Decommissioning in Offshore Australia
Recorded On: 04/15/2021
Organized by the Australia-Pacific Chapter
Stuart Barrymore, Partner, Herbert Smith Freehills
Jason Medd, Director Environment, Health, Safety & Exploration, APPEA
This webinar is a timely opportunity to hear from leading regulatory experts on the latest developments in the Australian offshore petroleum industry on decommissioning.
The Australian Department of Industry, Science, Energy and Resources released an enhanced offshore oil and gas decommissioning framework for review in December 2020 and is now considering input received from public consultation. The Department is expected to provide the final framework and an implementation plan to the relevant Minister for consideration in 2021.
The Australian Petroleum Production & Exploration Association (APPEA) is the peak national body representing Australia’s oil and gas exploration and production industry. APPEA has about 55 full member companies. These include oil and gas explorers and producers active in Australia. Its members account for about 95 percent of Australia’s petroleum production. It also represents about 70 associate member companies that provide a wide range of goods and services to the upstream oil and gas industry in Australia. APPEA aims to secure regulatory and commercial conditions that enable member companies to operate safely, sustainably, and profitably. It also seeks to increase community and government understanding of the upstream petroleum industry by publishing information about the sector’s activities and economic importance to the nation.
Partner, Herbert Smith Freehills
A partner since 1988, Stuart Barrymore advises clients in the energy and resources industry, and acts for many major oil and gas producers operating in Australia. He specialises in major project acquisition and divestment, join venture structuring, development and financing (particularly for LNG projects) and project gas chain issues (equity lifting).
He is consistently recognised by international industry and professional guides as a leading energy and natural resources practitioner. Stuart was closely involved in advising on the transition of the treaty (between Australia and Timor-Leste) and associated legislation and arrangements in relation to the Timor Gap.
Stuart has advised operator/participants in: the North West Shelf Project; the Bayu-Undan Darwin LNG Project; QCLNG Project; Macedon Gas Project; Greater Sunrise; Papua LNG and numerous Carnarvon Basin ventures; his acquisition and divestment experience includes upstream transactions in Australia, Asia, Papua New Guinea, Africa and New Zealand and pipeline privitisation and trade sales.
Director Environment, Health, Safety & Exploration, APPEA
Jason Medd is responsible for APPEA’s Environment, Health and Safety policy and advocacy. His 20-year career includes senior positions within government petroleum policy and reform, the petroleum industry and advocacy.