A Critical Analysis of the Offshore Unitisation Regime in Australia
Article from: OGEL 2 (2007), in Unitisation and JDZs
Abstract
Unitisation, and the threat of unitisation, is a major risk for petroleum industry participants because it can significantly affect both project timelines and project profitability. Despite this, the Commonwealth legislative framework is sparse on detail regarding the process for offshore unitisation in Australia. This article examines the offshore unitisation regime in Australia and its implications. Part 1 describes the historical context for unitisation in Australia, Part 2 describes the key concepts of unitisation, including both forced unitisation and voluntary unitisation and Part 3 ...