A Report on the June Workshop of the Institute for Transnational Arbitration
Article from: OGEL 1 (2005), in Production Sharing Contracts
This two-part report on the workshop that the Institute for Transnational Arbitration held in June 2000 is a mock-arbitration scenario involving a fictional dispute between a United States oil company and the national oil company of a civil-law island-nation in Asia. The two parties signed a twenty year production sharing agreement, providing that the oil company would explore and drill for oil and if commercial production occurred, the national oil company would be entitled to 30% of the profit of the oil in excess of the oil company's cost recovery. The scenarios and the commentaries ...