Property Law: The Unsung Hero of North Sea Oil and Gas

King’s College Law Review, Vol. 5, No. 2 (2014)

16 Pages Posted: 5 Jun 2016 Last revised: 19 Apr 2021

See all articles by Demetris Hadjiosif

Demetris Hadjiosif

Independent

Constantinos Yiallourides

The British Institute of International and Comparative Law (BIICL)

Date Written: December 15, 2014

Abstract

The present paper examines the key property law-related issues pertaining to the development of sub-sea mineral resources on the United Kingdom Continental Shelf: from their initial ‘capture’ (acquisition of ownership) to their transportation to downstream facilities via onshore pipelines. Additionally, the authors discuss the future property law implications of carbon storage in depleted oil reservoirs, with a particular focus on the potential effects of the recent Carbon Capture and Storage (CCS) leases. The paper concludes that the practical property law implications of the development of offshore carbon storage could be detrimental to the government and ultimately the taxpayer; thus, more consideration should be afforded to it during the planning stage of projects and policy decision-making.

Keywords: Property Law, Oil and Gas, Continental Shelf, North Sea, CCS

Suggested Citation

Hadjiosif, Demetris and Yiallourides, Constantinos, Property Law: The Unsung Hero of North Sea Oil and Gas (December 15, 2014). King’s College Law Review, Vol. 5, No. 2 (2014), Available at SSRN: https://ssrn.com/abstract=2786746

Demetris Hadjiosif

Independent ( email )

Constantinos Yiallourides (Contact Author)

The British Institute of International and Comparative Law (BIICL) ( email )

Charles Clore House
17 Russell Square
London, WC1B 5JP
United Kingdom

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