Deepwater Gulf Decommissioning—1: Aging platforms, ownership changes pose special risks

Mark J. Kaiser Louisiana State University Baton Rouge Mingming Liu China University of Petroleum Beijing This is the first of four articles that forecast deepwater decommissioning schedules in the US Gulf of Mexico (GOM). No estimates for the timing of deepwater decommissioning activity have previously been reported. Part 1 reviews the life-cycle stages of offshore production and the role of decommissioning within the development cycle. It summarizes historical installation and removal trends and economic-limit statistics for deepwater structures. The remaining parts of the series summarize the deepwater GOM well and structure inventory, expected short-term removal trends, and a decline-c...

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