ABSTRACT
Environmental legislation enacted over the last several decades has produced a complex matrix of regulations. Environmental compliance now represents a significant cost of doing business, both in terms of the cost of compliance and in terms of the possible penalties and fines which could be incurred as a result of non-compliance.
When making informed corporate decisions involving the acquisition and divestiture of oil and gas properties environmental audits can be used to evaluate the compliance status of a facility.1
Copyright 1994, Society of Petroleum Engineers
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