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Nov 19
As Assessment of the Deep Offshore and Inland Basin Production Sharing Contacts Amendment Bill 2019
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Once a host country is considered rich in hydrocarbons, investors involved in upstream petroleum operations then become concerned about a number of other critical issues.
Chief amongst these issues are, investors’ rights to monetize investment(s), stability of the legal and contractual regimes together with the enforceability of their rights. These issues have been referred to, broadly, as the Security of Investments for Upstream Operations.1 Thus, upstream oil and gas investors consider these issues as key aspects of every contractual and legal regime when investing in upstream activities or operations.