IDEAS home Printed from https://ideas.repec.org/p/ces/ceswps/_280.html
   My bibliography  Save this paper

Disposal of Petroleum Installations - Major Policy Issues

Author

Listed:
  • Petter Osmundsen
  • Ragnar Tveterås

Abstract

Following the Brent Spar controversy, the OSPAR countries reached a unanimous agreement in 1998 for the future rules for disposal of petroleum installations. The vast majority of existing offshore installations will be re-used or returned to shore for recycling or disposal. For installations where there is no generic solution, one should take a case-by-case approach. We provide a survey of international economic and regulatory issues pertaining to disposal of petroleum installations, and provide specific examples by analysing the Norwegian decommissioning and disposal policy. Optimal disposal policy can be analysed by cost-benefit analyses with distributional effects, subject to environmental and goodwill constraints.

Suggested Citation

  • Petter Osmundsen & Ragnar Tveterås, 2000. "Disposal of Petroleum Installations - Major Policy Issues," CESifo Working Paper Series 280, CESifo.
    • Handle: RePEc:ces:ceswps:_280
    as

    Download full text from publisher

    File URL: https://www.cesifo.org/DocDL/cesifo_wp280.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Osmundsen, Petter & Tveteras, Ragnar, 2003. "Decommissioning of petroleum installations--major policy issues," Energy Policy, Elsevier, vol. 31(15), pages 1579-1588, December.
    2. Sanchirico, James & Wilen, James, 1998. "Marine Reserves: Is There a Free Lunch?," RFF Working Paper Series dp-99-09, Resources for the Future.
    3. Sanchirico, James N. & Wilen, James E., 1999. "Bioeconomics of Spatial Exploitation in a Patchy Environment," Journal of Environmental Economics and Management, Elsevier, vol. 37(2), pages 129-150, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sanchirico, James & Cochran, Kathryn & Emerson , Peter, 2002. "Marine Protected Areas: Economic and Social Implications," RFF Working Paper Series dp-02-26, Resources for the Future.
    2. Sanchirico, James & Wilen, James, 2000. "The Impacts of Marine Reserves on Limited-Entry Fisheries," RFF Working Paper Series dp-00-34, Resources for the Future.
    3. Sanchirico, James N., 2000. "Marine Protected Areas as Fishery Policy: A Discussion of Potential Costs and Benefits," Discussion Papers 10728, Resources for the Future.
    4. Smith, Martin D. & Wilen, James E., 1999. "Spatial Behavior Of Renewable Resource Harvesters: The California Sea Urchin Fishery," 1999 Annual meeting, August 8-11, Nashville, TN 21510, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Adkins, Roger & Paxson, Dean, 2019. "Rescaling-contraction with a lower cost technology when revenue declines," European Journal of Operational Research, Elsevier, vol. 277(2), pages 574-586.
    6. Sterner, Thomas, 2007. "Unobserved diversity, depletion and irreversibility The importance of subpopulations for management of cod stocks," Ecological Economics, Elsevier, vol. 61(2-3), pages 566-574, March.
    7. Christopher Costello & Daniel T. Kaffine, 2010. "Marine protected areas in spatial property-rights fisheries ," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(3), pages 321-341, July.
    8. Costello, Christopher & Molina, Renato, 2021. "Transboundary marine protected areas," Resource and Energy Economics, Elsevier, vol. 65(C).
    9. Hawkins, John & Beard, Rodney & McDonald, Stuart, 2006. "A multi-agent simulation model of fishery fleet dynamics for the Queensland coral reef line fishery," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139788, Australian Agricultural and Resource Economics Society.
    10. Maxime Dépalle & Olivier Thébaud & James N. Sanchirico, 2020. "Accounting for Fleet Heterogeneity in Estimating the Impacts of Large-Scale Fishery Closures," Marine Resource Economics, University of Chicago Press, vol. 35(4), pages 361-378.
    11. Low, Bobbi & Costanza, Robert & Ostrom, Elinor & Wilson, James & Simon, Carl P., 1999. "Human-ecosystem interactions: a dynamic integrated model," Ecological Economics, Elsevier, vol. 31(2), pages 227-242, November.
    12. Eppink, Florian V. & van den Bergh, Jeroen C.J.M., 2007. "Ecological theories and indicators in economic models of biodiversity loss and conservation: A critical review," Ecological Economics, Elsevier, vol. 61(2-3), pages 284-293, March.
    13. W. A. Brock & A. Xepapadeas, 2015. "Modeling Coupled Climate, Ecosystems, and Economic Systems," Working Papers 2015.66, Fondazione Eni Enrico Mattei.
    14. van Ierland, Ekko C. & Ding, Hongyu & Ruijs, Arjan, 2007. "Designing a Decision Support System for Marine Reserves Management: An Economic Analysis for the Dutch North Sea," Natural Resources Management Working Papers 10266, Fondazione Eni Enrico Mattei (FEEM).
    15. Mukherjee, Zinnia & Segerson, Kathleen, 2015. "Behavioral Response of Fishers to Hypoxia and the Distributional Impact on Harvest," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205108, Agricultural and Applied Economics Association.
    16. Rauscher, Michael & Barbier, Edward B., 2010. "Biodiversity and geography," Resource and Energy Economics, Elsevier, vol. 32(2), pages 241-260, April.
    17. Johnston, Robert J. & Ramachandran, Mahesh & Schultz, Eric T. & Segerson, Kathleen & Besedin, Elena Y., 2011. "Characterizing Spatial Pattern in Ecosystem Service Values when Distance Decay Doesn’t Apply: Choice Experiments and Local Indicators of Spatial Association," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103374, Agricultural and Applied Economics Association.
    18. William Brock & Anastasios Xepapadeas, 2020. "Spatial Environmental and Resource Economics," DEOS Working Papers 2002, Athens University of Economics and Business.
    19. Eli Fenichel & Timothy Richards & David Shanafelt, 2014. "The Control of Invasive Species on Private Property with Neighbor-to-Neighbor Spillovers," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 59(2), pages 231-255, October.
    20. Anastasios Xepapadeas & William Brock, 2004. "Spatial Analysis: Development of Descriptive and Normative Methods with Applications to Economic-Ecological Modelling," Working Papers 2004.159, Fondazione Eni Enrico Mattei.

    More about this item

    Keywords

    Petroleum installations; decommissioning; disposal; externalities;
    All these keywords.

    JEL classification:

    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ceswps:_280. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klaus Wohlrabe (email available below). General contact details of provider: https://edirc.repec.org/data/cesifde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.