The Legal, Environmental and Social Prospects of the Term 'Good Oilfield Practice' within the Onshore Upstream Oil Industry: Law in the Making?
Article from: OGEL 5 (2020), in Environmental, Social and Governance (ESG)
(Addendum 24/11/2020) Extractive activities, including petroleum onshore upstream operations, are confirmed to be causing severe social and environmental damage. A number of methods have been proposed to control and mitigate these adverse impacts. A common approach is enforcing companies to adhere to local regulations. However, in cases where these regulations are immature, contracting parties - including states - usually come to an understanding that operators should, alternatively, resort to the principle of ‘good oilfield practice’ (GOP) as their main source ...