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The cost of a routine abandonment of a typical well in the United States is about $5,000 (~Texas average cost in year 2000). If a well has developed a leak that allows gas to flow up the outside of the well casing, finding and correcting the leak can push the cost of abandonment beyond $100,000.
However, in 2006, the NDA reported that the cost of cleaning up existing waste was higher than previously thought, and gave a new estimated decommissioning cost of about £72 billion over a 100-year period. [17] In 2008, estimated decommissioning costs increased to £73.6 billion, or after taking account of discount rates, £44.1 billion. [18]
The costs of decommissioning are to be covered by funds that are provided for in a decommissioning plan, which is part of the facility's initial authorization, before the start of the operations. In this way, it is ensured that there will be sufficient money to pay for the eventual decommissioning of the facility.
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Decommissioning wells effectively can be expensive, costing several thousands of dollars for a shallow land well to millions of dollars for an offshore one. [1] Thus the burden may fall on government agencies or surface landowners when a business entity can no longer be held responsible.
Cost reduction is the process used by ... the distribution and profile of costs in their business". ... decommissioning of various warships and aircraft ...
Application retirement, also called application decommissioning [1] and application sunsetting, is the practice of shutting down redundant or obsolete business applications while retaining access to the historical data.
Decommissioning the plant was estimated to cost tens of billions of dollars in 2013/2014 and last 30 to 40 years. [6] [7] In November 2016, Japan's trade ministry put the cost of the clean up of radioactive contamination and compensation for victims at US$180 billion (20 trillion yen). [8]