Professor Alex Kemp participated at a major OECD conference in Paris on 31st January - 1st February. The theme of the conference was Policy Dialogue on Natural Resource-Based Development. It was attended by delegates from Governments, academia, and industry from many countries around the world.
Professor Kemp was a speaker in the session entitled Structuring Extractive Contracts for the Long Term: Guiding Principles for Durable Extractive Contracts. He discussed the key characteristics of conditions, a responsive fiscal regime in reaction to changing market conditions, highlighted how fiscal devices and profit-sharing arrangements in the petroleum industry can best be designed to procure contract stability in the context of a volatile market environment. His presentation included examples from the contract terms in several oil and gas producing countries.