Cillari, A.; Stephens, S.; Werner, A.

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

Publication dates
Type	Article
Title	Best practice in license allocation in the oil and gas industry: a review of five countries
Authors	Cillari, 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.
Keywords	Licensing policy, License round, Natural resource, Oil and gas exploration
Publisher	Elsevier
Journal	Resources Policy
ISSN	0301-4207
Online	26 Aug 2021
Print	01 Dec 2021
Publication process dates
Deposited	13 Sep 2021
Accepted	12 Aug 2021
Output status	Published
Accepted author manuscript	BestPracticeInLicenseAllocationInTheOilAndGasIndustry-AReviewOfFiveCountries_(R&R_Submission).pdf Best Practice in License Allocation in the Oil and Gas Industry - A Review of Five Countries (R&R Submission).docx License CC BY-NC-ND 4.0
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
Language	English

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