The UK oil and gas industry is set to become a pioneer in decommissioning activity globally and has the opportunity to become leaders in this field according to Wood Mackenzie.
Decom Offshore 2016
A senior executive from Shell's multi billion dollar Brent field decommissioning team said the delay in deploying the enormous would not add to the cost of the project, despite putting put back a year.
The chief executive of Decom North Sea said the Decom 2016 conference had seen the sector turn a corner.
Three oil and gas industry veterans have pooled their years of experience in well management to launch a new company focused on plugging and abandonment in the North Sea.
The UK North Sea has the chance to become a world leader in decommissioning practice, according to a leading industry figure.
Specialist decommissioning consultancy Strategic Decom has teamed with and business intelligence firm Animus to create a new technology platform - DecomIntelligence - to facilitate better collaboration in the decommissioning industry.
With more than 250 subsea wells and over 500 platform wells to be decommissioned in the UKCS by 2022, all must be permanently abandoned by setting the required barriers (plugs), severing all casings and conductor 10ft below mudline.
The burgeoning decommissioning sector will bring technical challenges and opportunities that the North Sea supply chain are well placed to exploit.