Gulf of Mexico structure removal costs examined

06/15/2009
A study examined structure removal costs in the Gulf of Mexico for operations performed by TETRA Technologies Inc. from 2003 through June 2008. The data set included 120 projects representing $178 million in expenditures and is one of the largest samples of decommissioning costs analyzed in the gulf.The study used standard statistical analysis, and we believe the statistical measures are representative of the removal cost of independent operators in the shallow-water gulf during 2003-08.The study reports costs for preparation, pipeline abandonment, and removal operations across several categories.Decommissioning represents the end of the production life cycle of offshore structures and in...

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