End of Life

“Timely meeting our abandonment liabilities is our commitment to our stakeholders”

    • A documented End-of-Life Plan is in place for all the assets and 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.