Assisting organizations with end of field life strategy and regulatory obligations
The financial impact of decommissioning and abandonment obligations, both onshore and offshore, is of increasing significance as growing numbers of basins and fields mature in the context of mounting environmental pressures and international standards and regulations.
GaffneyCline assesses prevailing regulatory requirements and estimates costs for well, facility, and pipeline abandonment, site restoration and environmental clean-up. We routinely evaluate abandonment options, costs, economic limits, and timings. Where data is missing or uncertain, default values can be assumed based on a wide range of data sources and on our extensive experience. We can also evaluate the effect of satellite fields and marginal costs on timing of abandonment for both onshore and offshore fields.
GaffneyCline develops and peer reviews decommissioning and abandonment strategies and provides regulatory activity support for lenders, insurers, majors, and national oil companies. We have a detailed, comprehensive, in-house program for the prediction and assessment of oil and gas field economic limits and the potential costs and timings for abandonment and remediation.
Contact GaffneyCline to discuss your scenario.