Fallow Fields Initiatives and Canada\u27s East Coast Offshore: Policy and Legal Considerations

The author examines various approaches adopted by government to balance the state\u27s interest in promoting the timely and efficient exploration and development of oil and gas resources under state jurisdiction and industry\u27s need for legal regimes providingsecurityoftenure and other conditions necessary for commercial success. In particular, the paper considers fallow field initiatives adopted by the United Kingdom in respect of the North Sea and their possible application to government\u27s management of oil and gas resources in the Canadian east coast offshore areas, addressing applicable policy considerations, the legislative history of the statutory frameworks in place, and relatedjurisprudence