Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/75553
Authors: 
Osmundsen, Petter
Tveterås, Ragnar
Year of Publication: 
2000
Series/Report no.: 
CESifo Working Paper 280
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.
Subjects: 
Petroleum installations
decommissioning
disposal
externalities
JEL: 
D62
G18
H32
L51
L72
Q48
Document Type: 
Working Paper

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