Decommissioning Offshore Installations: International, Regional and Domestic Legal Regimes in the Light of Emergent Commercial, Political, Environmental and Fiscal Concerns
Article from: OGEL 2 (2018), in Decommissioning
Summary
This paper reviews international and regional obligations in relation to the decommissioning of offshore oil and gas installations with a view to considering the strength of the arguments now being aired in favour of their relaxation. The conclusions drawn indicate that the situation is more complex than policy makers have perhaps assumed, but that political realities make substantial change difficult to achieve. The extent to which environmental protection will trump cost, fiscal and energy security concerns remains to be seen. However, one paradoxical possibility is that the current ...