The safe, timely and cost-efficient decommissioning of offshore infrastructure is one of the big challenges faced by the oil & gas sector.
We estimate that the liability currently stands at over $300 billion (real terms), and this will only increase as companies continue to make and develop new discoveries. Key offshore producers Brazil, the US Gulf of Mexico (US GoM), the UK, and Norway face the largest bill at almost $150 billion combined.
News article on 16 July 2024 by The Mounting Offshore Oil & Gas Decommissioning Cost from oedigital.com
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