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NERA leads oil and gas giants in collaboration to address Australia s decommissioning challenge
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Study shows a need for +$50bn of decommission work, much of it urgent
CODA launches call for proposals for foundation projects
PERTH, Australia, March 9, 2021 /PRNewswire/ The Centre of Decommissioning Australia (CODA) has today been officially launched, heralding a much-needed collaborative effort to address the challenges and maximise the opportunities of decommissioning Australia s aging oil and gas infrastructure.
To be officially launched at the AOG Energy conference, CODA has been established by Perth-based National Energy Resources Australia (NERA), the industry-led, not-for-profit organisation established in 2015 as part of the Federal Government s Industry Growth Centre initiative, with the goal of driving innovation, productivity and enhancing competitiveness in the energy resources sector.
Oil and gas sector facing $26b decommissioning bill over next decade
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The offshore oil and gas sector is staring down the barrel of a $US20 billion ($26 billion) clean up of its ageing infrastructure that dots the Australian coastline over the next 10 years.
The Offshore Oil and Gas Decommissioning Liability report, released ahead of the Australasian Oil & Gas conference in Perth on Wednesday, forecast decommissioning activity would cost the industry $US40.5 billion over the next 50 years, but 51 per cent of that will occur over the next decade.
The Australian Petroleum Production & Exploration Association (APPEA) welcomes the launch of the Centre of Decommissioning Australia. APPEA CEO Andrew.
Australia s urgent $50b problem looms | Byron Shire News byronnews.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from byronnews.com.au Daily Mail and Mail on Sunday newspapers.