Upstream Petroleum Concessions: Evolution for the Energy Transition

Author: Peter Roberts

ISBN: 9780198951438
Published: October 2025
Format: Hardback, 232 pages
Language: English
Publisher: Oxford University Press

For more than seventy years, upstream petroleum concessions have been the main contractual tool used by states to attract investment for exploration and production. As governments commit to net zero targets, these concession models are under unprecedented pressure to adapt. This book analyses how upstream petroleum concessions are structured, granted and managed, and how they can evolve to accommodate the energy transition, examining the interaction between concession forms and climate policy.

Contents: Part A — Concessions and the Energy Transition; Part B — The Terms of a Concession (scope, duration, investor obligations, fiscal terms); Part C — Evolving Concessions and Sector Developments (modifying concessions, promoting gas production, the national oil company).

Where can I buy Upstream Petroleum Concessions: Evolution for the Energy Transition?

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Q&A

Who is this book for?
Energy lawyers, oil and gas practitioners, government officials and petroleum regulators.

What core tension does it examine?
How traditional concession models must adapt as states commit to net zero targets and reconsider oil and gas development.

What practical terms does it cover?
Scope, duration, investor obligations, fiscal terms and constitutional provisions of concession agreements.

Does it address the national oil company?
Yes, including how concessions can promote the role of national oil companies.

Who is the author?
Peter Roberts, a solicitor with more than three decades of experience advising governments and investors on upstream projects.

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