Could Rigs to Reefs Contribute to the UK’s Net Zero Target?
Decommissioning requirements Decommissioning of an offshore installation (such as an oil and gas platform or pipeline and related cables) is required at the end of its operational life. This is a legal requirement under the Petroleum Act 1998 with some limited exceptions which require a permit. The Department for Business, Energy and Industrial Strategy (BEIS) […]
SEELOS 3rd Annual Meeting: Charting a Course for Safe and Sustainable Decommissioning Activities
Hosted by Universiti Teknologi Malaysia (UTM) on 11-13 September 2022
Trailing liability for asset decommissioning in Australia
Australia’s total asset decommissioning liability is estimated to exceed $60 billion between 2020 and 2050. This issue is particularly acute with many fossil fuel assets facing early retirement as a result of the clean energy transition. Consequently, decommissioning stranded or end-of-life assets is becoming an increasingly significant consideration for businesses across a wide range of industries. […]
Offshore Decommissioning Market Set To Experience Revolutionary Growth Till 2029
Surge in demand for oil & gas is predicted to boost the growth of the global offshore decommissioning market over the following couple of years. PORTLAND, OREGON, UNITED STATES, August 2, 2022 /EINPresswire.com/ — The demand within the global offshore decommissioning market is predicted to increase due to growing awareness of mature oil & gas […]
Thompsons of Prudhoe inks two decom contracts with Spirit Energy
Thompsons of Prudhoe has secured contracts to help decommission a trio of North Sea assets, working in collaboration with Heerema and DeepOcean. The contract, the value of which has not been disclosed, will see the Northumberland firm support the dismantling of Spirit Energy’s A-Fields project. The platforms the company will be working on are the […]
UK’s oil & gas decom cost forecasts drop to around $54 billion
UK’s regulator North Sea Transition Authority (NSTA) has outlined in its new report that the decommissioning cost estimate on the UK Continental Shelf (UKCS) has dropped 25 per cent to £44.5 billion (about $54.2 billion). This cost reduction is equivalent to saving £15 billion (around $18.3 billion). The North Sea Transition Authority’s Decommissioning Cost Estimate Report 2022 highlights […]
Decommissioning | AIMS (Australian Institute of Marine Science)
By 2040, more than 2500 offshore oil and gas structures will cease operations globally, and will require decommissioning at a cost of up to US$13 billion per year. In Australian waters alone, there is an estimated 8160km of pipelines, 1500km of umbilicals, 1000 subsea wells, 57 platforms and 500 other structures. To remove or not […]
Studies of Methane Leaks in UK Decommissioned Wells Contrast Methods and Results
A study of a limited number of decommissioned oil and gas wells in England found no evidence of methane leaks, including four wells found to be leaking in an earlier study. In a press release, coauthor Aaron Cahill from Heriot-Watt’s Lyell Center, a partnership between Heriot-Watt and the British Geological Survey, said the findings, published […]
Anson International to set up Brunei’s first commercial marine and decommissioning yard
Newly established consortium Anson International has signed on to set up Brunei’s first commercial integrated marine maintenance yard (MMY) and decommissioning yard (DY) at Pulau Muara Besar to first service domestic, then wider regional, demand. The agreement, signed yesterday at the Ministry of Finance and Economy (MoFE), will see the creation of a 16-acre integrated […]
Subsea technology: Achieving a 99% repurpose and recycle rate during decommissioning
Over the past decade, a subsea provider has been growing its decommissioning capabilities across the North Sea. In a project for Repsol Sinopec Resources, it achieved a 99% repurpose/recycle rate. A decommissioning project carried out by DOF Subsea, on behalf of Repsol Sinopec Resources UK, to project manage and provide engineering, preparation, removal and disposal […]