Advisian Executive Summary

  • A combined estimated liability of
    USD $40.5 billion (including wells
    and facilities). Well plugging and
    abandonment (P&A) and pipeline
    removal comprise the majority of
    estimated spend.
  • A potential for a significant
    decommissioning workload
    between 2020 and 2030,
    based on independent
    estimates of decommissioning
    commencement dates.
  • Substantial opportunities for
    cost reduction through wellestablished initiatives, such as
    knowledge sharing and multiasset campaign approaches.
  • A need to continuously improve
    the underlying dataset and to
    maximise efficiency through a
    centralised planning system.
    Further detail on these findings
    is included in the body of the
    relevant report
See also  GeneratER Open Innovation Challenge Program
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