A review of the multicriteria decision analysis applied to oil and gas decommissioning problems

Regardless of the economic activity, decommissioning decisions are often highly complex. This is due to the diversity of operational and local parameters, as well as the multitude of stakeholders involved, who generally have conflicting interests. This sets up a challenging multi-criteria decision p...

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Bibliographic Details
Published in:Ocean & coastal management Vol. 184; p. 105000
Main Authors: Martins, I.D., Moraes, F.F., Távora, G., Soares, H.L.F., Infante, C.E., Arruda, E.F., Bahiense, L., Caprace, J., Lourenço, M.I.
Format: Journal Article
Language:English
Published: Elsevier Ltd 01-02-2020
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Summary:Regardless of the economic activity, decommissioning decisions are often highly complex. This is due to the diversity of operational and local parameters, as well as the multitude of stakeholders involved, who generally have conflicting interests. This sets up a challenging multi-criteria decision problem on the activities to be carried out during the decommissioning process. This paper aims to present an overview of decision-support tools applied to decommissioning, and covers many economic sectors, with a focus on the oil and gas sector and on multi-criteria decision analysis (MCDA) methods. The paper delves deep into the aspects to be considered before reaching a decision, examining the experiences and methods found both in industrial reports and in academic papers. •169 academic papers and industrial reports have been reviewed.•33% of the researched literature is on applications to the oil and gas sector.•We recommend the use of decision support tools to evaluate competing alternatives.•AHP, Promethee, TOPSIS and comparative assessment are used more frequently.•The work overviews the subcriteria used in industrial reports and academic papers.
ISSN:0964-5691
1873-524X
DOI:10.1016/j.ocecoaman.2019.105000