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David Johnston LLM, LLM is a barrister and a superintendent in the Metropolitan Police Service. Formerly a member of the National Police Training Examinations and Assessment team, he is OSPRE Assessor and previously worked as a legal researcher for the Home Office in Harrogate. Glenn Hutton BA, MPhil, FCIPD is a Director of Psychometric Technology Limited which designs and publishes psychological tests and provides selection and assessment services. Formerly a Superintendent in North Yorkshire Police, he also worked as Head of National Police Training Examinations and Assessment, Head ofTraining in North Yorkshire and as both Course Director and Director of Studies at the Police Staff College, Bramshill. Daniel Johnston has spent the last 20 or so years exposing hDaniel Johnston has spent the last 20 or so years exposing his heartrending tales of unrequited love, cosmic mishaps, anis heartrending tales of unrequited love, cosmic mishaps, and existential torment to an ever-growing international cult d existential torment to an ever-growing international cult audience. Initiates, including a healthy number of discerninaudience. Initiates, including a healthy number of discerning musicians and critics, have hailed him as an American origg musicians and critics, have hailed him as an American original in the style of bluesman Robert Johnson and country leginal in the style of bluesman Robert Johnson and country legend Hank Williams. His artwork has been exhibited on both siend Hank Williams. His artwork has been exhibited on both sides of the Atlantic, and in 2006 a documentary on his life wdes of the Atlantic, and in 2006 a documentary on his life won acclaim and awards at the Sundance Film Festival. on acclaim and awards at the Sundance Film Festival.
 
Published January 12, 2010 by world bank publications. 126 pages
Genres: Business & Economics. Non-fiction

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