Date Time
Enhancing offshore oil and gas decommissioning framework
The Australian Government has approved a suite of measures aimed at enhancing and strengthening Australia’s offshore oil and gas decommissioning framework.
Minister for Resources, Water and Northern Australia Keith Pitt said the measures will ensure the offshore decommissioning framework is clear and fit for purpose.
“Australia’s offshore oil and gas industry has supported Australia’s energy security and economic activity for over 50 years and it will continue to be an important economic and energy security driver for the foreseeable future,” Minister Pitt said.
“The enhanced framework will make certain that there is effective regulatory oversight and robust financial and accountability safety nets for offshore oil and gas decommissioning requirements.