Decommissioning Challenge Fund awards £1.1m in first round

The Port of Dundee

A Scottish Government fund for helping the country secure decommissioning work has awarded £1.1million worth of backing to six ports.

The first awards from the Decommissioning Challenge Fund have gone to projects in Dundee, Methil, Montrose, Ardersier, Stornoway and Hunterston.

The projects will support work towards infrastructure improvements for decommissioning at ports and yards, including the installation of the UK’s largest permanent quayside crane in Dundee.

First Minister Nicola Sturgeon launched the fund during a visit to Aberdeen in February.

Economy Secretary Keith Brown said: “Companies across the supply chain are actively engaged in decommissioning projects, with Scottish based firms having secured more than half of the value of contracts awarded.

“Our Decommissioning Challenge Fund is a clear signal to the market to think seriously about decommissioning – a market forecasted to be worth £17 billion by 2025 – and to plan and invest accordingly.

“In spite of the competition, Scotland has distinct advantages and assets that make it an attractive offer – and we are doing everything possible to stimulate investment and ensure our oil and gas sector remains competitive and attractive for decades to come.”