Effect of Decommisioning cost on transfer of assets in UKCS

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This Article seeks to consider the effect of the legal requirement for the provision of decommissioning cost in a Joint venture agreement or production sharing agreement on the ability of asset owners to transfer same to new investors without discouraging them from injecting the required capital/expertise into the ageing UK continental shelf.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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