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Mar 26, 2023
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GEDS 6320 - Promoting Sustainable Oil and Gas Projects: Petroleum Agreements, Regulations, and Economics Credit Hours: 3 Lecture Contact Hours: 3 Lab Contact Hours: 0 Prerequisite: None.
In-depth introduction to/analysis of commercial, fiscal and regulatory frameworks necessary for sharing risks and returns between companies and governments, promoting sustainable projects and operations. Topics may include: national laws, regulations, Codes of Conduct and Standards (industry-created/international), types of agreements and contracts; Concession Agreements, Production Sharing Agreements, fiscal terms /fiscal stability; international treaties; arbitration; project economics, economic rent and government take; capital costs (impacts on government); corruption and impacts of regulations, transparency and disclosure, and the roles of NGOs, World Bank, EITI and home country governments (impacts on investors and governments); sovereign wealth and stabilization funds; impacts of all above on company and government strategies, results for broader economic development.
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