Business Cases

Business Cases

Permitting Foreign Ownership of Vital Scarce Natural Resources

The development of positive Law of the environment is based on a representation of the written law where states see it as a condition of national unity and the expression of a formulation necessary for economic development. Either, but lawmakers cling to logic and foundations of Western law by taking a mimicry of foreign legal thinking view them as a kind of universal model. Research in legal anthropology overcomes a technician analysis of law where laws and regulations are presented outside the social context in which they are to apply. Building an environmental law that is truly more effective apparent requires taking into account the socio-economic realities and types of reports society / nature of each region. Thus, the goal of law applicable to the environment requires innovations to both meet the constraints of environmental public policy influenced by international agencies and donors, and legitimation by local actors to national law.

Legal aspects of environmental management are available in practice by an articulation between the spaces of power and modes of intervention on the environment. Land issues involved particularly well. However, the restriction of land relations to the relations reflect insufficiently grounded and partially the real scope of human actions on the environment, the search for environmental management must necessarily integrate. That is why it seems necessary to consider also the relation of man to the resource and space. The study of the combination of background, as a carrier, and the area used to achieve a combination of rights on space, resource, and ecosystem. This form of play can encourage reflection on a diet containing the dual-space living environment and not based on ownership of the background (Homer-Dixon, 2010).

CNOOC's Investment in Chesapeake

Chesapeake Energy Corporation (Chesapeake", NYSE: CHK) and CNOOC Limited (NYSE: CEO, SEHK: 00883) announced the signing of an agreement whereby CNOOC International Limited, a wholly owned subsidiary of CNOOC Limited, acquire an undivided 33.3% interest in 600,000 net lease oil and gas held by Chesapeake in the Eagle Ford Shale project in South Texas acres. As operator of the project, Chesapeake will perform all activities of leasing, drilling, completion, operations and marketing of the project. Over the next few decades, the companies plan to develop net resource potential before unproven 4 billion barrels of oil equivalent risk (after deducting an assumed average royalty burden of 25%).

Chesapeake currently has 10 rigs to develop its project Leasing and Eagle Ford, with the additional capital from CNOOC Limited, it anticipates increasing its drilling activity to approximately 12 facilities by the end of 2013, 31 by the end of 2011 and 40 by the end of 2013. Nearly 900 wells should be drilled. Chesapeake currently has 10 horizontal wells in operation at Eagle Ford, whose initial production rates reach up to 1,160 barrels of oil and 0.4 million cubic feet of natural gas per day in the oil window and 4.0 million cubic feet of natural gas and 1,200 barrels of oil per day ...