New report on Decommissioning in the Gulf of Mexico – $1.3bn and $1.7bn spent on P&A work last year. An eye-popping figure. Apache leads the pack in money spent to remove structures. The report comes from Prof. Mark Kaiser of LSU, who has become one of the top experts on the impact of decommissioning work. Here is a story about the study.
SEMS came in response to a drilling accident, but this is a reminder that so much of the work in the Gulf is decommissioning (and with a lot of work comes a lot of risk).