The Australian oil and gas sector is seeing an increasing focus on the decommissioning of offshore assets as they reach the end of their productive life. With volumes of work anticipated to grow significantly, CODA (Centre of Decommissioning Australia) has released a series of three studies to help the sector learn from experiences in other regions, and accelerate its preparation for this coming work. These studies build on CODA's 2021 offshore decommissioning liability study, which found that there is up to AUS$40 billion of activity to be undertaken in the coming 50 years. The new studies comprise; a global review of decommissioning planning and execution learnings, research to provide an understanding of the opportunity for local disposal and recycling pathways, and the development of a decommissioning innovation and technology roadmap.
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