Notes From The Field - An English Law Perspective On The Oil
& Gas Market
The rapid recent growth in the scale of shale gas
exploitation in the United States has been revolutionary, with the
capacity to transform the country from a gas importer to a gas
exporter. Other countries with shale gas deposits have recognised
the potential and have been investigating their own opportunities
for exploration and exploitation. This is particularly so in the
United Kingdom, where recent government pronouncements have
propelled shale gas to the forefront of the energy agenda (but not
without some societal debate and disagreement about the wisdom of
doing so). The risk and the cost of developing a shale gas project
could compel project developers to band together to share the
burden, and the prospect of investing into such projects could also
be attractive to non-operational investors. Thus, a joint venture
could be created between the various interested parties, and the
terms of
