Offshore decommissioning in Australia is at a turning point

21.01.2022

Offshore

The country has an offshore oil and gas asset stock consisting of:

  • 1,008 wells
  • 57 fixed facilities (including 237,000 tonnes of topsides and 518 tonnes of substructures)
  • 11 floating facilities
  • 82 export and inter-field pipelines
  • 205 infield flowlines (1,7000 km excluding jumpers and spools)
  • 130 static umbilicals (approximately 1,500 km excluding flying leads)
  • 535 subsea structures
  • 126 flexible risers and dynamic umbilicals associated with floating facilities

The decommissioning of this infrastructure presents an eye-watering bill with the estimated liability costs ranging from between US$30bn to US$50bn over the next 50 years.

The report provides an insight into the opportunities that lie ahead.
Please click here for the report.

Also have a look at the  DECOMMISSIONING & ABANDONMENT AUSTRALIA WORKSHOP, scheduled for 10 & 11 May: click here.

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