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agree American application arbitration Article barrels breach choice of law claims clause coal commercial common law compensation concession continental shelf contract contractor Convention corporation costs countertrade crude oil damages decision developing countries dispute doctrine domestic drilling economic effect Energy entitled environmental exploration export expropriation farmout federal fiduciary financing foreign forum non conveniens granted host country industry Int'l interest international law investment Iran issues Joint Operating Agreements joint venture jurisdiction land lease liability Libyan license ment Mexico mineral mining multinational Murray Islands native title natural gas natural resources negotiations North Sea obligation offshore oil and gas oil companies OPEC ownership participation parties payment PEMEX PERTAMINA plaintiffs principles production sharing provides regulations reserves reservoir risk rules sovereign sovereign immunity sovereignty specific territory tion tional trade transactions treaty World