Following a £750K investment, Brimmond now boasts one of the largest rental fleets of high-capacity marine cranes in the UK.
plugging and abandonment (P&A)
In the US waters of the Gulf of Mexico alone, there are 14,000 unplugged, non-producing offshore oil wells, according to a new study, which could cost $30bn to decommission.
Noble and BP have struck a deal worth $50 million (£40.5m) for drilling and, plugging and abandonment services in the UK sector of the North Sea.
Stena Drilling has announced the creation of a new start-up venture, aimed at providing fully managed well construction and decommissioning.
North Sea decommissioning is estimated at £46billion and the regulator recently warned that the industry may fall short of its cost cutting target. However, "groundbreaking” deals are emerging which could make significant headway.
Troubled operator Hurricane Energy has announced the completion of decommissioning work to its Lincoln well, which it once hoped to develop, in the west of Shetland.