Abstract:
:As in most mature crude oil producing regions, asset divestment has commenced in Nigeria. Decommissioning and associated environmental liabilities are expected to become important problems requiring attention. Public and government engagement on decommissioning will be ineffective without information on cost of decommissioning liabilities, which are held confidential by oil companies. This study demonstrates a method to determine generic aggregate cost of decommissioning liabilities for Nigeria onshore fields, using non-proprietary data from annual financial reports of operating companies in Nigeria. The results can be used as basis for negotiation with operators and to help government in preparation for decommissioning risk.
journal_name
J Environ Managejournal_title
Journal of environmental managementauthors
Afieroho EU,Patil SL,Dandekar A,Perkins R,Reynolds Ddoi
10.1016/j.jenvman.2017.08.036subject
Has Abstractpub_date
2017-12-15 00:00:00pages
207-220issue
Pt 1eissn
0301-4797issn
1095-8630pii
S0301-4797(17)30821-6journal_volume
204pub_type
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