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What lies beneath

02 September 2010 / Mark Sefton , Oliver Radley-Gardner
Issue: 7431 / Categories: Features , Property , Commercial
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Oil extraction & the Pointe Gourde principle: Mark Sefton & Oliver Radley-Gardner report

Oil is lighter than water, which is the key to how to extract it efficiently from an underground reservoir. The well is drilled as close as possible to the apex of the oil field. Then, as the oil is extracted, water is pumped in to replace it. The water sinks to the bottom of the reservoir, forcing the oil to rise to the top. That way, all of the oil will eventually work its way to the apex, and can be extracted. If the well cannot be drilled to the apex of the reservoir, then the extraction will be compromised and some of the oil will remain inaccessible.

Petroleum Production Act

It is this fact which, indirectly, gave rise to the litigation between Star Energy and Bocardo SA, which has now resulted in a decision from the Supreme Court, at [2010] UKSC 35, [2010] All ER (D) 333 (Jul). It concerns a high academic issue of what

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MOVERS & SHAKERS

Quinn Emanuel Urquhart & Sullivan—Andrew Savage

Quinn Emanuel Urquhart & Sullivan—Andrew Savage

Firm expands London disputes practice with senior partner hire

Druces—Lisa Cardy

Druces—Lisa Cardy

Senior associate promotion strengthens real estate offering

Charles Russell Speechlys—Robert Lundie Smith

Charles Russell Speechlys—Robert Lundie Smith

Leading patent litigator joins intellectual property team

NEWS
The government’s plan to introduce a Single Professional Services Supervisor could erode vital legal-sector expertise, warns Mark Evans, president of the Law Society of England and Wales, in NLJ this week
Writing in NLJ this week, Jonathan Fisher KC of Red Lion Chambers argues that the ‘failure to prevent’ model of corporate criminal responsibility—covering bribery, tax evasion, and fraud—should be embraced, not resisted
Professor Graham Zellick KC argues in NLJ this week that, despite Buckingham Palace’s statement stripping Andrew Mountbatten Windsor of his styles, titles and honours, he remains legally a duke
Writing in NLJ this week, Sophie Ashcroft and Miranda Joseph of Stevens & Bolton dissect the Privy Council’s landmark ruling in Jardine Strategic Ltd v Oasis Investments II Master Fund Ltd (No 2), which abolishes the long-standing 'shareholder rule'
In NLJ this week, Sailesh Mehta and Theo Burges of Red Lion Chambers examine the government’s first-ever 'Afghan leak' super-injunction—used to block reporting of data exposing Afghans who aided UK forces and over 100 British officials. Unlike celebrity privacy cases, this injunction centred on national security. Its use, the authors argue, signals the rise of a vast new body of national security law spanning civil, criminal, and media domains
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