Designing Petroleum Contracts and Emerging Principles of International Law
Article from: OGEL 5 (2004), in Environmental, Social and Governance (ESG)
Introduction
Presenation held during the 11th Annual Africa Upstream 2004, 8 October 2004 Until very recently, the role of an international lawyer advising on the investment and participation in oil and gas projects entailed advising on the contractual terms and the nature and effect of the local laws of the host country. The law of the country of incorporation of the international oil company ("IOC") was also an important consideration although this was primarily limited to matters of overall structure, taxation and cost allowances. The key issue was (and is) to ensure the IOC has ...