Best practice in license allocation in the oil and gas industry: a review of five countries

Cillari, Azzurra, Stephens, Siân ORCID logoORCID: and Werner, Andrea ORCID logoORCID: (2021) Best practice in license allocation in the oil and gas industry: a review of five countries. Resources Policy, 74 , 102296. pp. 1-9. ISSN 0301-4207 [Article] (doi:10.1016/j.resourpol.2021.102296)

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The implementation of good practice in the natural resource management processes is crucial to the economic development of many countries. Well managed resources can bring high financial rewards and benefit the entire country, while poor resource management can lead to severe social and economic consequences. The allocation of licenses for the exploration and development of the natural resources is of particular importance in establishing good management and ensuring the accrual of benefits to the country. In this paper we identify an analytic framework for establishing the most suitable license allocation approach in any context, and apply this to five case studies. From this application we draw conclusions regarding best practice and identify the policy implications of this discussion.

Item Type: Article
Keywords (uncontrolled): Licensing policy, License round, Natural resource, Oil and gas exploration
Research Areas: A. > Business School
Item ID: 33826
Notes on copyright: © 2021. This manuscript version is made available under the CC-BY-NC-ND 4.0 license
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Depositing User: Sian Stephens
Date Deposited: 13 Sep 2021 11:26
Last Modified: 26 Feb 2023 04:04

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