Chevron is responsible for decommissioning dozens of platforms at the giant Erawan Block, which it will hand over to Thai national oil company PTT Exploration & Production (PTTEP) in April 2022, when its concessionary contract expires. However, delays in official government approvals leaves key decommissioning contracts stalled for now.
It is all very well to talk about coming out the other side of crises but it’s only by investing that we will get there in better shape.
The contribution decommissioning can make to the low carbon future will be a key theme at OGUK’s first ever virtual conference later this month.
Decommissioning services firm Petrodec has completed its second major skidding operation with the Pickerill B topside removal.
Aberdeen offshore rental firm Hiretech has announced it has acquired new equipment as part of a recent six figure investment in decommissioning equipment.
The first awards ceremony has been launched to in an effort to innovate and celebrate the burgeoning decommissioning sector springing up within the North Sea oil and gas industry.
The North Sea’s oil and gas reserves remain significant – even after decades of production and prosperity.
The company’s engineering and consultancy group, appointed to the job after a tender process, has returned with a governance framework for SSE’s decommissioning and demolition (D&D) practice.
The Port of Dundee has appointed Southbay Civil Engineering as part of its multi-million pound North Sea decommissioning revamp.
What is your view and recommendation for best practice decommissioning – specifically in the North Sea?
Oil firms trying to sell off ageing North Sea fields are said to be considering shouldering hundreds of millions of dollars in potential dismantling costs in a bid to find buyers. According to reports, the decrease in spending brought on by the oil price decline, has triggered companies to increase efficiencies and sell or shut down assets which are no longer profitable. However despite a number of assets going up for sale in recent months, few deals have been completed.