Legal Aspects of Oil & Gas Management

| July 23, 2016

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Legal Aspects of Oil & Gas Management

 

Background

 

“Concerned of any future policy reversal measure that may put at risk the terms of investment agreements, investors in the oil sector often seek guarantee, contractual or otherwise. The need to address such fears thus saw the proliferation of stabilisation clauses in oil and gas contracts. These clauses are believed to maintain the stability of the terms that were originally agreed upon. In particular, the fiscal regime aspect of the agreement is at the heart of such clauses.”

 

Assignment Task

 

With respect to the quotation above, evaluate the function and aims of stabilisation clauses and comment on how they seek to achieve the stability that parties’ desire.

 

Criteria

 

  • Demonstrate a good understanding of the substantive rules of international law applicable to the oil and gas industry
  • Evaluate the key principles of contract formation in international commercial transactions and key international law principles and trends in the oil and gas sector
  • Assess the effectiveness of international law in addressing the environmental impact of oil exploration and exploitation

 

  • Rigorous use of the Harvard Methodology for citation and referencing; page numbering; correct display of direct quotations.

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