A joint statement from the UK and Australia regarding a
partnership agreement on offshore oil and gas decommissioning.
Australia and the United Kingdom have signed a partnership
agreement to strengthen cooperation on offshore oil and gas
decommissioning.
This new agreement will match 40 years of UK expertise in the
North Sea with a burgeoning decommissioning services market in
Australia. It builds upon the recently signed Australia-UK
Climate and Energy Partnership which aims to support the economic
resilience and decarbonisation goals of both countries.
The agreement will encourage cooperation in areas including
supply chains, knowledge and skills, regulations, and financing.
It will support engagement between UK and Australian businesses
engaged in decommissioning.
The agreement will also establish a working group comprising of
industry representatives, academic partners, and regulatory
bodies to develop a collaborative framework and partnership
programme.
The working group will identify viable decommissioning projects
that would benefit from cooperation, delivering these in
accordance with international quality and sustainability
standards.
Through the identification of capability, equipment gaps and
strengths, the group will also facilitate the sharing of
decommissioning expertise between the two countries with
knowledge transfer opportunities.
The agreement was signed by Australian Minister for Resources and
Minister for Northern Australia, Madeleine King, and the UK
Minister for Services, Small Businesses and Exports, .
