“The department is continuing its work on the wider decommissioning review including the recommendations and findings of the Independent Review into the Circumstances leading to the Administration and Liquidation of the Northern Oil and Gas Australia (the Walker Review),” Mr Pitt told The Australian Financial Review.
He said the department intends to publicly consult on the revised framework this year, with implementation of the changes “from 2021”.
But the timing remains difficult given the assets already up for sale, which include the 50 per cent stakes in the mature Bass Strait oil and gas venture held by ExxonMobil and BHP.
“The heightened government scrutiny towards decommissioning in the wake of the Northern Endeavour debacle pres…
Read the full article at: https://www.afr.com/companies/energy/decommissioning-crisis-clouds-oil-m-and-a-outlook-20201102-p56anf