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The decommissioning of oil and gas installations across the world, and more specifically in mature basins such as the North Sea, is expected to cost several billion dollars over the coming years. The North Sea's aging infrastructure, with over 470 platforms, more than 5,000 wells and 10,000km of pipelines, requires effective abandonment planning to ensure manageable costs and regulatory compliance.
By joining the APR now, operators can gain crucial insight into decommissioning best practices and save significant time and money.
In 2007, a group of operators asked IHS Rushmore to establish a Review to share permanent well abandonment data, with a view to answering the following questions:
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