Alternative Dispute Resolution in International Petroleum Agreements: A Critical Analysis

Abstract

This article includes an analysis on Alternative Dispute Resolution (ADR) mechanisms available in international petroleum agreements. ADR is a formal mechanism that involves a structured process with a third-party overseer who, depending on the chosen method, may have the power to impose an outcome. This article aims to examine the different ADR mechanisms available to parties within the international agreements. This descriptive analysis is followed by critical evaluation, identifying the pitfalls and benefits of using such methods while resolving conflicts. The ADR methods are evaluated within themselves as well as being compared to the method of litigation in court. The article provides extensive details on international petroleum agreements with references being made to the petroleum industry’s needs and requirements. Stemming from the findings of the critical evaluation conducted between the diverse methods of dispute resolution; the article finishes with a comprehensive discussion highlighting the most beneficial ways of dealing with disputes within the international energy sector.

Keywords

• Alternative Dispute Resolution
• Legal Analysis
• International Petroleum Agreements

References

1. Dr Mohammad Hedayati-Kakhki Tutor in the Durham Law School [e-mail]
2. Dr Mike Adcock Assistant Professor in Durham Law School [e-mail]