Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Petroleum Exploration and Production Rights: Allocation Strategies and Design Issues Volume 179

Petroleum Exploration and Production Rights: Allocation Strategies and Design Issues Volume 179

Tordo, Silvana
Johnston, David
Johnston, Daniel

Paperback

Series: World Bank Working Papers, Book 179

Business GeneralReal Estate

ISBN10: 0821381679
ISBN13: 9780821381670
Publisher: World Bank Publications
Published: Jan 12 2010
Pages: 124
Weight: 0.50
Height: 0.40 Width: 6.90 Depth: 9.70
Language: English
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.

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