The petroleum industry is highly specialised. Over the centuries, the
industry has developed a large number of standard petroleum regulations,
arrangements and contracts that are not necessarily familiar to all
across the industry and even less to the outside world. Each
regulation/arrangement/contract has its own detailed terms and
provisions and experts in this industry tend to be focused on specific
phases from such complex industry. This updated edition provides the
unique combination of an encyclopaedia with commentary for the entire
chain of petroleum activities. The encyclopaedia deals exclusively with
upstream activities. First, it deals with all types of petroleum title
with the host government (eg, concession agreements, production sharing
agreements and service agreements). Second, it covers all the relevant
consortium agreements between investors (eg, joint bidding agreement,
joint ventures and joint operating agreements). It also deals with the
relevant players in the sector varying from the international oil
company to the national oil company; the relevant regulations in the
sector (eg, petroleum law, fiscal terms, health, safety and environment
and procurement) and the key mechanisms for raising funds in the
upstream sector. Lastly, the book covers acquisition mechanisms with
government authorities and private parties, and the key issues
concerning governing law and dispute resolution. This new edition
provides additional sections on (i) international laws and treaties with
direct impact on the upstream sector, (2) anti-corruption laws and
practices, (3) corporate and social responsibility, (4) oil and gas
service contracts, (5) confidentiality agreement, among others. This
encyclopaedia will serve as a valuable tool for lawyers, professionals
in industry, consultants, academics, engineers, geologists who are
interested in understanding the key legal terms and provisions of the
oil and gas industry.
