From Tradition to Modernity: Not Necessarily an Evolution - The Case of Stabilisation and Renegotiation Clauses
Article from: OGEL 1 (2011), in Upstream Petroleum Regulation incl. Host Government Contracts
Investment contracts for natural resources exploitation, mainly in the oil and gas sector, present very particular features in comparison to other international investment contracts. The first feature is their long term character: the activities of the investor in the host country, from exploration to the development and finally decommissioning, can only be performed over a very long period of time. The second feature is that they are capital intensive contracts. Investment contracts in the oil and gas exploitation industry demand a high financial effort from the ...