“Timely meeting our abandonment liabilities is our commitment to our stakeholders”
A documented End-of-Life Plan is in place for all the assetsand issued to the relevant regulators:
The End-of-Life plan is based on the appraisal of the subsurface formations and relevant reserves and, correspondingly, of the practicable asset development plans
The existing wells/production facilities are continuously appraised for the purpose of evaluating the relevant the integrity and fitness for purposes on the basis of a rosk-based integrity management plan
The End-of-Life plan includes costed life extension activity, phased abandonment plans, site re-deployment
The necessary funds are segregated as a guarantee to our near-term abandonment commitments.