Various factors affect reefing decisions

07/25/2005
Rigs-To-Reef—1Operators that donate obsolete platforms to the Louisiana and Texas artificial-reef programs in the Gulf of Mexico often can lower decommissioning costs.While literature has much information on the science and benefits of artificial reefs, only limited information exists on rigs-to-reef programs and their economics. Many factors influence the decision to convert a rig into a reef and, subsequently, the cost savings associated with reefing.This first in a series of three articles describes the various decommissioning options. The remaining two parts will cover in more detail the economics and scope of the Louisiana and Texas programs.Structure benefitsOffshore platforms...
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