TOWARDS A SUSTAINABLE FUTURE: MAKING THE CASE FOR ADVANCED DECOMMISSIONING PRACTICES IN THE U.S. OIL & GAS INDUSTRY

ABSTRACT

The U.S. Oil and gas industry stands at a critical crossroads, facing the intricate task of decommissioning legacy infrastructure while simultaneously striving to align with global sustainability goals. This comprehensive study delves into the multifaceted realm of advanced decommissioning practices, elucidating their paramount significance in promoting environmental conservation, economic resilience, and holistic stakeholder engagement. Through a meticulous analysis of both traditional and innovative decommissioning methodologies, the paper underscores the pivotal role the U.S. can play in spearheading global sustainability initiatives. As the industry grapples with the challenges and opportunities of the 21st century, the imperative to embrace transformative change becomes evident. This change encompasses technological and procedural advancements and a paradigm shift in industry ethos towards a more sustainable and inclusive future. The paper concludes with a compelling call to action, urging industry stakeholders, policymakers, and the broader community to collaboratively champion these advanced practices, ensuring that the U.S. Oil and gas sector remains at the forefront of global sustainability efforts while safeguarding environmental and socio-economic equilibria.