Home >  Term: abandonment costs
abandonment costs

The costs associated with abandoning a well or production facility. Such costs are specified in the authority for expenditure (AFE), and typically cover the plugging of wells; removal of well equipment, production tanks and associated installations; and surface remediation.

0 0

Creator

  • BSchmidt
  •  (Gold) 2424 points
  • 100% positive feedback
© 2025 CSOFT International, Ltd.