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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
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    File URL: https://www.cesifo.org/DocDL/cesifo_wp280.pdf
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    References listed on IDEAS

    as
    1. Sanchirico, James N. & Wilen, James E., 1998. "Marine Reserves: Is There a Free Lunch?," Discussion Papers 10715, Resources for the Future.
    2. Osmundsen, Petter & Tveteras, Ragnar, 2003. "Decommissioning of petroleum installations--major policy issues," Energy Policy, Elsevier, vol. 31(15), pages 1579-1588, December.
    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)

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    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

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