When examining and comparing Norwegian and Australian petroleum legislation and regulation, parallels exist between petroleum regulation in both jurisdictions, since each have common internalised functions. In particular, this includes a petroleum legislative framework that comprises acts, regulations, and administrative guidelines in each jurisdiction.
Both countries award petroleum licences to participants, and may also stipulate conditions for the award of petroleum licences. Although Norway uses the North Sea model, and Australia the North American model, both jurisdictions use the award of petroleum licences in formal licensing rounds to establish and maintain a relationship between the State and the oil companies during the exploitation of petroleum resources. In addition, there are administrative provisions in each jurisdiction for the allocation of petroleum licences outside of these formal licensing rounds.
This paper provides a descriptive overview of the regulation of petroleum activities in Australia and Norway, covering the legal framework, joint venture arrangements, and the decommissioning of petroleum structures.
Available at: http://works.bepress.com/tina_hunter1/32/