Australia needs outside help and equipment as it starts a mega offshore decommissioning journey that is expected to cost more than A$50 billion (£27 billion). Significantly, companies with North Sea experience look set to play a pivotal role as the market evolves.
Centre of Decommissioning Australia (CODA) has appointed its inaugural supervisory committee to boost its strategic focus and expertise as it tackles the challenges and opportunities of decommissioning Australia’s ageing oil and gas infrastructure.
More than A$50 billion ($40.5 billion) of necessary decommissioning work needs to be carried out on Australia’s offshore oil and gas infrastructure, over half of which must be started within the next ten years.
