The Offshore Petroleum Regulatory Frameworks of Australia and Norway
Article from: OGEL 4 (2010), in Upstream Petroleum Regulation incl. Host Government Contracts
Introduction
When examining and comparing Norwegian and Australian petroleum legislation and regulation, parallels exist between petroleum regulation in both jurisdictions, since each have common internalised functions. In particular, this includes a petroleum legislative framework that comprises acts, regulations, and administrative guidelines in each jurisdiction. Both countries award petroleum licences to participants, and may also stipulate conditions for the award of petroleum licences. Although Norway uses the North Sea model, and Australia the North American model, both ...