Study assesses Asia-Pacific offshore decommissioning costs

A recent study has updated decommissioning costs for offshore installations in the Asia-Pacific region.Costs, technology, and regulations have changed since the last publicly available decommissioning estimates for offshore installations in the Asia-Pacific region produced by the United Nations in 1994.1Since the UN report, the region has had about 800 new offshore facilities installed. This article reviews the number and location of the offshore facilities based on available information and provides an estimate of the decommission costs.Offshore installationsThe Asia-Pacific region, as defined in this article, includes 16 countries and one Joint Development Zone that have had offshore oi...

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