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Oil and gas producers will be subject to tougher liabilities and rules around decommissioning in Australia in an effort to prevent a repeat of the Northern Endeavour fiasco, which is expected to cost taxpayers over $190 million.

The raft of measures announced yesterday by federal resources minister Keith Pitt includes a stricter “trailing liability” regime, which will allow the government to pursue a former permit holder to pay for decommissioning work if needed.

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Photo Credit: Energy Voice

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