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An analysis to the main economic drivers for offshore wells abandonment and facilities decommissioning

Decommissioning and abandonment is a relevant issue in the petroleum industry
because of the complex operations involved and the results after the decision has been
made. Several factors could lead to abandoning wells and decommissioning platforms,
among others hurricanes, production decline, economic limit, etc. Decommissioning and
abandonment operations have a great impact in the revenue stream which is either lost or
temporarily deferred depending on the situation. Every year between 100-150 platforms
are decommissioned and approximately 620 wells are abandoned in the Gulf of Mexico.
A case-by-case scenario should be revised on an annual basis and all the possible options
to be considered and submitted to the Government. This thesis presents an overview of
the topic and an analysis on when decommissioning and abandoning alternatives are
recommended for the optimization of the economical resources. / text

Identiferoai:union.ndltd.org:UTEXAS/oai:repositories.lib.utexas.edu:2152/ETD-UT-2011-08-3807
Date30 September 2011
CreatorsWiegand, Sandra Milena
Source SetsUniversity of Texas
LanguageEnglish
Detected LanguageEnglish
Typethesis
Formatapplication/pdf

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