SEELOS 4th Annual Meeting: Advancing Safe Decommissioning and Recycling Facilities
Hosted by Newcastle University in Singapore (NUiS) on 22 August 2023
NSTA: £40Bn forecast spend on UK North Sea decommissioning
Rising costs, extended field production and new developments have increased the forecast capex for decommissioning oil and gas facilities offshore the UK to £40Bn (US$51Bn). This decommissioning cost estimate is up from the £37Bn (US$47Bn) forecast in November 2022, as developments are added and costs for vessels, drilling rigs and specialist equipment have risen. The […]
UK Offshore Oil Sector Spent $2B+ on Decom in 2022
The UK’s offshore oil and gas industry spent GBP 1.6 billion ($2.03 billion) on decommissioning in 2022. That’s according to a new report on UKCS decommissioning from the North Sea Transition Authority (NSTA) released this week, which highlighted that this is the sector’s highest annual total to date. The report noted that there is “significant […]
New cost metrics can be used to help predict decommissioning liabilities
In part one of this article (Offshore May-June 2023), we showed how the valuation of reserves (known as the standardized measure, STM) and asset retirement obligations (AROs) for oil and gas companies were closely correlated with production. Here in Part 2, we introduce two new unit cost metrics that normalize asset retirement obligations by production […]
Esso’s Gippsland Basin platforms decommissioning plan out for public comment
PERTH, Australia – NOPSEMA, the Australian offshore energy regulator, has published Esso Australia’s first-phase offshore Gippsland Basin Decommissioning Environment Plan (EP) for public comment. Although there is no requirement in Australia for submitting EPs for decommissioning for public comment, in this instance Esso has initiated a voluntary process, facilitated by NOPSEMA, giving interested stakeholders the […]
EnQuest Heather platform to go to Denmark for decommissioning
The EnQuest (LON: ENQ) Heather oil and gas platform will go to Denmark for decommissioning, with a key contract handed out to a yard today. Modern American Recycling Services Europe (MARS) in Frederikshavn has been awarded the work by Allseas for the Heather Alpha topsides. One of the oldest installations in the North Sea, removal […]
McDermott secures offshore decommissioning contract
Houston-based oilfield services provider McDermott, has been awarded a contract by Woodside Energy for offshore decommissioning in Australia. The engineering, procurement and removal contract is for the Stybarrow disconnectable turret mooring (DTM) buoy as part of decommissioning efforts in the field of the same name of the northwest coast of Australia. News article on 11 […]
UK subsea tidal and decommissioning projects completed
DeepOcean has completed a contract to provide maintenance to a tidal stream facility and has finished a subsea decommissioning project, both offshore Scotland Siem Offshore’s 2013-built Siem Day offshore subsea construction vessel has reinstalled an Andritz Hydro Hammerfest tidal turbine generator at SAE’s MeyGen project in Pentland Firth, offshore Scotland under DeepOcean’s management. News article […]
Fostering Collaboration and Advancing Decommissioning Practices at Muhibbah Engineering Malaysia Berhad
Hosted by Universiti Teknologi Malaysia (UTM) on 23 June 2023
DNO Wraps Up Offshore Decommissioning Project in UK
Norwegian oil and gas company DNO said Monday that the wellhead platform production facilities had been removed from the Schooner field offshore UK, in what the company said was the last major offshore operation under DNO’s multi-year North Sea decommissioning program. The heavy lift was conducted using the Heerema Marine Contractors’ semi-submersible crane vessel Thialf. […]
