Australia's Regulatory Framework for the Decommissioning of Offshore Petroleum Projects: Reforms for a Low-Carbon Future
Article from: OGEL 1 (2019), in Decommissioning
(minor revisions 11/02/2019) Australia is facing an upcoming wave of decommissioning of offshore petroleum projects. The current Australian regulatory regime envisages a 'base case' of complete removal of offshore oil and gas installations once they have reached the end of their useful life. However complete removal is costly, emissions and resource-intensive, and likely to be made more difficult by the changing climatic and ocean conditions associated with global warming. Whilst it is possible under current legislation for titleholders to decommission using ...