Oil and gas producers will be subject to tougher liabilities and rules around decommissioning in Australia in an effort to prevent a repeat of the Northern Endeavour fiasco, which is expected to cost taxpayers over $190 million.
The raft of measures announced yesterday by federal resources minister Keith Pitt includes a stricter “trailing liability” regime, which will allow the government to pursue a former permit holder to pay for decommissioning work if needed.
Photo Credit: Energy Voice
Decom Mission membership gives you and your team access to networking, events, and knowledge to help you build connections and grow your business in the decommissioning sector. Join our global membership and boost your business.
Membership Enquiry About Us
