Document Type : Research Paper

Authors

Abstract

The decommissioning of offshore oil and gas installations is considered as
one of the most complicated problems of our time, that comprises broad legal,
economic, political and environmental issues. Although such factors have
always been important in oil and gas industry, but with the decline of production
from oil and gas fields since mid 1980s it has turned into a serious challenge for
the oil companies and states. This paper seeks to identify the challenges faced by
the oil and gas industry regarding the issue of decommissioning of offshore oil
and gas installations, and furthermore to identify the regional and international
applicable law on decommissioning and their efficiency. The paper concludes
that the existing international regulations lack the required consistency and
efficiency. Moreover, currently integration or formation of customary
international law concerning decommissioning of offshore oil and gas
installations would be impossible due to lack of necessary basis for the creation
of such rule.

Keywords

 
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