DNV GL defines $US32B in potential savings

CONSULTANCY DNV GL says it will soon release new guidelines to outline a risk-based approach instead of the current prescriptive practice for plugging and abandoning offshore wells, potentially slicing costs by as much as 50%.

DNV GL defines $US32B in potential savings DNV GL defines $US32B in potential savings DNV GL defines $US32B in potential savings DNV GL defines $US32B in potential savings DNV GL defines $US32B in potential savings

The group says the cost of abandoning offshore wells on the Norwegian Continental Shelf over the next 40 years could tally up to $US108 billion ($A140 billion), so the costs globally for operators and

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