Best practice in license allocation in the oil and gas industry: a review of five countries

Article

Cillari, A., Stephens, S. and Werner, A. 2021. Best practice in license allocation in the oil and gas industry: a review of five countries. Resources Policy. 74, pp. 1-9. https://doi.org/10.1016/j.resourpol.2021.102296
TypeArticle
TitleBest practice in license allocation in the oil and gas industry: a review of five countries
AuthorsCillari, A., Stephens, S. and Werner, A.
Abstract

The implementation of good practice in the natural resource management processes is crucial to the economic development of many countries. Well managed resources can bring high financial rewards and benefit the entire country, while poor resource management can lead to severe social and economic consequences. The allocation of licenses for the exploration and development of the natural resources is of particular importance in establishing good management and ensuring the accrual of benefits to the country. In this paper we identify an analytic framework for establishing the most suitable license allocation approach in any context, and apply this to five case studies. From this application we draw conclusions regarding best practice and identify the policy implications of this discussion.

KeywordsLicensing policy, License round, Natural resource, Oil and gas exploration
PublisherElsevier
JournalResources Policy
ISSN0301-4207
Publication dates
Online26 Aug 2021
Print01 Dec 2021
Publication process dates
Deposited13 Sep 2021
Accepted12 Aug 2021
Output statusPublished
Accepted author manuscript
License
Copyright Statement

© 2021. This manuscript version is made available under the CC-BY-NC-ND 4.0 license https://creativecommons.org/licenses/by-nc-nd/4.0/

Digital Object Identifier (DOI)https://doi.org/10.1016/j.resourpol.2021.102296
LanguageEnglish
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