Abandonment cost
id:
abandonment-cost-311-2611775
title:
Abandonment cost
text:
Abandonment costs or Abandonment expenditure (ABEX) are costs associated with the abandonment of a business venture. Abandonment costs traditionally applied to the process of abandoning an under-producing or non-producing oil or gas well. In that context, it means the removal of equipment, plugging of the well with cement, any environmental clean-up, etc. necessary to shut the well down. It is occasionally referred to as "Removal and Abandonment" or R & A. The objective of well abandonment is to
brand slug:
wiki
category slug:
encyclopedia
description:
Economic consideration regarding asset write offs
original url:
https://en.wikipedia.org/wiki/Abandonment_cost
date created:
date modified:
2024-01-30T12:02:16Z
main entity:
{"identifier":"Q4663383","url":"https://www.wikidata.org/entity/Q4663383"}
image:
fields total:
13
integrity:
14