Energy Decommissioning: Old Assets, New Challenges - on a Global Scale
5 Jun
09:00 - 10:30
The assets may be old, but many of the challenges are entirely new. In the United Kingdom alone, the dismantling of North Sea oil and gas infrastructure is estimated to cost approximately £24.6 billion through to 2033. That cost will be incurred at a time when income from the assets being decommissioned has ceased. Although the maturity of the United Kingdom basin means that the UK is at the forefront of the decommissioning cycle, decommissioning is not just an issue in the UK. It is also relevant to oil and gas operations across the globe, where the legal position may be relatively undeveloped. Accompanied by legal and technical experts, our panel discussion will explore the potential sources for disputes in the area of energy sector decommissioning – ranging across disputes with regulators/governments, disputes with joint venture partners and disputes throughout the supply chain.
Speakers
- Phillip Ashley, Partner - CMS
- Michael Fealy KC - One Essex Court
- Valerie Allan, Partner - CMS
- Stuart Amor, Senior Managing Director - FTI Consulting
Members Hosts
- CMS
- One Essex Court
