Decommissioning in the United Kingdom Continental Shelf: Net Costs and Net Value Disputes

    View Author June 2016

    Against a backdrop of practical co-operation, disputes about the calculation of the amount of decommissioning security that ought to be placed in trust, whether to account for previous under-provision of decommissioning security or for the decreased production revenue and closer cessation of production date, has begun to arise.

    This article discusses disputes arising from the calculation of "Net Value" and "Net Cost" under Decommissioning Security Agreement.

    This article originally appeared in OilVoice on 8 June, 2016.