Strategic Options Available When Catastrophe Strikes the Major International Energy Project
Article from: OGEL 1 (2005), in Production Sharing Contracts
Introduction
Events that may have a major impact on an international energy company's overseas operations or revenues can happen unexpectedly, such as sabotage or an explosion, or gradually, such as disintegrating political relations or regulatory reform. In either case, there is no straightforward legal path for resolution of the problem. The key to a company's success will often be in the development of creative, multi-faceted strategies for handling the situation. There are many options available to U.S. companies for contesting the actions of foreign governments and government-owned companies and ...