Shale: a guide to tailoring legislation, SPAs, farm-in agreements and JOAs in developing basins
This paper aims to provide governments, developers and investors with: an understanding of current regulatory and contractual practice in the UK and elsewhere; and a perspective on: (a) regulatory changes; and (b) contractual arrangements needed, to facilitate new unconventional developments in unconventional basins.
This paper is structured so as to analyse the UK experience before applying it, and other lessons learned globally, as follows:
• UK — the story so far; and UK — next steps.
• Unconventional developments — characteristics;
• Licence / concession issues (including a UK case study);
• Sale and purchase/farm-in issues; and
• Joint operating agreements…
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