The Commonwealth-Victoria Intergovernmental Agreement on Decommissioning Oil and Gas Infrastructure establishes a framework for cooperation between the Australian Government and the Victorian Government to support the growth of Australia’s offshore decommissioning industry.
The agreement promotes workforce development, regulatory coordination, investment opportunities, and the responsible recycling and management of decommissioned oil and gas infrastructure, recognising the significant economic, employment and environmental opportunities associated with Australia’s growing decommissioning sector.
The agreement came into effect on 27 October 2026, when it was signed by the Australian Government and Victorian Government.