A Review of Asset Retirement Obligations of Nigerian Oil Companies
Article from: OGEL 4 (2020), in Economic and Commercial Context for Oil, Gas and Energy Law
Abstract
Asset Retirement Obligation (ARO) is becoming the focus of many oil and gas companies around the world. It is a critical aspect of the Exploration and Production business which has suffered professional neglect for too long. As a subject matter, the principles of ARO owe credence to both national and international legislative perspectives. Its future impact equally draws from visible and disruptive environmental dimension. It is one link that connects the obligation of oil companies to their host governments and surviving communities. ARO will play a major role in ...