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Operators May Earn and Sell Carbon Credits for the P&A of Inactive, Shut-in, or Temporarily Abandoned Wells

The Energy Law

Operators may now have the potential to sell carbon credits in exchange for the P&A of inactive, shut-in, or temporarily abandoned wells. The EPA estimates that there are over 3 million known abandoned and orphaned oil and gas wells (AOOG wells) in the United States. Well Eligibility. Additionality.

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Subsea Plugging & Abandonment: Light Well Intervention Vessel Overview

Drillers

The Challenge I have recently been writing some articles about a keen interest of mine, Subsea Well Intervention. There is a significant focus on plug and abandonment decommissioning in today’s workscopes. The future goal is to perform full permanent abandonment of subsea wells with smaller vessels.