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Australia: With hundreds of Australian wells stopping production soon, a multi-billion decommissioning market emerges

Australia is about to see its largest-ever wave of offshore development wells that reach the end of their producing life and need to be decommissioned. A Rystad Energy report shows that Australia’s number of such wells will jump from 160 today to more than 440 by 2026, with a further 172 offshore exploration wells waiting in the queue.

With hundreds of Australian wells stopping production soon, a multi-billion P&A market emerges

Australia is about to see its largest-ever wave of offshore development wells that reach the end of their producing life and need to be for decommissioned. This task is both adding headaches for producers and creating a multibillion-dollar opportunity for plugging and abandonment (P&A) suppliers. A Rystad Energy report shows that Australia’s number of such .

Australian wells creating multi-billion opportunity for P&A, Rystad says

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