Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
Find up-to-date guidance on points of law and then easily pull up sources to support your advice with Lexis PSL
Check out our straightforward definitions of common legal terms.
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Access our unrivalled global news content, business information and analytics solutions
Insurance, risk and compliance intelligence using big data, proprietary linking and advanced analytics.
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
What is the extent of decommissioning liability under the
Petroleum Act 1998 with regard to wells drilled after the relevant oil field
license had been sold to a third party?
On 17 May 2021, the Commercial Court handed down judgement in the case of Apache UK Investment Ltd v Esso Exploration and Production UK Ltd  EWHC 1283 (Comm). The case concerned a dispute as to the amount of security to be provided under bilateral decommissioning security agreements (BDSAs) entered into as part of a purchase by Apache from Esso of a company that held licenses in six North Sea oilfields. At the time of the agreements, Apache Corporation, the ultimate parent company of Apache, provided a guarantee in support of Apache’s obligation to indemnify Esso for all decommissioning related expenditure that Esso was or might become liable to incur. After Apache Corporation ceased qualifying as a surety under the BDSAs, disputes arose as to the amount of additional security Apache was required to provide.
In our latest case analysis, Judith Aldersey-Williams of CMS provides commentary on the court’s decision in regard to one of two issues under dispute in this case: whether the Petroleum Act 1998 made Esso potentially liable for the decommissioning of certain wells, therefore making said wells part of the property in respect of which Apache was required to provide security. Aldersey-Williams also discusses the wider practical implications of the case in light of the Secretary of State for Business, Energy and Industrial Strategy’s usual approach to determining what constitutes an 'installation' under the 1998 Act.
Click here to read the full analysis: Apache v Esso raises concerns over the interpretation of the Petroleum Act 1998.
More information on energy can be found here.
Non-subscribers: please fill in the form below to take a free trial of LexisPSL.
Free trials are only available to individuals based in the UK
* denotes a required field
0330 161 1234