Australia’s decommissioning sector has reached a pivotal moment with the release of the Offshore Resources Decommissioning Roadmap by the Albanese Government. This initiative outlines a $60 billion pipeline of opportunities for the responsible management of offshore infrastructure over the coming decades, providing a strong foundation for collaboration across the supply chain.
CODA CEO Francis Norman highlighted the significance of this milestone:
“The roadmap and its associated studies and reports will help to set expectations between parties as Australia’s decommissioning workload increases over the next ten years. It also recognises that engagement between federal, state, and territory governments is essential for achieving streamlined and effective planning.”
The Roadmap’s emphasis on coordinated planning and investment reflects the increasing importance of efficient and sustainable approaches to decommissioning. By fostering knowledge sharing and partnerships, the industry can meet growing challenges with innovative solutions and expertise.
With measures such as the establishment of a Decommissioning Directorate and partnerships like the UK MoU, the framework supports a collaborative and forward-thinking industry approach. CODA sees these steps as valuable enablers of an integrated supply chain that maximises economic and environmental outcomes.
“CODA has been working with companies and regulators in the UK, Norway, and Denmark for a number of years. Having this agreement in place is a recognition that decommissioning is both a global challenge and opportunity—one where we can all learn from each other.” – Francis Norman
The Roadmap highlights the scale of decommissioning in Australia, with significant opportunities for recycling, repurposing, and sustainable project execution. The economic benefits are substantial, particularly in regional hubs like Western Australia, where decommissioning activities can generate highly skilled roles and drive economic growth.
Supporting industry progress
CODA remains committed to providing insights, connections, and resources to support industry stakeholders. By encouraging best practices and facilitating discussions, we aim to help partners, and the wider industry navigate this transformative period effectively.
This milestone represents a strong signal of confidence in the sector’s ability to deliver high-quality decommissioning outcomes. As activity ramps up, the roadmap provides clarity and direction for businesses seeking to contribute to a competitive and sustainable future for offshore resources in Australia.
View Australia’s Offshore Resources Decommissioning Roadmap
Posted 10 December 2024
