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Application of Norwegian and Russian Legislative Basis during Collaborative Development of Transboundary Hydrocarbon Fields

N. Smirnova *, A. Cherepovitsyn and A. Ilinova

European Research Studies Journal, 2018, vol. XXI, issue Special 2, 434 - 441

Abstract: The article deals with the investigation of legal and regulatory aspects for the development of transboundary oil and gas fields by Russia and Norway. A detailed analysis has been conducted on the Treaty between the Russian Federation and the Kingdom of Norway concerning maritime delimitation and cooperation in the Barents Sea and the Arctic Ocean in terms of its contents, legal obligations of the parties, and terms in use. The conceptual framework has been studied; Russian and Norwegian experience of development of different kinds of transboundary production fields has been described. A review on Russian and Norwegian legislation regarding the development of such fields has been presented. As a result, conclusions have been made and recommendations have been given on improvement of the legislation of the Russian Federation when developing transboundary hydrocarbon fields taking into account Russian and Norwegian experience.

Keywords: Legislation; transboundary production fields; oil and gas; unitization; governmental regulation; Russian Federation; The Kingdom of Norway; Barents Sea. (search for similar items in EconPapers)
JEL-codes: F53 Q35 R52 (search for similar items in EconPapers)
Date: 2018
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xxi:y:2018:i:special2:p:434-441

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