A report by Worley consulting business Advisian recently concluded there is more than $50 billion of necessary decommissioning work on Australia’s oil and gas infrastructure, more than half of which needs to begin before 2030.
CODA said its recently announced series of foundation projects will accelerate cross-industry understanding of the decommissioning challenge, including a global review of decommissioning planning and execution learnings and the development of a Decommissioning Innovation and Technology Roadmap.
Federal Minister for Resources, Water and Northern Australia Keith Pitt welcomed the establishment of the group.
“We all want to ensure we have a sound regulatory framework and that the offshore oil and gas industry can manage current and future decommissioning challenges,” he said.
For more information visit the NERA website.
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