Decommissioning Cost Estimation in the Deepwater U.S. Gulf of Mexico / Mark J. Kaiser.

Format:

Book

Author/Creator:

Kaiser, Mark J., author.

Contributor:

American Society for Testing and Materials

ASTM International.

Series:

Journal of ASTM International. Manual Series ; MNL7320140007.

ASTM manual series ; MNL7320140007

Language:

English

Subjects (All):

Deepwater exposure.

Decommissioning liability.

Asset retirement obligations.

Decommissioning cost estimation.

Petroleum engineering.

Gas engineering.

Petroleum--Prospecting.

Petroleum.

Natural gas--Prospecting.

Natural gas.

Physical Description:

1 online resource (28 pages) : illustrations, figures, tables.

Volume 2016, Issue 73 (September 2016)

Other Title:

ASTM digital library.

Place of Publication:

West Conshohocken, Pa. : ASTM International, 2016.

System Details:

Mode of access: World Wide Web.

text file PDF

Summary:

Deepwater structures are expensive to fabricate and install, and at the end of their useful life, will also be expensive to decommission. From 1989 to 2012, 15 structures in water depth greater than 400 ft were decommissioned in the U.S. Gulf of Mexico. The purpose of this chapter is to estimate cost for well plugging and abandonment, conductor severance and removal, pipeline abandonment, umbilical and flowline removal, and platform removal for the 95 deepwater structures (50 fixed platforms, 3 compliant towers, and 42 floaters) in the Gulf of Mexico circa January 2013. Work decomposition algorithms developed by ProServe Offshore are combined with government databases and the author's generalizations to provide order-of-magnitude cost estimates for the deepwater structure inventory. Bullwinkle and Pompano are expected to be the most expensive fixed platform decommissioning projects estimated at 265 million dollars and 203 million dollars, respectively. Mars is expected to be the most expensive floater decommissioning at a cost of 336 million dollars, followed by Ursa (222 million dollars), Auger (205 million dollars), and Hoover/Diana (201 million dollars). Total decommissioning liability for the deepwater structure inventory based on 2009-2010 market conditions and technologies and the collection of assumptions described herein, is estimated at 6.7 billion dollars, 2.4 billion dollars for fixed platforms and compliant towers, and 4.3 billion dollars for floaters.

Notes:

"ASTM Stock Number: MNL7320140007".

Includes bibliographical references 29.

Electronic reproduction. W. Conshohocken, Pa. : ASTM International, 2016. Mode of access: World Wide Web. System requirements: Web browser. Access may be restricted to users at subscribing institutions.

Description based on publisher's website, viewed May 03, 2017.

ISBN:

9780803170698 (e-ISBN)

9780803170681

Access Restriction:

Restricted for use by site license.