Publication
The next frontier: Offshore wind development in Asia
In the face of significant global headwinds in the sector, green shoots are emerging in 2025 for offshore wind in Asia after a turbulent 24 months.
Global | Publication | August 2023
On August 24, 2023, the National Hydrocarbons Commission (CNH) published Agreement CNH.30.06/2023, whereby it issued the Abandonment, Decommissioning and Relinquishment Guidelines (the Guidelines). These Guidelines are mandatory and came into effect on the business day following their publication.
The purpose of the Guidelines is to regulate the procedures and responsibilities that petroleum operators must follow in relation to the abandonment, decommissioning and disposal of materials associated with exploration and hydrocarbon extraction activities, as well as to the relinquishment and delivery of contractual and asignación areas.
Among other things, these Guidelines regulate:
It is important to highlight that contractors who do not yet have an abandonment trust have a period of 90 calendar days from the date of entry into force of the Guidelines to submit their proposals to the CNH. In addition, those who have already entered into abandonment trust agreements under terms different from those established in the Guidelines can submit new contracts or modifications that align with the new Guidelines.
In the case of contractors who, at the date of entry into force of the Guidelines, fall under the conditions for relinquishment as per the corresponding exploration and extraction contract, they must notify the CNH within a maximum period of ten business days from the entry into force of the Guidelines.
For more information regarding the content of the Guidelines and the obligations set forth thereunder, please contact César Fernández and José Luis Romo Trujano.
Publication
In the face of significant global headwinds in the sector, green shoots are emerging in 2025 for offshore wind in Asia after a turbulent 24 months.
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Charlotte Hillyard, Senior Innovation Lawyer in the Innovation Design and Technology team and one of Norton Rose Fulbright's Generative AI leads, will be sharing her insight at several prominent legal technology events in the coming week.
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We are delighted to be participating in Marine Money Week New York 2025. As one of the landmark events for the global shipping finance community, and with the global shipping and maritime industry at such a pivotal juncture, we look forward to catching up with clients and contacts to continue discussions around navigating the current challenges and opportunities.
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