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AbstractThe decommissioning of offshore structures has increasing importance for the international oil and gas industry. Venezuela has several structures in Lake Maracaibo, and is currently planning the development of its oil and gas resources in the Caribbean Sea. The possible alternatives for decommissioning offshore structures are analyzed based on experiences in different countries and interviews with key individuals and organizations on their positions, perspectives, and willingness to participate in proactive and innovative solutions. The main findings are the need for specific terms and guidelines. Special attention is focused on turning structures into artificial reefs.