Oil and gas decommissioning costs to hit nearly £17bn with 1.2m tonnes from North Sea to be removed
With 1.2 million tonnes of disused oil and gas installations from the North Sea expected to be removed for reuse and recycling, UK oil and gas firms are being forecast to spend some £16.6bn on decommissioning work over the next decade. Industry body Oil and Gas UK (OGUK) said work in this area would be […]
Decade-long decommissioning programme will generate £16 billion of work from North Sea
More than £16 billion will be spent over the coming decade recovering 1.2 million tonnes of disused oil and gas gear from the North Sea for reuse and recycling. Oil and gas installations ranging from massive rigs to the well heads that sit on the seabed in hundreds of metres of water are to be […]
Three Killed While Decommissioning Aging FSO Off Libya
Last week, three workers were killed during the decommissioning of an aging FSO off the coast of Libya, according to operator Mellitah Oil & Gas. Mellitah put the Sloug up for bid in early 2020, offering up the vessel and any residual hydrocarbons inside of it on an as-is/where-is basis. The terms of the tender […]
Harbour submits decommissioning plan for LOGGS Saturn platforms
Harbour Energy has submitted plans to decommission a series of platforms and pipelines around the Lincolnshire Offshore Gas Gathering System (LOGGS). The plans cover the Mimas MN, Saturn ND and Tethys TN installations and associated pipelines, collectively known as the LOGGS’ Saturn satellites, which lie between 62 and 73 miles off the Lincolnshire coast. All […]
California’s offshore oil rigs are decades old, and industry resists decommissioning them
Amid a week of horror and heartbreak, outrage and demands for greater accountability, many Californians couldn’t help but question all the other oil platforms that have rusted and churned for decades just a few miles offshore. Take Platform A, perhaps the most notorious rig of them all: On the morning of Jan. 28, 1969, this […]
Sea Sentinels in push to ensure greener recycling
Yards worldwide are rising to the challenge of sustainable ship recycling in response to stringent new EU regulations, but third-party supervision is still needed to ensure compliance with these rules and eliminate reputational risk for the shipowner, according to recycling consultancy Sea Sentinels. Environmental, social and governance principles are now seen as vital to a […]
Facility Decommissioning: New Approaches to Planning, Engaging Stakeholders, and Pipelines
These four technical papers provide an overview of how facility decommissioning is addressed these days, including a case study in east Asia and a discussion of what to do with pipelines, flowlines, and umbilicals to preserve the environment—should they stay, or should they go? Certain things or events that you use to illustrate something immediately […]
Well-Safe lands “step-change” decommissioning contract in North Sea
Starting in 2022, the Aberdeen-headquartered firm Well-Safe Solutions will plug and abandon (P&A) 14 wells in the Buchan and Hannay fields in the North Sea, using the Well-Safe Guardian rig as part of a multi-million-pound deal with Repsol Sinopec. The contract is the first fully inclusive well decommissioning contract of its kind according to Well-Safe […]
BHP decommissioning bill pegged at $3.9bn
BHP Group will transfer some $3.9 billion worth of oil and gas decommissioning liabilities to Woodside if the pair’s merger goes through successfully. The liability is much smaller than expected helping to ease investor concerns at Woodside. “The long awaited BHPP (BHP Petroleum) abandonment provision number has been released, coming in below what we feared […]
Chevron’s Thailand decommissioning campaign in limbo
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. Last year, Chevron issued tenders seeking […]