The Future of Contracts in the Energy Sector: A Legal Analysis of Smart Contracts within the Oil Industry

Teresa De Jesus Candeias

MPRA Paper from University Library of Munich, Germany

Abstract: This paper investigates the legal challenges and potentialities arising from the implementation of smart contracts and blockchain technology in the oil industry. The research analyzes how these instruments may contribute to enhancing transparency, efficiency, and promptness in access to commercial data, as well as to simplifying regulatory compliance processes. Nevertheless, the study also examines the inherent limitations and risks of their adoption, including difficulties in contractual interpretation, the rigidity of pre-programmed rules, incompatibility with open-ended clauses, and the challenge of adapting to unforeseen circumstances.

Keywords: Smartcontracts; Blockchain; Oil Industry; Petroleum Contracts; Upstream (search for similar items in EconPapers)
JEL-codes: K12 K22 K23 K3 L71 (search for similar items in EconPapers)
Date: 2026-01-21, Revised 2026-01-21
References: Add references at CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/127802/1/MPRA_paper_127802.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:127802

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().