Arctic Hydrocarbon Exploration and Production: Evaluating the Legal Regime for Offshore Accidential Pollution Liability

Sergei Vinogradov, Smith I. Azubuike

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Abstract

The Arctic has enormous hydrocarbon potential which is attracting international oil companies to invest, explore and exploit its reserves. Drilling in this region presents infrastructural, technological and environmental challenges with high accidental pollution risks involved. In the wake of the Deepwater Horizon incident of 2010 in the Gulf of Mexico, there are serious concerns about the effects and legal consequences of a possible major oil spill. This calls into question the adequacy of existing global and regional regulatory frameworks governing accidental pollution, particularly in such important area as oil pollution damage liability and compensation. It is important that an international regime is in place that provides prompt and adequate compensation to the victims of pollution and remedial measures necessary to protect the Arctic environment and innocent third parties. This paper examines and evaluates global and regional regulations pertinent to pollution resulting from offshore petroleum operations in the Arctic, focusing especially on accident pollution liability and compensation from offshore facilities. A regional intergovernmental framework or an industry-wide compensation scheme would be among the most obvious options in addressing the apparent gap in the existing environmental regime of the Arctic.
Original languageEnglish
Title of host publicationArctic Yearbook 2018
EditorsL. Heininen, H. Exner-Pirot
Place of PublicationAkureyri
PublisherNorthern Research Forum
Pages307-327
Number of pages21
Publication statusPublished - 2018

Publication series

NameArctic Yearbook
PublisherNorthern Research Forum
ISSN (Electronic)2298-2418

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    Cite this

    Vinogradov, S., & Azubuike, S. I. (2018). Arctic Hydrocarbon Exploration and Production: Evaluating the Legal Regime for Offshore Accidential Pollution Liability. In L. Heininen, & H. Exner-Pirot (Eds.), Arctic Yearbook 2018 (pp. 307-327). (Arctic Yearbook). Northern Research Forum. https://arcticyearbook.com