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US needs $30bn to seal 14,000 unplugged offshore oil and gas wells: study
US needs $30bn to seal 14,000 unplugged offshore oil and gas wells: study
Business and Economy
by  AFP

The cost to secure thousands of inactive oil and gas wells in the US Gulf of Mexico could top $30 billion, according to research published Monday weighing potential environmental damage against the estimated price tag. In the case of the Gulf of Mexico wells, the study found that of the total $30 billion in estimated costs for plugging inactive wells, under $2 billion were in state waters.