Appraising the Libyan Petroleum Agreements: A Comparative Analysis of Risk Factors & An Evaluation of their Effectiveness
Article from: OGEL 4 (2007), in Production Sharing Contracts
In this study the author comparatively evaluates the petroleum agreements in the Libyan upstream oil sector. Using a deterministic approach, he analyses the risks and rewards of these agreements for both the Libyan Government and the International Oil Companies (IOCs). The major factors which have determined investment in the Libyan upstream oil sector from the mid-1950s to the present are highlighted. The risk perceptions underlying investment decisions by the IOCs in the Libyan sedimentary basins are elucidated. These were effectively determined by their early ...