Chapter

Models for State Ownership on the Norwegian Continental Shelf

Ulf Hammer

in Property and the Law in Energy and Natural Resources

Published in print February 2010 | ISBN: 9780199579853
Published online May 2010 | e-ISBN: 9780191722745 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199579853.003.0008
 							Models for State Ownership on the Norwegian Continental Shelf

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Since the early 1970s, state ownership has been an important element in the management of petroleum resources on the Norwegian Continental Shelf (NCS). In recent years however, important developments have taken place, both as regards the organization and the management of state ownership. This chapter analyses these developments. Section I makes a basic distinction between state ownership of subsea petroleum deposits and state ownership of licence interests. Section II discusses state ownership of the subsea petroleum deposits. Section III discusses how the state manages its ownership in the petroleum activities, i.e. exploration, production, transport, and eventually, abandonment. Section IV further analyses how the state manages its licence interests through the state company Petoro; Section V concludes.

Keywords: state ownership; property rights; petroleum resources; Norwegian Continental Shelf

Chapter.  3255 words. 

Subjects: Public International Law

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