Woodside sold the project to an insubstantial company to avoid a few hundred million in decommissioning costs: now it and its competitors will pay the price.
National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA)
The Perth-based National Offshore Petroleum Safety and Environmental Management Authority is the independent health, safety and environmental regulator for oil and gas in Commonwealth waters.
The first bill of $10 million bill is due for the failed Northern Endeavour as it is revealed that Woodside's sale of the vessel four years ago required no government approval.
If the Federal Government had been alert the financial failure of the Northern Endeavourur would not have been a surprise. Now Canberra has a huge bill for its omission.
Concerns about potential oil leaks caused the safety regulator to bar workers from an area of the MODEC Venture 11 floating production facility off WA for over a week.
