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首页> 外文期刊>Journal of world energy law & business >Reimagining UKCS transfers: improving the effectiveness of the Master Deed and the UKCS transfer regime
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Reimagining UKCS transfers: improving the effectiveness of the Master Deed and the UKCS transfer regime

机译：重塑UKCS转移：提高总契约和UKCS转移制度的有效性

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摘要

When the Master Deed was conceived one of its core objectives was to expedite and simplify the United Kingdom Continental Shelf (UKCS) asset transfer regime. Although the Master Deed has had some successes since its introduction in 2003, its effectiveness in reducing the time and cost of asset transfers in the UKCS has been hindered by an inconsistent application of legal principles and the overtly adversarial legal and commercial culture that prevails in the UKCS. The UKCS's viability to continue as a profitable producing basin is currently under threat as margins are squeezed by high producing costs and low commodity prices. During such times of increased financial pressure, it is imperative that regulators react to these challenges by developing and nurturing a regulatory environment that reduces administrative obstacles associated with asset transfers encouraging greater liquidity and investment. This article argues that with the support of a proactive and collaborative regulator, which safeguards the consistent application of transfer provisions, discards outdated methodologies and fosters a more collaborative culture between UKCS participants, the UKCS transfer regime has the potential to be one of the most dynamic and user friendly regimes of its kind. Maximizing the effectiveness of the transfer regime will ensure that the UKCS remains a competitive environment to carry out oil and gas operations, elongating its producing life and increasing overall hydrocarbon recovery.
机译：构思主契约时，其核心目标之一是加快和简化英国大陆架（UKCS）的资产转让制度。尽管自2003年推出以来，《大师事迹》已取得了一些成功，但由于法律原则的不一致应用以及在全球范围内普遍存在的对抗性法律和商业文化，阻碍了其在减少UKCS资产转移的时间和成本方面的有效性。 UKCS。由于高昂的生产成本和低廉的商品价格挤压了利润空间，UKCS继续作为盈利的生产盆地的生存能力目前受到威胁。在这种财务压力不断增加的时期，监管机构必须通过发展和培育监管环境来应对这些挑战，以减少与资产转移相关的行政障碍，从而鼓励更大的流动性和投资。本文认为，在积极主动的合作监管机构的支持下，UKCS转让制度有可能成为最具活力的机制之一，该监管机构可以一贯地应用转移规定，摒弃过时的方法，并在UKCS参与者之间培养更加协作的文化。以及类似的用户友好制度。最大限度地提高转移制度的有效性将确保UKCS保持竞争优势，可以开展石油和天然气运营，从而延长其生产寿命并提高整体油气采收率。

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