The document discusses various aspects of controlling the petroleum industry, including the upstream, midstream, and downstream segments of the petroleum value chain. It also examines different types of licensing agreements governments use with petroleum companies, such as concessions, product-sharing contracts, and service contracts. Each contract allocates different levels of risk and reward between the government and petroleum companies. The document also reviews key legal principles around contracts, obligations, and different areas of law that govern relationships in the petroleum industry.
42. 16
sustainable development
principle of inter-generation equity
international environmental law principles
environmental law as a requirement for
good governance and management
55. 20
international environmental law principles
permanent sovereignty over natural resources and
concomitant obligation to prevent transboundary harm
56. 20
international environmental law principles
permanent sovereignty over natural resources and
concomitant obligation to prevent transboundary harm
precautionary principle
57. 20
international environmental law principles
permanent sovereignty over natural resources and
concomitant obligation to prevent transboundary harm
precautionary principle principle of cooperation
58. 20
international environmental law principles
permanent sovereignty over natural resources and
concomitant obligation to prevent transboundary harm
precautionary principle principle of cooperation
principle of sustainable development
59. 20
international environmental law principles
permanent sovereignty over natural resources and
concomitant obligation to prevent transboundary harm
precautionary principle principle of cooperation
principle of sustainable development polluter-pays principle
60. 20
international environmental law principles
permanent sovereignty over natural resources and
concomitant obligation to prevent transboundary harm
precautionary principle principle of cooperation
principle of sustainable development polluter-pays principle
principle of common but differentiated responsibility
63. 21
environmental law as a requirement for
good governance and management
environmental law is a core component of good
environmental management and governance
64. 21
environmental law as a requirement for
good governance and management
environmental law is a core component of good
environmental management and governance
elements of good governance:
• government institutions
• laws and policies (pollution laws, planning laws,
conservation laws
• building the environmental infrastructure
• education
• enforcement and implementation
• funding