The anticipated boom in North Sea decommissioning will pose unprecedented logistical challenges, not least the task of heavy lifting of topside rigs weighing more than 10,000 tons – which represent about 9% of all North Sea installations.
Southeast Asia’s nascent decommissioning market can look to the Gulf of Mexico for guidance on a range of issues, but it is also scouting for innovative solutions to some very local challenges – such as the need for dedicated scrapyards to serve multiple jurisdictions.
North Sea operators can cut plugging and abandonment costs by working with suppliers to develop new technologies which improve well analysis, site access and plug durability, according to a top official from the UK’s oil and gas regulator.
The Asia Pacific has been chiefly a bystander amid a flurry of global decommissioning activity, but the slow pace of global economic recovery and aging infrastructure has some operators reconsidering their options.
Concern over potential insolvencies was behind the US Bureau of Ocean Energy Management’s decision to tighten financial security regulations for offshore oil and gas operators, BOEM Risk Management Operations Group’s Wanda Lilly told DecomWorld.
A new report has called on the UK’s North Sea decommissioning industry and government to learn from Gulf of Mexico certification processes for the reuse of end-of-life materials to boost their value to operators and create new sub-sectors in the oil and gas supply chain.