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COMMENT: It's time for a fresh look at the license to operate

04/26/2010
Adapted from a speech to the International Breakfast of the Gas Processors Association annual convention Mar. 22 in Austin.There is more to relationships than the legalities on which they may be based. The international oil and gas industry was acknowledging that reality in the late 1990s when companies began to talk about the license to operate.By "license to operate," the companies meant something beyond the production-sharing contracts that producers sign with host-country governments, or the EPC contracts engineering firms sign to build plants in countries not their own."License to operate" means not just legal permission to perform specified work but social sancti...
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