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Nation faces multibillion-dollar bill for decommissioning work to replace oil and gas infrastructure – NEWS.com.au
Nation faces multibillion-dollar bill for decommissioning work to replace oil and gas infrastructure
A new report has revealed Australia will be hit by a massive, multibillion-dollar problem within the next 10 years and the time is now to take action.According to the report by Advisian, much of the nation’s existing offshore oil and gas infrastructure is so old, it will need to be decommissioned in the years ahead.
In fact, there is more than $50 billion of crucial decommissioning work to tackle, with over half of the work needing to be started within the next 10 years and deemed to be “urgent”.
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