Description
The term "local content" refers to the value petroleum activities bring to a country beyond the direct revenues from hydrocarbons. Job creation, economic development, transfer of technology, and the infusion of talent and education all contribute to local content. With the insight of experts from around the world, this text explores the policies of more than two dozen countries, each with its own approach. It also discusses historical context and how countries could learn from the best and the worst of local content development.
Host countries that developed suitable local content policies also have a better track record in tackling other associated problems. These include economic and social issues as well as also the development of a diverse and well-educated local work force.
Features and Benefits
- Overview of how various host countries have approached local content development.
- Examines how the policies for local content development may be modeled.
- Provides examples of what a host country could or should take into consideration in modeling adequate local content policies, along with how such policies may be implemented through statutory, regulatory, or contractual requirements.
- Illuminates how host countries today can learn from their own experiences or from those of other host countries.
Audience
- Oil & gas company executives, business developers, analysts, finance and tax professionals
- Politicians and public servants
- Investors and financial sector professionals
- Lawyers and other professional service providers
- Managers and analysts of firms doing business with the petroleum industry
- Academia and civil society whose work may relate to international business
- Students of extractive resources and related disciplines
About the Authors
Eduardo G. Pereira has been active in the oil and gas industry for over 10 years and is an international expert on joint operating agreements. He has oil and gas practical experience in over 40 jurisdictions covering America, Europe, Africa and Asia. Dr. Pereira concluded his doctoral thesis on oil and gas joint ventures at the University of Aberdeen (Scotland). He conducted postdoctoral research at Oxford Institute for Energy Studies (University of Oxford, UK) and another postdoctoral research at the Scandinavian Institute of Maritime Law (University of Oslo, Norway). He is a professor of natural resources and energy law as a part-time, adjunct and/or visiting scholar in a number of leading academic institutions around the world. He is also a managing editor for the African Journal on Energy, Natural Resources and Environmental Law and an associate editor of OGEL. He is also the author and editor of several leading oil and gas textbooks.
Tonje P. Gormley has more than ten years of legal experience working with petroleum law and contracts. Since 2006 Gormley has worked with the Oil and Energy group at Arntzen de Besche law firm of Oslo, Norway. Additionally, she has experience as an in-house lawyer to an oil company operating at the Norwegian Continental Shelf, to an international seismic company and to the petroleum directorate of an Asian country.
Details
Type: eBook
Pages: 482
Published: April 2018
ISBN: 9781593706302
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