Petroleum Exploration and Production Rights: Allocation Strategies and Design Issues Volume 179 (Paperback) (ISBN-13: 9780821381670)

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.

Author: Silvana Tordo
ISBN-10: 0821381679
ISBN-13: 9780821381670
Publisher: World Bank Publications
Language: English
Published: 01/12/2010
Pages: 124
Format: Paperback
Weight: 0.50lbs
Size: 9.70h x 6.90w x 0.40d

Review Citation(s):
Reference and Research Bk News 05/01/2010 pg. 118