Regulatory review is definitely advantageous as well as having rules and regulations which are not so descriptive that they limit the regulator from enforcing and adapting to latest practices, latest technologies, and lessons learned.
One thing to remember as we look at our offshore regulatory regime versus that of the U.K., Norway or Australia is that they have only one federal regulator for their offshore. In Canada, we have the NEB, the C-NLOPB, and the CNSOPB, with the possibility of the CNBOPB, and the Quebec....
That makes changes to regulations a lot easier. I think a regular review, and making sure that you don't make those regulations so tightly defined that it doesn't give the regulator the ability to actually regulate....