Petroleum Resource Management offers a thought-provoking examination of how countries manage their offshore petroleum resources by comparing the different approaches to licensing and regulation taken by Australia, Norway and the UK.Based on extensive research into their policies, licensing systems and resource management regulations, including interviews with government regulators and companies, John Chandler explores how these countries all face similar challenges as their offshore petroleum basins mature, including smaller discoveries, marginal production and ageing infrastructure. Identifying further challenges such as climate change and the increasing accountability in relation to sustainability and social issues, Chandler analyses how their petroleum policy, systems of regulation and regulators developed up to the present, and how they are responding to these challenges, as well as how they deal with exploration, development, infrastructure sharing and production.This timely and informative book will be essential reading for those in petroleum policy and governance, including petroleum lawyers, government officials, regulators and analysts. Academics and students on courses relating to petroleum regulation and the governance of resources will also benefit from this engaging book.

"This book on the Petroleum Resources addresses the challenges of transforming hydrocarbons that exist in underground, to valuable products that can be sold and delivered. It is intended for readers who have a professional or student interest in the petroleum industry, and a basic level of prior knowledge in the technical and commercial aspects of the industry. The goal of the book is to increase the reader's general understanding of key work processes in the "upstream" part of the petroleum industry; that is, the part of the industry that locates underground resources and converts them to valuable products."

Regulating Offshore Petroleum Resources examines the main regulatory characteristics of the Norwegian and the British models for petroleum exploration, production and supply. The authors explore to what extent these models are relevant for the design of regulatory models in countries with significant existing petroleum resources. The applicability of these regulatory models to countries with potential petroleum resources is also assessed.