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Part I, 3 Stability Based on Contract

From: International Energy Investment Law: The Pursuit of Stability (2nd Edition)

Peter D Cameron

From: Investment Claims (http://oxia.ouplaw.com). (c) Oxford University Press, 2022. All Rights Reserved. date: 30 September 2022

Stability of contract terms is … the lurking presence at all exploration and production negotiations and must be recognized and confronted by the parties before their deal is concluded.Roland Brown1 3.01 Energy investors’ early experiences with host states played an important role in shaping the approaches to long-term contract stability that are evident today. The failure of early stabilization clauses in petroleum contracts to act as a deterrent to nationalizations in the Middle East and North Africa led to the emergence of more pragmatically designed stability...
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