Incentive Schemes in UK Oil and Gas - A Comment
Article from: OGEL 4 (2007), in Roundup of Articles
Introduction
How effective can an energy 'regulator' be in making the most of the assets it regulates? After all, good regulation is evidenced by a close tie-in of policy objectives with outcomes, based on the regulator's clear understanding of the issues involved and ability to respond appropriately to changing circumstances. In terms of the UK Continental Shelf, while the broad policy objectives may have remained similar for 20 years or so - towards maximising the economic recovery of oil and gas - the route to achieving them needed to adapt. The basin is mature, finds are smaller and in ...