The Offshore Europe Partnership has launched a new Decommissioning Zone for SPE Offshore Europe 2107.
The idea of a Decommissioning Zone responds to requests from industry for decommissioning education, solutions and contacts. Working in partnership with Decom North Sea (DNS), the new Zone will provide a platform to share the latest thinking about this increasingly important part of the industry’s lifecycle and to showcase the related technology.
The UKCS decommissioning market is significant, with an estimated spend in 2014 of around £500 million. There will be a steady increase in the number of fields ceasing production, due in part to uncertain oil prices and an inevitable increase in production costs, as assets reach late life. There are already 40 decommissioning programmes in progress, with a further 60 under discussion (DECC, 2014).