Developing offshore petroleum to meet socio-economic objectives: Lessons from Australia, Norway and the United Kingdom

Developing offshore petroleum to meet socio-economic objectives: Lessons from Australia, Norway and the United Kingdom

•Offshore petroleum licensing regimes are focused on development.•They give limited consideration to securing socio-economic benefits.•Evolved regulatory regimes like Norway reduce waste and increase the state's return.•Improving socio-economic benefits requires clearer policy and regulatory ob...

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Veröffentlicht in:Energy policy 2020-09, Vol.144, p.111618, Article 111618
1. Verfasser: Chandler, John A.P.
Format: Artikel
Sprache:eng
Schlagworte:
Energy
Offshore
Petroleum
Regulation
Socio-economic
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Beschreibung
Zusammenfassung:•Offshore petroleum licensing regimes are focused on development.•They give limited consideration to securing socio-economic benefits.•Evolved regulatory regimes like Norway reduce waste and increase the state's return.•Improving socio-economic benefits requires clearer policy and regulatory objectives.•Similar considerations apply to alternative energy policy.
ISSN:0301-4215
1873-6777
DOI:10.1016/j.enpol.2020.111618