Petroleum exploration in a resource management perspective

Abstract

There is a need for positive interplay among the various actors in exploration. The licensees have an important role, but the host country's role in managing the assessment of the resources is equally important in promoting effective exploration. Selection of an appropriate concession policy is the main tool for the development of the host country's enterprising capacity both within and outside the petroleum sector. Some of the most important aspects of concession policy are reviewed, with reference to the Norwegian experience as an illustration. The development of infrastructure and institutional development in the country are major elements in resource management in as far as promoting a positive development in the country's enterprising capacity. It is therefore important that licensing as the cardinal element in exploration is implemented within a total resource management strategy.