Study estimates Gulf of Mexico decommissioning costs

A study has established decommissioning costs of Gulf of Mexico oil and gas production structures according to the stage of activity and was the first empirical analysis to construct the cost based on actual data. The study provides a useful baseline and guide to cost engineers, project managers, and other personnel involved in estimating costs.1For the gulf, the scarcity of data and proprietary nature of cost statistics create uncertainty regarding the value and nature of decommissioning cost.DecommissioningIn the federally regulated Outer Continental Shelf (OCS), the gulf currently has about 4,000 structures associated with oil and gas production. The structures vary widely according to...

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