Correct!
Unbelievable, but you did it anyway. Despite the fact your eyesore of a drilling rig hasn’t been in operation for 14 years, you just can’t stomach the costs of cleaning up the environmental disaster just leaving it there will be. So instead, you issue a tender notice calling for an expert who can “identify the potential to reduce the scope within the decommissioning”[34]. Cut costs, in other words. Not that it matters too much. By late 2024 the liability fund is still just as empty, and no-one has taken action to force PetroSA to pay up. This one is being kicked so far in to touch the players should try out for the Springboks.
References
- 33PetroSA Annual Report 2020,
https://www.petrosa.co.za/PetroSA%20AR%202020%20Final.pdf - 34
