No abstract

The international energy companies often find the most attractive oil and gas prospects to be located in countries where the risk of expropriation, whether full or partial, looms on the horizon. Although the epicenter of recent expropriations has been Latin America, expropriation risk is certainly not limited to that region. As new resources are discovered in new parts of the globe, many nations are for the first time experiencing major oil and gas operations within their borders. Given the right political and social atmosphere and the rising value of hydrocarbons, any of these nations could become the next expropriator.