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Australia s urgent $50b problem looms | Queensland Times

Nation faces multibillion-dollar bill for decommissioning work to replace oil and gas infrastructure Business by Alexis Carey 10th Mar 2021 7:59 AM | Updated: 4:56 PM A new report has revealed Australia will be hit by a massive, multibillion-dollar problem within the next 10 years - and the time is now to take action. According to the report by Advisian, much of the nation s existing offshore oil and gas infrastructure is so old, it will need to be decommissioned in the years ahead. In fact, there is more than $50 billion of crucial decommissioning work to tackle, with over half of the work needing to be started within the next 10 years and deemed to be urgent .

Australia s urgent $50b oil and gas problem looms

Nation faces multibillion-dollar bill for decommissioning work to replace oil and gas infrastructure Business by Alexis Carey 10th Mar 2021 7:59 AM | Updated: 4:56 PM A new report has revealed Australia will be hit by a massive, multibillion-dollar problem within the next 10 years - and the time is now to take action. According to the report by Advisian, much of the nation s existing offshore oil and gas infrastructure is so old, it will need to be decommissioned in the years ahead. In fact, there is more than $50 billion of crucial decommissioning work to tackle, with over half of the work needing to be started within the next 10 years and deemed to be urgent .

Centre of Decommissioning Australia established

Advertisement The Centre of Decommissioning Australia (CODA) has been officially launched, heralding a much-needed collaborative effort to address the challenges and maximise the opportunities of decommissioning Australia’s ageing oil and gas infrastructure. To be officially launched at the AOG Energy conference, CODA has been established by Perth-based National Energy Resources Australia (NERA), the industry-led, not-for-profit organisation established in 2016 as part of the Federal Government s Industry Growth Centre initiative, with the goal of driving innovation, productivity and enhancing competitiveness in the energy resources sector. CODA brings together many of the world’s major oil and gas companies - Chevron, Woodside Energy, Santos Limited, Esso Australia Pty, Vermilion Oil and

NERA leads oil and gas giants in collaboration to address Australia s decommissioning challenge

NERA leads oil and gas giants in collaboration to address Australia s decommissioning challenge
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