Examining the Legal Framework Guaranteeing Discharge of Decommissioning Liabilities by Insolvent Oil Companies in Nigeria: Lessons from Canada's Regulatory Regime
Article from: OGEL 4 (2020), in Decommissioning
Abstract
This aim of this paper is to examine the existing legal framework for decommissioning of oil wells by oil companies, especially during bankruptcy. The paper comparatively examines the respective regimes for decommissioning in Canada and Nigeria. Section 1 of this article examines the involvement of government in ownership and production of oil resources, and attributes some decommissioning challenges to the nature of government's involvement in both jurisdictions. Section 2 provides a synopsis of the bodies responsible for regulating abandonment in both jurisdictions. Section ...