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Decommissioning of Offshore Installations: Commercial Aspects

Language

English

Course format Online
Date 2021-01-25 - 2021-04-26
Cost £1,060

Power up your career in the energy sector.

Gain a comprehensive overview of the complex contractual and commercial aspects of decommissioning.

As UK and other offshore basins mature and industry activity evolves, decommissioning existing infrastructure is creating new career opportunities in a market estimated at £30-50bn.

Enhance your skills in this rapidly developing area and advance your career as an ambitious industry or legal professional. Study flexibly online with a university proud of an unrivalled reputation in energy and law.

Part of our unique Masters in Decommissioning, this course allows you to access our expert teaching and strong links with industry and regulators, wherever you’re based.

What will I study?

This course will give you a comprehensive overview of the contractual and commercial issues that arise when decommissioning offshore installations.

You’ll use the UK as an example to consider the commercial context for decommissioning, in light of the MER UK strategy – Maximising the Economic Recovery of hydrocarbons. You’ll consider the supply chain and the perspectives of the operator and contractors.

Focusing on contracts, you’ll cover key contractual clauses and how risk is allocated. You’ll examine innovative and alternative contracting models, including turnkey and campaign contracting strategies.

You’ll also look at decommissioning costs, including:

  • the tax implications of decommissioning
  • tax stability
  • portability of tax history
  • decommissioning cost deeds
  • the interaction between decommissioning and the law of insolvency.

Prerequisites

Am I ready?

This course has no formal entry requirements. You decide if it’s suitable for you.

The course is delivered at Masters level. At this level, you’d usually have at least:

  • a 2:1 (upper-second-class) Law degree
  • or relevant work experience that supports this level of study.

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