Petroleum Legislation and Regulations

Overview


Petroleum sector projects are complex, high-risk investments which require a carefully drafted regulatory framework that combines sustainable economic development for the host states as owners of the resource with guarantees and incentives to investors asked to risk their capital in these projects.

Petroleum sector legislation operates with fiscal legislation and foreign investment law. This topic overview explains the hierarchy of petroleum law in exploration and production stages, and how the national and sub-national levels interface with international law instruments. It is split according to the following chapters: