Store International The Promotion and Licensing of Petroleum Prospective Acreage
The Promotion and Licensing of Petroleum Prospective Acreage

The Promotion and Licensing of Petroleum Prospective Acreage

By Michael A.G. Bunter


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This detailed work is based on more than ten years experience in conducting tenders for the licensing of petroleum prospective acreage on behalf of a number of sovereign governments in Europe, Africa and the former Soviet Union. It explains the processes of licensing from the points of view of the two main protagonists, the government bodies and the international oil companies.

The book also gives due prominence to the interests of the host communities and to the environment, as well as to the neighbouring states and the other participants who may be affected by the licensing process.

In the modern world petroleum licensing takes place in the full glare of attention from the press and from public opinion. This work breaks new ground in recommending ways in which government and the oil companies may devise best practice in licensing to serve the interest of all parties and also an ethical business environment.

Last Updated 01/01/2002
Update Frequency As Needed
Product Line Kluwer Law International
ISBN 9789041117120
SKU 10058686-0001
Table of Contents
  1. International aspects of petroleum promotion and licensing
  2. Government policy in the Petroleum Sector
  3. Government institutions in licensing in the petroleum sector
  4. The Definition of Acreage for Licensing
  5. The Bid/Tender Process
  6. The Call for Tenders, an official government document
  7. The Promotion of the Investment Opportunity
  8. Evaluation of the IOC tenders
  9. Announcement of Bid Qualified IOCs, negotiations commence
  10. Bringing negotiations to a successful conclusion