CASPIAN DECOMMISSIONING POSES LEGAL AND ENVIRONMENTAL CHALLENGES
August 1st, 2012
BY MARK ROWE
THE CASPIAN Sea oil and gas industry is among the most promising worldwide, so it can seem strange at face value to take in the spectacle of rigs going down, as well as up, sometimes cheek by jowl.
Earlier this year, Dubai-based Dragon Oil commenced the plugging, abandonment and decommissioning of old non-producing wells in the Cheleken Contract Area in the Turkmenistan sector of the Caspian. The company had identified groups of wells based on status and age, and had, it said, "awarded a contract to a company specialising in offshore well plug ...
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