Scotland’s first ultra-deep-water (UDW) port would have to secure 10 decommissioning projects to pay for itself, a flagship report said.
Dales Voe has been named as the preferred location for the UK’s first ultra deep-water port and has an approved planning application to increase the decommissioning capabilities on site, opening up a unique opportunity for North Sea operators in the region.
The taxpayers’ bill for developing facilities to create a North Sea decommissioning hub in Shetland could reach £100 million, the leader of the unsuccessful attempt to win the work for Dundee has claimed.
The boss at Lerwick harbour said building an ultra-deep-water port in Shetland would “fill a gap” in the UK decommissioning market.
Shetland’s hopes of securing a bigger slice of the multi-billion pound North Sea decommissioning market have received a boost.