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LAWS CONTROLLING THE PETROLEUM INDUSTRY

Chacrit Sitdhiwej

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PRINCIPLES OF THE CONTROL OF PETROLEUM INDUSTRY

private law administrative law

the rule of law

contracts hybrid laws

licensing:
concessions criminal law
product sharing contracts
service contracts

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PETROLEUM RESERVES: PRMS CLASSIFICATION
** World Petroleum Councils PRMS: Petroleum Resources Management System
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* PIIP: petroleum initially in-place 3

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PETROLEUM VALUE CHAIN

upstream: exploration, field development,

production operation

midstream: transportation, processing,

storage & distribution

downstream: manufacturing, refining &

petrochemical, wholesale & marketing

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chacrit.wordpress.com facebook.com/schacrit
LAWS CONTROLLING THE PETROLEUM INDUSTRY

upstream: exploration, field development,

production operation

midstream: transportation, processing,

storage & distribution

downstream: manufacturing, refining &

petrochemical, wholesale & marketing

Image courtesy: goo.gl/oEfrnf

chacrit.wordpress.com facebook.com/schacrit
LAWS CONTROLLING THE PETROLEUM INDUSTRY

upstream:

midstream:

downstream:

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chacrit.wordpress.com facebook.com/schacrit