Abstract
Abstract The extraction and transport of hydrocarbons from offshore environments is a hazardous activity due to the operational complexities and hostile conditions. The industry and the regulatory authorities must ensure to keep a balance between risk and project economics. After the Deepwater Horizon accident in 2010, there has been growing focus in many countries, especially in the U.S. on safety and environmental aspects of offshore oil and gas operations. New regulations governing oil and gas offshore operations have been introduced. The recent US regulations have started using a hybrid approach of prescriptive as well as performance based by the introduction of Safety and Environmental Management Systems (SEMS). This article provides a brief overview of few selected regulations relevant to offshore oil and gas operations during the entire life cycle of the project.
Published Version
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