The following In-house Advisor practice note provides comprehensive and up to date legal information covering:
The following jurisdictions are covered in this report:
Argentina; Brazil; Denmark; Faroe Islands; Ghana; Greenland; India; Italy; Japan; Mexico; Myanmar; Norway; Oman; Peru; Senegal; Thailand; United Kingdom; USA
The set of questions relating to the topic of Oil Regulation and answered by the guide for each jurisdiction covered include:
Describe, in general terms, the key commercial aspects of the oil sector in your country.
What percentage of your country’s energy needs is covered, directly or indirectly, by oil or gas as opposed to nuclear or non-conventional sources? What percentage of the petroleum product needs of your country is supplied with domestic production?
Does your country have an overarching policy regarding oil-related activities or a general energy policy?
Is there an official, publicly available register for licences and licensees? Is there a register setting out oilfield ownership or operatorship, etc?
Describe the general legal system in your country.
Describe the key laws and regulations that make up the principal legal framework regulating oil and gas activities.
Are there any legislative provisions that allow for expropriation of a licensee’s interest and, if so, under what conditions?
May the government revoke or amend a licensee’s interest?
Identify and describe the government regulatory and oversight bodies principally responsible for regulating oil exploration and production activities in your country. What sanctions for breach may be imposed by the regulatory and
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