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FT CHANNELS FT Energy Source A costly headache: the world’s ageing offshore oil and gas infrastructure FT Energy Source

FT Energy Source

by Iberdrola

A costly headache: the world’s ageing offshore oil and gas infrastructure

Much of the world’s offshore oil and gas infrastructure is reaching the end of its lifetime. But decommissioning rigs and platforms will cost billions, in what can be a dangerous and complex procedure. As the FT’s Myles McCormick explains, there is no global legally binding agreement when it comes to disassembling offshore infrastructure, and progress so far has been far from encouraging.

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Energy Source is FT's trusted destination on essential news, forward-thinking analysis and insider intelligence around the world's most indispensable business. The channel combines independent reporting by FT journalists with expert insights from global electricity group Iberdrola.