The Function And Aims Of Stabilisation Clauses In Petroleum Contracts

The Origin and Evolution of Stabilisation Clauses in Petroleum ContractsEvaluate the function and aims of stabilisation clauses and comment on how they seek to achieve the stability that parties’ desire.
The foreign investor who tends to participate in the international petroleum industry is typically a long term investor due to capital intensive nature of the underlying industry.  Such ventures are vulnerable on account of any…