Local Content
2 Days
Decommissioning is the final phase of oil and gas activities where oil and gas infrastructure is taken down and the site is restored to its original condition (before operations commenced) as far as is possible. This stage typically takes place 20 to 30 years ‘depending on the reserve of the field. Despite its futuristic nature, decommissioning remains a present reality that licensees, contractors and States must face and adequately prepare for. The financial and environmental implications of decommissioning on the host community and beyond are immense.
This workshop tackles the issues surrounding decommissioning, looking at the perspective of all responsible parties (IOCs, NOCs, host communities and the State).
COURSE OUTLINE
- Introduction to decommissioning
- An evaluation of the decommissioning framework globally – Decommissioning law and regulations
- Understanding decommissioning liability
- International best practice: A review of the decommissioning framework in UK, Brazil, and USA
- Estimating decommissioning costs
- Financial risk mitigation in decommissioning: Default, Decommissioning Security and Beyond
- Taxation and accounting in decommissioning
- Technical considerations in decommissioning : A review of available technologies
- HSE considerations in decommissioning : Stakeholder considerations
- Recommendations