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The Various Structures For Granting Petroleum Licences Around The World

Author

Listed:
  • Darryl Egbert

    (Exxon Mobil)

  • Brian Livingston

    (University of Calgary)

Abstract

This paper summarizes the various structures used throughout the world to grant petroleum licences to industry players wishing to develop an oil and gas resource. It describes the various structures that are used, such as concessions, production-sharing agreements and joint ventures, among others. The paper goes on to describe the various economic obligations that governments impose on industry in return for granting rights under their petroleum licensing systems. Finally, it describes the various processes used by governments to grant these rights, such as public auctions of generic rights, public requests for proposal and negotiation, restricted invitations and negotiations.

Suggested Citation

  • Darryl Egbert & Brian Livingston, 2019. "The Various Structures For Granting Petroleum Licences Around The World," SPP Research Papers, The School of Public Policy, University of Calgary, vol. 12(35), October.
    • Handle: RePEc:clh:resear:v:12:y:2019:i:35
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