A focus on decommissioning provisions in hydrocarbon deals

Alexander Elliot, a Senior Economist in our Oil & Gas Advisory team, has authored a great thought piece discussing decommissioning provisions in hydrocarbon deals. In several UK Continental Shelf cases, a company with material tax history has sold assets to a relatively new entrant, with no tax paying history. This can leave the buyer unable to claim tax relief against decommissioning. In recent years we have seen some imaginative ways to bridge this gap, as Alexander outlines below.

You can read the full article, Focus on Decommissioning Provisions in Deals here.

Key Contacts:

Alexander Elliot