Petroleum exploration and production rights
Subtitle: allocation strategies and design issues
By: Silvana Tordo ; with the collaboration of David Johnston and Daniel Johnston.
Contributors: Johnston, David, 1950 Aug. 28-; Johnston, Daniel.; World Bank.
Publisher: World Bank
Published: 2009
Place of publication: Washington, D.C
Language: eng
Number of pages: 106
ISBN-13: 9780821381670; 9780821381687
Subjects: Petroleum industry and trade; Petroleum -- Prospecting
Description: "This paper analyzes the available evidence on the advantages and disadvantages of various systems used by petroleum-producing countries to allocate petroleum exploration, development, and production rights, and considers the policy implications of each system. The experience of six petroluem-producing counties is presented in detail and numerous other examples are provided to derive lessons of wider applicability. The paper presents various conditions for policy makers about the optimal design of allocation systems."--Jacket.
Notes: Includes bibliographical references.