New Developments in the Bolivian Hydrocarbons Legal System: First Unitization Regulation Enacted
Article from: OGEL 2 (2007), in Unitisation and JDZs
To provide OGEL readers with a brief outlook on the new Bolivian unitization regulation enacted recently, we provide a short description of its structure and contents. Some comments are found at the end of this short article. Much of Bolivian oil and gas regulations date back to 1996/7. A unitization regulation was initially part of these, but its enactment was delayed. As a result, unitization was mentioned in some previous norms (e.g. the regulation that approves Technical Norms for Exploration and Production, Supreme Decree N°24,689), and in the Shared Risk Contract (Exhibit ...