Regulatory Framework Effects in the Recovery Factor, A New Approach from the Competition Concentration Analysis O&G Sector, Comparative Case Norway and Colombia 2000-2016

Abstract

This study shows that measures to reduce concentration in hydrocarbon markets should be considered and added and regulatory options must be addressed to provide incentives and avoid and / or reduce the impact of the concentration on competitiveness deficiencies for the efficiency of recovery of oil fields in the long-run. The authors approach the theme of the curse of natural resources and the Regulatory Framework Effects in the Recovery Factor from the hydrocarbons and its economic incentives for Norway and Colombia with some of the particularities of Tax burden, Legal Framework and Structure of the Sector, addressing an analysis and comparison of measures of hydrocarbons market concentration for its Downstream, Midstream and Upstream of both countries emphasizing the particularities in the Regulation of access to the Pipeline System obtaining Results, Observations, Conclusions and Recommendations for Colombia, Norway and in general to economies exposed to hydrocarbon sectors with national state companies.