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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 Blog

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. Additionality.

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Subsea Plugging & Abandonment: Light Well Intervention Vessel Overview

Drillers

A temporarily abandoned (long-term suspension) well has been abandoned, and the well control equipment is removed with the intention of later re-entry or to abandon permanently.