Decommissioning

Decommissioning

Spindletop understands the international law relating to the decommissioning at Sea of offshore facilities and can advise Regulators or Operators of their obligations under the UN’s Law of the Sea, regional instruments such as OSPAR, and how those obligations should be reflected in domestic legislation.

We also have a wealth of experience in the negotiation of decommissioning security agreements either as part of a collaborative JV activity or at short notice in order to secure a consent to transfer. We provided input to Oil & Gas UK’s Decommissioning Security Agreement template and participated in Oil & Gas UK’s Economics committee that shepherded in the UK’s commitment to deliver certainty to the industry by the execution by the Government of Decommissioning Relief Deeds.

See:

Decommissioning:  A Comparative Analysis of the UK and New Zealand regulatory frameworks – presentation to New Zealand Regulators 2015

The UK Decommissioning Security Agreement – Securing the Future Today