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decom

Opinion

Decommissioning – whose liability is it anyway?

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.

Oil & Gas

UK North Sea poised for surge in decommissioning activity

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.

Other News

Decom Offshore 2015 programme revealed

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.

Other News

North Sea industry veteran to speak at Decom conference

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.