With global decommissioning activities forecast to reach $100 billion through 2030, early planning for it could go far in helping to minimize risk and associated costs.
It is the $100 billion elephant in the room. It is the last item on a never-ending list of things to do that gets delayed until it can no longer be deferred. It is the decommissioning of mature offshore oil and gas fields, and—like death and taxes—it is an unavoidable certainty.
News article on 01 June 2023 by Jennifer Presley from jpt.spe.org
For further reading, please visit jpt.spe.org >> Offshore Decommissioning: Planning for the End at the Beginning