Decommissioning

Instead of insights, traditional economic yardsticks in mature fields can create surprises. Buyers, investors, and lenders need new yardsticks—besides those based on present value—in order to make profitable decisions in mature properties.
The paper highlights the importance of adopting good practices when planning for decommissioning throughout the life cycle of a petroleum project.
The Seaeye Falcon underwater robot is being used in the decommissioning and repurposing of an oil rig offshore Angola.

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