Masterarbeit, 2015
72 Seiten, Note: Distinction
This research aimed to evaluate whether the Malaysian regulatory framework governing offshore decommissioning is sufficient to manage the scale of impending activities, or if it requires review and inspiration from the more established UK regime. Specifically, the study projected 195 offshore installations slated for decommissioning in Malaysia by 2025, highlighting a substantial increase in activities. The research explores the shortcomings of the existing regulatory landscape and its potential consequences.
Offshore decommissioning, Malaysia, UK, regulatory landscape, environmental impact, industry practices, international obligations, decommissioning options, decommissioning legislation, oil and gas industry, marine environment, health and safety.
It is estimated that approximately 195 offshore installations in Malaysia will undergo decommissioning by the year 2025, representing a growth of over 244% in activities over a decade.
Malaysia currently lacks national decommissioning regulations for the oil and gas industry. Instead, it relies primarily on guidelines provided by PETRONAS, the national oil company.
The research suggests that current guidelines and production-sharing contracts (PSCs) lack clear guiding principles, potentially allowing international oil companies to evade legal and financial responsibilities.
The UK has a more established and long-standing offshore decommissioning regime, providing a benchmark for best practices that could inspire improvements in the Malaysian legal framework.
The study evaluates the potential impact on Malaysia’s marine environment, emphasizing the need for adequate regulations to mitigate ecological damage during the removal or disposal of facilities.
The objectives include evaluating the adequacy of Malaysian regulations, analyzing the environmental and industrial impact of decommissioning, and proposing recommendations based on the UK's experience.
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