Minerals Report - International Seabed Authority

to the safety of persons and animals, and to repair or indemnify the damages
resulting from the concessionaire’s activities and to perform the
environmental remediation acts determined by the competent agencies, all as
required by applicable law and oil industry best practice. The concessionaire
shall also take care that the operations do not cause any damages or losses
that affect other economic or cultural activities in the concession area, such as
exploration of renewable natural resources, mining, biological and
oceanographic research, and tourism.
5. Closing Considerations
Offshore mining activity is a very recent one in Brazil. Rules and
regulations related to it have just come into force, as soon as rules and
regulations regarding environment protection. The legislation is very
dynamic, as it uses to be when we deal with a new branch of the law. It
improves day-by-day.
This paper gives a simple view, a vol d’oiseau over the legislation on
petroleum and natural gas exploration and exploitation in Brazilian waters.
Obviously, if one confronts such requirements to other country requirements,
one may establish a more complete set of rules and regulations. Surely,
Brazilian experience will help to have, as a result of this workshop, the initial
framework of an international regulation for offshore mining activities.
INTERNATIONAL SEABED AUTHORITY 836