27 Jun 2019

Offshore Decommissioning Liability: "Hotel California" and cross-contamination risks

This briefing contains our observations on offshore decommissioning liability, including “Hotel California” risk for sellers and cross-contamination issues for buyers.

The trend of oil & gas majors and larger independents looking to exit or reduce their exposure to the North Sea has seen buyers and sellers alike grappling with the decommissioning liabilities associated with late-life assets within these portfolios and the wide-ranging reach of the Petroleum Act 1998 (the “Act”).

Read our observations, including “Hotel California” risk for sellers and cross-contamination issues for buyers.


Offshore Decommissioning Liability: Hotel California and cross-contamination risks
Contact Information
Hywel Davies
Partner at Slaughter and May
London