The Offshore Petroleum Licensing Regimes of Australia and the United Kingdom
Article from: OGEL 6 (2011), in Comparative Energy Law
Abstract
The offshore areas of Australia and the UK have had a long history of petroleum development. Despite the shared history of the two countries, the regulatory framework for the granting of offshore petroleum licences is vastly different. This paper examines the differences and similarities between the licensing regimes of the two countries. In particular, the paper will focus on 1) the division of the offshore areas; 2) the administration of the offshore areas; 3) the bidding process; 4) the terms and conditions of the offshore petroleum titles. It is argued that despite the differences, ...