IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2021-04-21.html
   My bibliography  Save this article

Decommissioning Planning of Offshore Oil and Gas Fields in Vietnam: What Can be Learnt from Mine Closure Planning in Scotland?

Author

Listed:
  • Huyen Thi Le

    (PetroVietnam University, Vietnam)

  • Janet Xuanli Liao

    (Centre for Energy, Petroleum and Mineral Law and Policy, University of Dundee, Nethergate, Dundee, Scotland,)

  • Christopher J. Spray

    (School of Social Sciences, University of Dundee, Nethergate, Dundee, Scotland.)

Abstract

Due to the lack of necessary requirements in the existing regulations for decommissioning of offshore oil and gas fields in Vietnam, this paper makes policy recommendations based on the comparison between the decommissioning planning of offshore oil and gas fields in Vietnam and the similar closure planning of opencast coal mines in Scotland. The comparative analysis shows that there is interplay between the project context and restoration/decommissioning outcomes in the cases of three opencast coal mines in East Ayrshire, Scotland and X oil field in Vietnam. The influencing contextual factors in both cases can be categorized as biophysical and material conditions, community attributes, biodiversity s interest, socioeconomic context and rules. Based on such analysis, additional issues should be considered while preparing future decommissioning plans and updating relevant laws in Vietnam. Particular challenges include compliance monitoring, shell mounds, drill cuttings, financial assurance, consultation with local communities and recognition of their interests, rigs-to-reefs, coastal communities socioeconomic development, and investment in research, training and education about oil and gas decommissioning.

Suggested Citation

  • Huyen Thi Le & Janet Xuanli Liao & Christopher J. Spray, 2021. "Decommissioning Planning of Offshore Oil and Gas Fields in Vietnam: What Can be Learnt from Mine Closure Planning in Scotland?," International Journal of Energy Economics and Policy, Econjournals, vol. 11(4), pages 162-174.
    • Handle: RePEc:eco:journ2:2021-04-21
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/11196/5906
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijeep/article/view/11196/5906
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Osmundsen, Petter & Tveteras, Ragnar, 2003. "Decommissioning of petroleum installations--major policy issues," Energy Policy, Elsevier, vol. 31(15), pages 1579-1588, December.
    2. Techera, Erika J. & Chandler, John, 2015. "Offshore installations, decommissioning and artificial reefs: Do current legal frameworks best serve the marine environment?," Marine Policy, Elsevier, vol. 59(C), pages 53-60.
    3. Peck, Philip & Sinding, Knud, 2009. "Financial assurance and mine closure: Stakeholder expectations and effects on operating decisions," Resources Policy, Elsevier, vol. 34(4), pages 227-233, December.
    4. Silvana Tordo, 2007. "Fiscal Systems for Hydrocarbons : Design Issues," World Bank Publications - Books, The World Bank Group, number 6746, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Adkins, Roger & Paxson, Dean, 2019. "Rescaling-contraction with a lower cost technology when revenue declines," European Journal of Operational Research, Elsevier, vol. 277(2), pages 574-586.
    2. Abdo, Hafez & Mangena, Musa & Needham, Graham & Hunt, David, 2018. "Disclosure of provisions for decommissioning costs in annual reports of oil and gas companies: A content analysis and stakeholder views," Accounting forum, Elsevier, vol. 42(4), pages 341-358.
    3. Cornelie Crous & John R. Owen & Lochner Marais & Samkelisiwe Khanyile & Deanna Kemp, 2021. "Public disclosure of mine closures by listed South African mining companies," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(3), pages 1032-1042, May.
    4. Celine de Quatrebarbes & Bertrand Laporte, 2015. "What do we know about the mineral resource rent sharing in Africa?," CERDI Working papers halshs-01146279, HAL.
    5. Mercer-Blackman, Valerie, 2015. "Transitioning the Tax System to Take Advantage of the Natural Gas-Rich Economy in Trinidad and Tobago," IDB Publications (Working Papers) 7368, Inter-American Development Bank.
    6. Sara Aghakazemjourabbaf & Margaret Insley, 2018. "Optimal timing of harzardous waste clean-up under an environmental bond an a strict liability rule," Working Papers 1803, University of Waterloo, Department of Economics, revised 06 Jan 2018.
    7. Guy Dabi Gab-Leyba & Bertrand Laporte, 2015. "Oil Contracts, Progressive Taxation and Government Take in the Context of Uncertainty in Crude Oil Prices: The Case of Chad," Working Papers halshs-01217417, HAL.
    8. Mr. James L. Smith, 2012. "Modeling the Impact of Taxes on Petroleum Exploration and Development," IMF Working Papers 2012/278, International Monetary Fund.
    9. Gregory, Gillian H., 2021. "Rendering mine closure governable and constraints to inclusive development in the Andean region," Resources Policy, Elsevier, vol. 72(C).
    10. Jonas Frank, 2010. "Towards a Fiscal Pact : The Political Economy of Decentralization in Bolivia," World Bank Publications - Reports 12737, The World Bank Group.
    11. Laporte, Bertrand & de Quatrebarbes, Céline, 2015. "What do we know about the sharing of mineral resource rent in Africa?," Resources Policy, Elsevier, vol. 46(P2), pages 239-249.
    12. Yang, Peifang & Davis, Graham A., 2021. "Why don't environmental bonds fully cover reclamation costs?," Energy Policy, Elsevier, vol. 152(C).
    13. Smith, James L., 2014. "A parsimonious model of tax avoidance and distortions in petroleum exploration and development," Energy Economics, Elsevier, vol. 43(C), pages 140-157.
    14. Smith, James L., 2013. "Issues in extractive resource taxation: A review of research methods and models," Resources Policy, Elsevier, vol. 38(3), pages 320-331.
    15. Dina Azhgaliyeva, 2013. "What Makes Oil Revenue Funds Effective," International Conference on Energy, Regional Integration and Socio-economic Development 6023, EcoMod.
    16. Leporini, Mariella & Marchetti, Barbara & Corvaro, Francesco & Polonara, Fabio, 2019. "Reconversion of offshore oil and gas platforms into renewable energy sites production: Assessment of different scenarios," Renewable Energy, Elsevier, vol. 135(C), pages 1121-1132.
    17. Parente, Virginia & Ferreira, Doneivan & Moutinho dos Santos, Edmilson & Luczynski, Estanislau, 2006. "Offshore decommissioning issues: Deductibility and transferability," Energy Policy, Elsevier, vol. 34(15), pages 1992-2001, October.
    18. Abdul Manaf, Nor Aziah & Mas'ud, Abdulsalam & Ishak, Zuaini & Saad, Natrah & Russell, Alex, 2016. "Towards establishing a scale for assessing the attractiveness of petroleum fiscal regimes – Evidence from Malaysia," Energy Policy, Elsevier, vol. 88(C), pages 253-261.
    19. Aghakazemjourabbaf, Sara & Insley, Margaret, 2021. "Leaving your tailings behind: Environmental bonds, bankruptcy and waste cleanup," Resource and Energy Economics, Elsevier, vol. 65(C).
    20. Vincenzo Basile & Roberto Vona, 2023. "Sustainable and Circular Business Model for Oil & Gas Offshore Platform Decommissioning," International Journal of Business and Management, Canadian Center of Science and Education, vol. 16(10), pages 1-1, February.

    More about this item

    Keywords

    Offshore Platforms; Opencast Coal Mines; Decommissioning Planning; Closure Planning; Decommissioning Outcomes;
    All these keywords.

    JEL classification:

    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2021-04-21. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.