https://12259-console.memberconnex.com/Attachment?Action=Download&Attachment_id=337
brief description
First operator-supported assessment of Australia’s offshore decommissioning liability outlook.
additional information
At a high level, the study has identified:
• A combined estimated liability of USD $40.5 billion (including wells and facilities). Well plugging and abandonment (P&A) and pipeline removal comprise the majority of estimated spend.
• A potential for a significant decommissioning workload between 2020 and 2030, based on independent estimates of decommissioning commencement dates.
• Substantial opportunities for cost reduction through well-established initiatives, such as knowledge sharing and multi-asset campaign approaches.
• A need to continuously improve the underlying dataset and maximize efficiency through a centralized planning system.
