Lithuania: the Unitisation Becomes More Relevant
Article from: OGEL 2 (2007), in Unitisation and JDZs
Introduction
Generally, unitisation is defined as joint development of gas, oil or petroleum resources that straddle the area controlled by different companies or countries. By now, the deficiency of natural resources within the Republic of Lithuania and the fact that the natural resources available in our territory are most often concentrated in the business of a sole operator and a single country, have naturally decreased the need for unitisation regulation on the state level. However, it is noticeable, that the unitisation issue becomes increasingly important for Lithuania and other Baltic States, ...