A cross-sector event is taking place today to explore how to reduce decommissioning costs in the UK and Dutch areas of the southern North Sea(SNS).
Organised by the East of England Energy Group (EEEGR), the event will feature presentations for operators on both sides of the SNS including Shell, Spirit Energy, Neptune, Perenco and Oranje-Nassau.
It has been developed in collaboration with the Oil and Gas Authority (OGA) and will take place today at Norwich City Football Club.
EEEGR said that with decommissioning set to cost up to £70billion in the UK, along with significant costs in the Dutch sector, it represents an “enormous” opportunity for the supply chains of both countries.
A repeat event will be held in Amsterdam later this month.
An estimated 1,200 wells are expected to require decommissioning between the UK and Dutch sectors of the southern North Sea.
EEEGR’s CEO Simon Gray said: “The oil and gas industry has to work together if the costs around decommissioning are to be kept to a minimum and the opportunities it presents to the supply chain are to be fully realised.
“These events will give people from the industry in the UK and the Netherlands the chance to explore the challenges of decommissioning in the shallower waters of the SNS basin in interactive sessions and connect with potential new clients.”
The EEEGR’s special interest group announced in March that it plans to open up more collaboration with the Dutch sector to tackle decommissioning challenges.
Bill Cattanach, head of supply chain at the OGA said: “Momentum has been building for this first ever cross-border interactive engagement event with our Dutch neighbours.
“This unique occasion will create the environment for SNS operators and service sector to come together in a collaborative environment where growing opportunities for the supply chain are expected to be unveiled.
“It’s great to see UK and Netherlands combining forces to address major technological and cost-saving challenges and we are optimistic this powerful approach will reap success.”