Tehran Institute for Advanced Studies (TeIAS)

/ Managing Hydrocarbon Resources: The North Sea Experience __ Eduardo G Pereira

Talk

Managing Hydrocarbon Resources: The North Sea Experience

February 27, 2018

Venue

Khatam University, Building No2.
Address: Mollasadra Blvd., North Shirazi St., East Daneshvar St., No.17. See location on Google map

+982189174612

Dr. Eduardo G Pereira

Professor of Energy Law and Senior Legal Advisor to Pasargad E&P

Overview

Norway and the UK started their North Sea exploration activities almost at the same time, and both countries adopted a license regime as basis for resource management. Nevertheless, the Norwegian and the UK resource management models also differ in many respects. A first and intermediate objective of this research project is to analyse the regulatory models for petroleum resource management, including the evolution of the license systems, in Norway and the UK as two neighboring and mature petroleum provinces. This analysis aims to make a contribution to understanding why and how the Norwegian and British Governments decided to develop their natural resources in the manner chosen. Furthermore, we believe that an analysis of the regulatory models for petroleum resource management in two important and mature petroleum provinces should in itself be of interest for petroleum law practitioners and academics. While the “Norwegian Model” generally appears to be a popular example, and to some extent an inspiration, for the development of new resource management models in emerging petroleum provinces, it is our general impression that the British model has been less commonly referred to as an example for the establishment of new models. This impression raises at least the following questions: (1) To what extent are the Norwegian and British models being applied as examples or bases for the the establishment of new petroleum resource management models within other jurisdictions? (2) To what extent are the Norwegian and British models suitable for replication within other jurisdictions and which precautions should be taken in replicating these models? The two questions set out above raise challenges that go far beyond the area of law. 

Biography

Eduardo G Pereira is a professor of Energy Law and Senior Legal Advisor to Pasargad E&P. He has been active in the oil and gas industry for more than 10 years and is an international expert on joint operating agreements. His experience in this area – both academic and practical – is extensive. He has practical experience in over 40 jurisdictions covering America, Europe, Africa and Asia. Dr. Pereira concluded his doctoral thesis on oil and gas joint ventures at the University of Aberdeen. He is a professor of natural resources and energy law at the Externado University of Colombia (Colombia), an adjunct professor of energy law at the University of Eastern Finland (Finland), visiting professor of energy law at the University of
Reykjavik (Iceland).