Extra-Heavy Oil: Potential For More Int'l Disputes

Law360, New York (October 11, 2012, 1:46 PM EDT) -- The discovery and development of massive extra-heavy oil reserves over the past decades have dramatically altered the energy landscape: Venezuela now claims to hold the largest hydrocarbon reserves in the world, largely because of the Orinoco Belt’s extra-heavy crude deposits. Canada, meanwhile, has become the world’s sixth largest oil producer, thanks to the Athabasca oil sands. From a dispute standpoint, some of the most significant recent arbitral awards pertain to extra-heavy oil projects and operations.

Even though the largest portion of the extra-heavy crude produced today...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.