How do we know that it’s time to begin decommissioning & abandonment of a facilities?
Usually 3-factors that most likely to affect decision for decommissioning & abandonment of a facilities.
- Safety: The facility is not longer be able to comply with the organization set limit for safety requirement and/or the facility is obsolete and beyond repair.
- Economics: Further operation for facility is no longer make economics sense.
- Legal: This depend on the host authority regulatory requirement.
Categories: Oil & Gas