Decommissioning Oil and Gas Wells in the UK – High Court Delivers Important Judgment with Ramifications for M&A Deals and the Provision of Decommissioning Security
By EsqSocial Corporation 02/06/21
In the recent case of Apache UK Investments Limited v Esso Exploration and Production UK Limited [2021] EWHC 1283 (Comm), the English High Court has delivered an important ruling which addresses the extent to which a prior owner of an oil and gas field in the UK’s continental shelf could be made liable by the UK Government to decommission wells which were drilled after the field was sold. In this short article, we summarise the Court’s decision and the statutory basis upon which upstream oil...
By: Bracewell LLP