From declared asset retirement obligations to a decommissioning cost estimate for onshore crude oil fields in Nigeria.

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 Manage

authors

Afieroho EU,Patil SL,Dandekar A,Perkins R,Reynolds D

doi

10.1016/j.jenvman.2017.08.036

subject

Has Abstract

pub_date

2017-12-15 00:00:00

pages

207-220

issue

Pt 1

eissn

0301-4797

issn

1095-8630

pii

S0301-4797(17)30821-6

journal_volume

204

pub_type

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