THE DEVELOPMENT OF INTERNATIONAL LAW IN CASE OF OIL AND GAS FACILITIES DECOMMISSIONING
UDC: 665.6
DOI: 10.33285/2411-7013-2021-1(298)-46-53
Authors:
KHALIDOV IBRAGIM ARBIEVICH1,
MILOVIDOV KONSTANTIN NIKOLAEVICH1
1 National University of Oil and Gas "Gubkin University", Moscow, Russian Federation
Keywords: fixed assets; decommissioning; liquidation; legal acts; shelf; offshore platforms
Annotation:
The paper considers the comparable liquidation laws for individual jurisdictions as well as the international legal and regulatory liquidation regimes. The legislation of many states legislatively establishes rules governing the activities on the elimination or decommissioning of more unused oil and gas fixed assets (hereinafter – FA) on the shelf. In addition, and especially due to the fact that many FAs on the shelf are located outside the territorial waters of the state and in those waters that are subject to international law, there are many international agreements and legal acts that equally establish both norms and methods that can be used to eliminate or otherwise process such unused FA. The paper examines some national and international regulatory legal acts on FAs decommissioning of abandoned or no longer used oil and gas on the shelf. It also analyzes how these acts have undergone significant changes in recent years. The stages, through which international normative legal acts and, to a lesser extent, national normative legal acts have passed, are considered.
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