Re:Renewed demand for the metal cobalt is breathing new life...
by giarc on Wednesday November 01, 2017 @02:32PM
(#15604145)
The equipment isn't non-functioning. If it were in Canada (or other industrialized country) it would just be moved to another project. However, as this person said, the governments see the value in this equipment, come up with some "fee" for moving the equipment out of the country and the companies just cut their losses and walk away from it.
Much of that equipment, in a place like Canada, is a liability. It must be dealt with properly and that costs money, often far more than the equipment is worth. You cannot just leave stuff in the field. I'd be that many of these companies are happy to abandon oil equipment rather than transport and dispose of it properly.