Many of Indonesia’s oil and gas fields, both on and offshore, are coming to the end of their commercially viable operational lifespan. More than 60% of Indonesia’s oil and more than 30% of gas production comes from late-life-cycle resources spread across the world’s largest island country. Despite investment and use […]
Tag: Paul Jardine Quatre Ltd
Fortunately for the taxpayer, London based firm Quatre Ltd provides a financial solution. Its Environment Trust (ET), will if adopted by the government, protects both the taxpayer and landowner from the possible decommissioning risks should an operator become bankrupt.
On a worldwide basis, the industry decommissions an average of 120 offshore rigs a year. The prospective decommissioning of over 2,000 aging offshore oil and gas platforms, subsea wells and related assets is an upcoming challenge for companies as well as government treasuries… Offshore oil drilling, pioneered in the Gulf of Mexico in […]
By Nicholas Newman At the time of writing, we are seeing an increasing number of media reports detailing the huge numbers of abandoned oil wells in Alberta and Texas. In addition, governments and the industry are experiencing growing concern over the increasing costs of decommissioning and reinstatement of both onshore […]
Nicholas Newman participating with others at Ince and Co new offices in the Aldgate Tower 2 Leman Street, London E1 8QN London, in an all-day brainstorming meeting held by Quatre Ltd into the challenges, prospects and possible solutions for oil and gas decommissioning worldwide. Amongst the participants were: Paul Jardine […]