Module Code: CP51005 Module Title: International Petroleum Law and Policy Instructions: Read carefully the general instructions provided for completion of this assessment. Answer ONLY FOUR questions out of EIGHT All questions have equal marks. Max word count per answer is 800, for a total of 3000 words, including citations/footnotes. The total marks allocated for this examination is 100 marks. The contribution of this exam result to the final mark for the module is 60 per cent. Always read the question carefully and answer the question asked. Marks will be awarded on the basis of quality of content, structure, analysis, relevance of the answers to the question and substantiation of the same using academic references. No extra credit will be given for extra answers and the required number of answers will be marked on a first-come- first-served basis. Remember that the answers in the essay must be your own work and you must work on them alone. The Universitys Code of Practice on Plagiarism & Academic Dishonesty/Academic Misconduct still applies, see the guidance (including additional guidance for current situation) available at: https://www.dundee.ac.uk/governance/dca/discipline/plagiarism 1. What are the main features of stabilization clauses in international hydrocarbons contracts between a host state and an investor: are the arguments against these clauses justified or without merit? 2. After using a PSC or a concession/licence, why might a government with declining resources feel that it is time to experiment with new forms of petroleum agreements and what areas are likely to be its focus for change? 3. The principles in the Paris Agreement imply an increase in the regulatory activities of states (even if they are rather uncertain) and so do various national initiatives to mitigate climate change. What impacts, if any, do you envisage them having on the international oil and gas industry? 4. If disagreements or changed circumstances occur in the operation of a long-term gas sale and purchase agreement, how might these be addressed? Provide some examples in your answer. 5. Describe the main features of a JOA and identify the possible sources of conflict in its operation. How might they be addressed? 6. Consider the advantages and disadvantages of signing up to the Energy Charter Treaty. If you are advising the government of a country that has just discovered substantial reserves of hydrocarbons, how would you advise your minister? 7. What scope is left to a government in designing a decommissioning regime for hydrocarbons installations and structures after it has followed the few international requirements on this subject? Set out five priorities for national governments in designing a decommissioning regime. 8. What are the advantages and disadvantages of using models such as the AIPN ones in drafting agreements? Consider at least TWO kinds of agreement in your answer.
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