Description
This document aims to provide recommendations to operators, host governments, and industry stakeholders in establishing effective, transparent, and sustainable decommissioning financial assurance frameworks. The guidance emphasizes creditworthiness, flexibility in assurance instruments, appropriate timing, and cost recoverability, while also addressing governance, divestment scenarios, and residual liabilities. Adoption of this framework is voluntary and should be tailored to local regulatory contexts. The document is intended to foster alignment and discussion among contractual parties and promote confidence in the long-term financial planning of decommissioning activities.