Mr Pitt said the final cost of decommissioning the vessel permanently moored in Commonwealth waters in the Timor Sea – between the Laminaria and Corallina oil fields – was still to be determined.
But he insisted the government was pushing ahead with the process “to remove potential risks to the environment” and announced a new policy that would tighten oversight to ensure oil and gas companies can’t sell off ageing assets and absolve themselves of the clean up liabilities – as Woodside has sought to do – if something goes wrong.
We have been ensuring the safety of the facility and conducting critical maintenance work since taking responsibility for the facility and will now start the process of decommissioning and remediating the field…
Read the full article at: https://www.afr.com/companies/energy/taxpayers-on-hook-for-timor-sea-oil-cleanup-20201126-p56i8l