The Oil and Gas Authority (OGA) has forecast that the number of suspended wells in the UK North Sea will surge beyond 1,550 within five years.
Shirley Allen, partner at Pinsent Masons, takes a look at the legal questions surrounding decommissioning and repurposing of North Sea assets.
Decommissioning services firm Petrodec has completed its second major skidding operation with the Pickerill B topside removal.
Oil giant Shell has confirmed that decommissioning work on the Curlew floating production (FPSO) vessel moored in Dundee has been halted.
Spirit Energy has handed in draft decommissioning proposals for two installations and associated pipelines at its South Morecambe field in the east Irish Sea.
The mature phase of oil and gas operations on the UK continental shelf is proving to be more complex than we could have imagined even a few short years ago. It has long been recognised that, once a reservoir was depleted and the infrastructure associated with it redundant, decommissioning would be required in accordance with the UK’s international obligations. But it is now clear that, even as some reservoirs reach that point, new discoveries are being made and their development may depend on having access to existing infrastructure which otherwise would be decommissioned. The complex decisions involved in balancing the needs of new and future projects with the expectations of companies who want to decommission infrastructure is a matter for the Oil and Gas Authority working in conjunction with the Department for Business, Energy and Industrial Strategy.
Stornoway is seeking bids to develop a deep water port, which could bring in fresh opportunities in decommissioning and renewables.
Work is underway to encourage cross-sector collaboration between the UK and the Netherlands on future decommissioning opportunities.
Businesses were last night urged to “grasp the opportunity” available from decommissioning North Sea oil and gas platforms.
A newly-elected Aberdeen MP today said the UK Chancellor wants Aberdeen to become a centre of excellence in the decommissioning industry.
Twelve (very quick) months have passed since I took up my position at Decom North Sea and in that time, a lot has happened in the world of decommissioning.
InterMoor Ltd has added rigless well abandonment capabilities to its UK-based services ahead of an expected North Sea decommissioning boom.
Dundee hopes to secure thousands of new jobs by “revolutionising” the oil and gas decommissioning sector.
Jee Limited has been asked by Tullow Oil to review the company’s approach in their decommissioning programmes for a number of assets in the Southern North Sea.
The cost of North Sea oil and gas decommissioning is expected to double to £2billion within three years as oil and gas firms call time on some of their ageing assets, a new report says. Industry intelligence specialist DecomWorld puts the value of decommissioning costs during 2014 at £1billion, or 4% of total UK continental shelf (UKCS) expenditure. The market is expected to be worth more than £58billion a year by 2050 following a big jump in activity by the end of this decade, DecomWorld says in its North Sea Decommissioning Strategy Report 2015.
Decom North Sea (DNS), the representative body for the offshore decommissioning industry, has announced the full programme for its flagship Decom Offshore 2015 event. Decommissioning – The Economic and Operational Challenges is sponsored by DNV GL and takes place at Aberdeen Exhibition and Conference Centre on Wednesday, May 27. It will support and focus on the cost and efficiency challenges facing the growing decommissioning sector.
North Sea industry veteran Paul de Leeuw has been revealed as the keynote speaker for an upcoming conference for the decommissioning industry. Mr de Leeuw, who has worked in the oil and gas industry for over 25 years for companies including Shell, Marathon Oil, BP, Venture Production and Centrica Energy, will "set the scene" for the conference which will focus on a sector that is "full of opportunity", organisers said. This year’s annual Decom North Sea conference, entitled "Decommissioning – The Economic and Operational Challenges" takes place in Aberdeen on May 27.