Nation faces multibillion-dollar bill for decommissioning work to replace oil and gas infrastructure
Business by Alexis Carey 10th Mar 2021 7:59 AM | Updated: 4:56 PM A new report has revealed Australia will be hit by a massive, multibillion-dollar problem within the next 10 years - and the time is now to take action. According to the report by Advisian, much of the nation s existing offshore oil and gas infrastructure is so old, it will need to be decommissioned in the years ahead. In fact, there is more than $50 billion of crucial decommissioning work to tackle, with over half of the work needing to be started within the next 10 years and deemed to be urgent .
Nation faces multibillion-dollar bill for decommissioning work to replace oil and gas infrastructure
Business by Alexis Carey 10th Mar 2021 7:59 AM | Updated: 4:56 PM A new report has revealed Australia will be hit by a massive, multibillion-dollar problem within the next 10 years - and the time is now to take action. According to the report by Advisian, much of the nation s existing offshore oil and gas infrastructure is so old, it will need to be decommissioned in the years ahead. In fact, there is more than $50 billion of crucial decommissioning work to tackle, with over half of the work needing to be started within the next 10 years and deemed to be urgent .
Australia: AGR partners with industry leaders in the establishment of the Centre of Decommissioning Australia (CODA)
10 Mar 2021
Centre of Decommissioning Australia (CODA) launched by the
National Energy Resources Australia (NERA).
CODA is a collaboration across the industry to address the challenges and maximise the opportunities of decommissioning Australia’s oil & gas infrastructure.
Working alongside many of the world’s leading Oil & Gas Operators, such as Chevron, Woodside Energy, Santos, Esso Australia, Vermilion Oil & Gas Australia, and BHP, and service and research organizations, such as Baker Hughes, Atteris, Linch-Pin, Xodus Group and Curtin University, the announcement strengthens AGR’s position as an industry leader in well and field abandonment projects.