21 November 2018, 08:00 to 09:30
Aberdeen University: Long term liability in Decommissioning
Aberdeen University is hosting a free to attend business breakfast
As decommissioning of oil and gas infrastructure gathers pace, it is important to know who will be liable for anything left in place. Government guidance has been clear historically that residual liability remains with the owner in perpetuity – albeit without specifying who the owner is. The most recent guidance from BEIS clarifies that it is the owner of an installation or pipeline or a section 29 notice holder who bears residual liability.
But is that the result that emerges from an analysis informed by property law? Even if it is, might it nevertheless be preferable pragmatically for the state to assume such liability? Professor John Paterson will discuss these questions and there will be time for audience Q&A.
Dr Richard Neilson will speak about the University’s ground-breaking collaboration with the OGTC in launching the new Decommissioning Centre for Excellence.
Attendees will receive a certificate for one hour of continuing professional development (CPD).