Abstract
This article aims to present the most relevant practices of offshore oil contracting at an international level, in order to better understand the legal dynamics of the sector. The problem investigated deals with the terms of the legal relationship between the State and national and foreign public companies, as well as the relationship between States, with a view to the exploitation of shared offshore oil resources. This problem is current, taking into account both the fact that oil is a scarce resource, as well as the fact that its offshore exploration is particularly complex and risky. This article presents, in a non-exhaustive way, some examples of practices that illustrate contractual trends that have already crystallized. The approach to its content is made from an international law perspective, focused on the transnational challenges posed to States and operators. It is concluded that the sector is characterized by a huge variety of practices, which reveals an ability of operators to adapt to the characteristics of the concrete challenges of an offshore exploration project. It also shows the political and economic particularities of the States involved in the process.
Translated title of the contribution | International oil contracting practices |
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Original language | Portuguese |
Article number | 12 |
Journal | HONORIS: Revista da Faculdade de Ciências Jurídicas e Políticas da Universidade Gregório Semedo |
Volume | 1 |
Issue number | 1 |
Publication status | Published - 2016 |
Externally published | Yes |
Event | Lançamento da revista científica HONORIS - Salão Nobre da Universidade Gregório Semedo, Luanda, Angola Duration: 13 Apr 2017 → 13 Apr 2017 https://www.facebook.com/events/1665375683766648/ |
Conference
Conference | Lançamento da revista científica HONORIS |
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Location | Salão Nobre da Universidade Gregório Semedo |
Country/Territory | Angola |
City | Luanda |
Period | 13/04/2017 → 13/04/2017 |
Internet address |
Keywords
- international contracts
- law of the sea
- offshore oil law