Decom Engineering has kicked off the new year with a stream of global project wins and awards valued in excess of seven figures, as it eyes further growth and recruitment through 2023.
Indonesia’s national oil company Pertamina has signed an agreement on a joint rig-to-reef pilot project with South Korea’s KHAN covering the Attaka offshore blocks in East Kalimantan, Indonesia.
A discovery of “deepwater coral” on the legs of the Ninian Northern platform has rekindled a debate on whether oil installations should be fully removed from the seabed.
BP has signed an exclusive option with Yinson for an FSPO to work on the proposed PAJ project, in Angola’s Block 31.
Scottish firm CessCon Decom has announced the creation of a new joint venture company, Anson International, based in Brunei, as it looks to capitalise on a wave of work across the region.
Australian operator Santos (ASX:STO) is preparing to decommission the floating storage and offloading (FSO) facility, as well as platforms, at Bayu Undan offshore East Timor, as soon as possible, as it accelerates plans for a giant carbon capture and storage (CCS) hub at the mature field.
Petrofac has secured a contract from the Australian Government to carry out the first phase of decommissioning work on the Northern Endeavour.
Energy consultancy Xodus has been awarded the Rigid Pipeline Non-Metallic Component Characterisation study by NERA as part of National Energy Resources Australia's (NERA’s) National Decommissioning Research Initiative (NDRI).
BW Offshore has signed a deal to recycle its BW Cidade de São Vicente at a yard in India, in compliance with the Hong Kong International Convention.
PTT Exploration & Production (PTTEP) (BKK:PTTEP) will be able to access the Chevron-operated Erawan gas field offshore Thailand ahead of a transition in 2022 after the pair signed three agreements designed to smooth the handover process following a bitter dispute.
Australia needs outside help and equipment as it starts a mega offshore decommissioning journey that is expected to cost more than A$50 billion (£27 billion). Significantly, companies with North Sea experience look set to play a pivotal role as the market evolves.
Centre of Decommissioning Australia (CODA) has appointed its inaugural supervisory committee to boost its strategic focus and expertise as it tackles the challenges and opportunities of decommissioning Australia’s ageing oil and gas infrastructure.
Korean firm Samin MTS is teaming up with Pertamina offshoot Elnusa (IDX:ELSA) to tap Indonesia’s giant offshore decommissioning wave.
BHP Group will transfer some $3.9 billion worth of oil and gas decommissioning liabilities to Woodside if the pair’s merger goes through successfully. The liability is much smaller than expected helping to ease investor concerns at Woodside.
Australia’s Santos today announced that it has signed a memorandum of understanding (MoU) with East Timor’s regulator ANPM to progress a carbon capture and storage (CCS) project, estimated to cost $1.6 billion, at the ageing Bayu Undan field in the Timor Sea. But low returns and high complexity threaten the viability of the proposed scheme.
Australia’s offshore environment and safety regulator NOPSEMA has ordered BHP to clean up three offshore fields following years of “limited action” and equipment sinking to the seabed, reported BoilingCold. This will add to the decommissioning burden Woodside will inherit if it absorbs BHP’s oil and gas assets as part of a deal announced last month.
Chevron is responsible for decommissioning dozens of platforms at the giant Erawan Block, which it will hand over to Thai national oil company PTT Exploration & Production (PTTEP) in April 2022, when its concessionary contract expires. However, delays in official government approvals leaves key decommissioning contracts stalled for now.
Indonesian upstream regulator SKK Migas is preparing a strategic plan covering the decommissioning of more than 100 upstream oil and gas platforms in Southeast Asia’s largest producer of hydrocarbons.
Indonesian national oil company (NOC) Pertamina is finalising studies to replace ageing facilities at its Offshore North West Java (ONWJ) and Offshore South East Sumatra (OSES) blocks to help improve production, according to upstream regulator SKKMigas.
Australia is seeking expressions of interest for the Northern Endeavour FPSO decommissioning project. Significantly, this could provide North Sea players the perfect opportunity to get a foothold in the rapidly expanding Australian decommissioning market.
Australia is on the verge of its largest-ever wave of decommissioning as offshore development wells reach the end of their producing life. This is both adding headaches for producers and creating a multi-billion dollar opportunity for plugging and abandonment (P&A) suppliers.
Chevron’s recently-appointed president Chatit Huayhongtong has pledged to ensure a smooth transfer of its Erawan gas field, now facing a legal dispute, to Thai upstream company PTT Exploration and Production (PTTEP), reported the Bangkok Post.
Malaysian offshore service provider Tanjung Offshore, part of T7 Global, has received a $12.2 million contract from Petronas for the provision of plug and abandonment integrated services on the Pulai A field offshore Malaysia.
Claxton, the lead brand of UK-based Acteon's drilling and decommissioning business segment, has signed a master services agreement with Thailand-based Beacon Offshore for the severance and recovery of more than 100 subsea wells in the Gulf of Thailand.
BW Offshore has signed the FPSO Berge Helene over for demolition and recycling in India, the company said.