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02 September 2010 / Mark Sefton , Oliver Radley-Gardner
Issue: 7431 / Categories: Features , Property , Commercial
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What lies beneath

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

Clarke Willmott—Anita Rasaratnam

Clarke Willmott—Anita Rasaratnam

Clarke Willmott strengthens social housing development offering with senior London appointment

Trowers & Hamlins—David Meecham

Trowers & Hamlins—David Meecham

Trowers strengthens Birmingham real estate team with partner hire

Blake Morgan—Jennifer Ray & Louise Culleton

Blake Morgan—Jennifer Ray & Louise Culleton

Blake Morgan expands private client and regulatory teams with new legal directors

NEWS
A mood of cautious optimism has enveloped the criminal law sector following indications the Prime Minister may abandon planned jury reforms
Helping to source the services and providers you need
The Senior Courts Costs Office has clarified that judges conducting detailed assessment proceedings cannot order security for costs—a ruling that may leave successful parties exposed to further litigation expense
Rejecting a generous settlement can prove an expensive mistake, as two recent high-profile cases demonstrate
The Financial Conduct Authority (FCA) continues to show that failing to disclose regulatory issues can attract harsher consequences than the original misconduct itself
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