The Canadian government, as a resource manager for the Northwest Territories' oil and gas resources, is at a crossroads — it has to decide how to manage the development of the oil and gas resources in the territory. A win-win development scenario would allow companies to earn fair returns on their investments while providing maximum benefit for resource owners today and in the future. With a view to achieving a win-win development scenario for oil and gas developments in the territory, this discussion paper reviews and evaluates the existing Frontier Lands Petroleum Royalty Regime; the system for awarding lease rights for oil and gas; and key opportunities for the Government of the Northwest Territories to capture revenue from oil and gas developments within the territory.

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