Quantifying Decommissioning Risk in the Deepwater Gulf of Mexico

被引:4
|
作者
Kaiser, Mark J. [1 ]
Liu, Mingming [2 ]
机构
[1] Louisiana State Univ, Ctr Energy Studies, Baton Rouge, LA 70803 USA
[2] Acad Chinese Energy Strategy, Beijing, Peoples R China
来源
ENGINEERING ECONOMIST | 2015年 / 60卷 / 01期
关键词
D O I
10.1080/0013791X.2014.932036
中图分类号
F [经济];
学科分类号
02 ;
摘要
Deepwater oil and gas structures are expensive to install and will be expensive to dismantle when the asset no longer serves a useful purpose. Deepwater structures present special risk because decommissioning expenditures are expected to cost tens to hundreds of millions of dollars to perform, and occur when the asset no longer generates revenue. An analytic framework is presented to quantify the decommissioning risk of offshore structures by comparing the value of an asset's reserves to its undiscounted asset retirement obligations. The procedure is applied to the deepwater fixed platform and compliant tower inventory in the Gulf of Mexico circa January 2013.
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页码:40 / 74
页数:35
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