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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

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. Well Eligibility. Additionality.

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Subsea Plugging & Abandonment: Light Well Intervention Vessel Overview

Drillers

The Challenge I have recently been writing some articles about a keen interest of mine, Subsea Well Intervention. There is a significant focus on plug and abandonment decommissioning in today’s workscopes. The future goal is to perform full permanent abandonment of subsea wells with smaller vessels.

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Improving Plugging and Abandonment Procedures

Permian Basin Oil and Gas Magazine

How Abandoned Wells Hurt the Oil and Gas Industrys Image One of the most visible and negative images involves plugged wells that are leaking and flowing. A recent SMU study revealed a connection between rising pressures in saltwater disposal (SWD) injection formations and leaks/releases in abandoned wells. As of 2022, the U.S.