Economic and Institutional Fundamentals of International Cooperation in Oil-and-Gas Resources Development on the Continental Shelf

2012 ◽  
pp. 327-394
Author(s):  
Alexey L. Piskarev ◽  
Mikhail Yu. Shkatov
Keyword(s):  
Continental Shelf ◽  
International Cooperation ◽  
Oil And Gas ◽  
Oil And Gas Resources ◽  
Resources Development

scholarly journals PENGATURAN SUMBER DAYA ALAM DI LANDAS KONTINEN SEHUBUNGAN DENGAN BERLAKUNYA KONVENSI HUKUM LAUT PBB 1982 KHUSUSNYA BAGI INDONESIA

Jurnal Hukum ◽  
1970 ◽  
Vol 25 (1) ◽  
pp. 516
Author(s):  
Munsharif Abdul Chalim
Keyword(s):  
Natural Resources ◽  
Continental Shelf ◽  
International Law ◽  
Oil And Gas ◽  
Mineral Resources ◽  
Law Of The Sea ◽  
The World ◽  
Oil And Gas Resources ◽  
United Nations Convention ◽  
Shelf Region

Continental shelf is a relatively new concept in international law of the sea. Full authority and exclusive rights over natural resources located in the continental shelf region and its ownership is on the coastal state, where the meaning of this natural wealth is a source of minerals and other lifeless on the seabed and subsoil. Through the establishment of the United Nations Convention on the Law of the Sea 1982, as well as enactment of the provisions of the New Law of the Sea, Indonesia is an archipelagic state which is seen as a unified whole between the islands and waters. We realized the sea was rich in minerals mining goods that is priceless natural resources, which is expected to be able to fulfill the needs of the world if mineral resources on land are not sufficient or run out completely. In Indonesia, mostly consisting of ocean territory, surely have the very wide continental shelf, where there is a variety of natural resources, especially oil and gas resources. Hence it needs regulation for the natural resources utilization in the region.Keywords :  Continental Shelf, Natural Resources, Seabed and Subsoil.

scholarly journals Efficiency Assessment of Economic International Cooperation in Development of Arctic Offshore Oil and Gas Resources

2015 ◽  
pp. 128-136
Author(s):  
P. V. Beresneva
Keyword(s):  
Public Policy ◽  
International Cooperation ◽  
Net Present Value ◽  
Oil And Gas ◽  
Technology Development ◽  
Cash Flows ◽  
Oil And Gas Resources ◽  
Offshore Oil And Gas ◽  
Definition Of ◽  
Offshore Oil

The research is focused on efficiency assessment of economic cooperation in development of Arctic offshore oil and gas resources. The author developed an economic model based on cost-benefit analysis (CBA). CBA is used in some countries (EU, USA, Australia) as an analytic tool to make public policy decisions. CBA is based on the method of discounting cash flows associated with costs and benefits of public policy. It is assumed that all public goals are equally important inter alia, hence public bodies should opt for those initiatives that maximize public benefits for every dollar spent from the state budget. There are five stages of economic modeling: 1) the definition of public benefits and costs associated with the public initiative; 2) monetary valuation of costs and benefits; 3) the definition of discounting period and discounting rate; 4) the calculation of net present value of cash flows; 5) the comparison of initiatives' net present values. The model is built with a number of hypotheses assumed. It allows making evaluation of investments into the technology to decrease the cost of Arctic offshore oil and gas development. Moreover, the model has two scenarios describing a public policy to support technology development with international economic cooperation and without it. Under given hypotheses both scenarios return positive net present value of policies which proves that governmental initiative to support Arctic technology development is economically justified. Also the model sows that the scenario with international cooperation is more efficient from economic point of view. It is explained by two factors: the higher speed of technology transfer (due W international cooperation) and the opportunity to use financial leverage (attracting the funds from foreign partners). The model allows closing the existing scientific gap between the theory of CBA method and its practical use in public decision making.

scholarly journals Who owns the Nigerian offshore seabed: federal or states? An examination of the Attorney General of the Federation v. Attorney General of Abia State & 35 Ors Case

2005 ◽  
Vol 49 (1) ◽  
pp. 73-93 ◽  
Author(s):  
Edwin Egede
Keyword(s):  
Continental Shelf ◽  
Supreme Court ◽  
Federal Republic ◽  
Federal Government ◽  
Oil And Gas ◽  
Attorney General ◽  
Exclusive Economic Zone ◽  
The Supreme Court ◽  
Derivation Formula ◽  
Oil And Gas Resources

The decision of the Nigerian Supreme Court in the case of the Attorney General of the Federation v. the Attorney General of Abia State & 35 Ors. was delivered on 5 April, 2002 in respect of the proviso to section 162(2) of the 1999 Constitution of the Federal Republic of Nigeria, which incorporates what is popularly known in Nigeria as the “derivation formula”. It brought to the forefront the need to determine (especially as regards revenue derived from the oil and gas resources) whether the offshore bed of the territorial sea, exclusive economic zone and continental shelf of Nigeria should be regarded as part of the littoral states of the federation or not? This article critically examines the decision of the Supreme Court as it relates to the “ownership” of the offshore seabed as between the federal Government and the littoral states in the Federal Republic of Nigeria.

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