Australia faces a $40.5bn decommissioning bill
Australia aims to slash decommissioning bill
A government-funded company has launched an initiative intended to save more than $14bn in decommissioning costs over the next few decades
National Energy Resources Australia (Nera), a not-for-profit started in 2016, launched an initiative in March to cut Australia’s decommissioning costs. The Centre of Decommissioning Australia (Coda)—which is based in Perth—aims to bring together operators, service providers and research organisations. Consultancy Advisian projected in a 2020 report that the cost of Australia’s necessary offshore decommissioning would run to $40.5bn, but Nera says Coda will reduce this figure by at least 35pc. A government-funded company has launched an initiative intended to save more than $14bn in decommissioning costs over the next few decades The Advisian report, which Nera commissioned with the
Also in this section
1 April 2025
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
1 April 2025
Strong economic growth targets are encouraging for the country’s energy demand growth, even if meeting those goals might be a tall order
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
