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DEVELOPMENT OF COST INDEX FOR OFFSHORE PLATFORM DECOMMISSIONING FOR MALAYSIAN WATERS

AHMED, BABA ABDULLAHI (2015) DEVELOPMENT OF COST INDEX FOR OFFSHORE PLATFORM DECOMMISSIONING FOR MALAYSIAN WATERS. Masters thesis, Universiti Teknologi PETRONAS.

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Abstract

Offshore platforms decommissioning hasbecome a central issue in the oil andgas industry in recent times. The burden of decommissioning earlierplatforms which did not incorporate the costs of decommissioning in their concession agreements with operators falls squarely on national governments. However, in recent concession contracts, operators are nowmandated to set aside an annual amount into a special account created specifically to cater for decommissioning at the end of the concession or economic life of the platform. However, a common challenge facing the industry is determining accurate decommissioning costs for offshore platforms. Afurther challenge is thefact that no twoplatforms are the same, thereby introducing an element of uncertainty into current estimates. Hence taking this into cognizance, a model was designed to enumerate a range rather than an exact cost estimate.

Item Type: Thesis (Masters)
Academic Subject : Academic Department - Civil Engineering - Water and environment - Water
Subject: T Technology > TA Engineering (General). Civil engineering (General)
Divisions: Engineering > Civil
Depositing User: Ahmad Suhairi Mohamed Lazim
Date Deposited: 18 Sep 2021 21:12
Last Modified: 18 Sep 2021 21:12
URI: http://utpedia.utp.edu.my/id/eprint/21444

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