Analysis and Commentary

$50bn decommissioning costs face oil and gas facilities

Analysis and Commentary

Australia’s ageing offshore oil and gas infrastructure faces $50 billion in costs with a high powered advisory committee established by the Centre of Decommissioning Australia (CODA) to address the challenges and maximise business opportunities involved.

Six industry leaders have been appointed to an advisory panel including experts from ExxonMobil, Santos, Baker Hughes, IAS Group and the International Association of Oil & Gas Producers.

Established in March, CODA will apply research supported by the National Decommissioning Research Initiative, according to a CODA general manager Dr Francis Norman.

Dr Norman said: “We and our industry partners will ensure Australia’s future decommissioning activity will be built on independent and sound scientific research, providing the best possible outcomes for industry, environment and community.”

CODA plans to position Western Australia as a centre of excellence for decommissioning in the region.

“CODA has been established to grow capability and capacity to service Australia’s decommissioning needs and capture work in the Asia-Pacific market that could create thousands of jobs and generate billions in economic growth.”

The Committee consists of:

  • Richard Perry, Decommissioning Manager, ExxonMobil Australia
  • David Banks, Chief Technical & Marketing Officer, Santos Ltd
  • Jay Southwell, APAC Subsea Services leader, Baker Hughes
  • Brian Matthews, General Manager – IAS Group
  • Ineke Reyboz, Contracts and Commercial Consultant, independent member
  • And Harvey Johnstone, Environment Director for the International Association of Oil & Gas Producers, independent member.

Picture: Chevron

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