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This volume is intended to serve as a practical reference for attorneys working in the oil and gas field, whether they are in private practice, in-house at energy companies, in government service or in academia.
The Oil & Gas Law Review is divided into 29 chapters, each covering a different jurisdiction. In selecting the jurisdictions to be covered by this volume, we have tried to ensure that our coverage is as broad as possible, with representation across most of the major producing regions.
Among the most exciting legal developments in the oil and gas space in recent years relate to jurisdictions that have newly opened up to foreign investment, whether through the discovery of new producing basins in regions that previously had no significant oil and gas activity or through legal changes in jurisdictions that had previously been closed to foreign investment.
Among the jurisdictions with newly-discovered petroleum reserves, I should mention Israel and Mozambique. Hardly on the radar screen a few years ago, recent offshore discoveries in those jurisdictions promise to be transformational, and each of these jurisdictions continues to develop its legal regime in order to adapt to fast moving developments.
Established jurisdictions have seen significant developments as well. For example, Norway had new tax rates come into effect, while the implementation of the recommendations of the UK’s Wood Review promises to have a significant impact on operator’s in the UK’s North Sea. On the other hand, Nigeria’s long-awaited Petroleum Industry Bill still awaits passage. Perhaps it can be covered in a future edition of this volume.