Fairfield, Petrofac and Wood Group highlight decommissioning new-business potential in N. Sea

petrofac-operationsThere are business opportunities available now for enterprising firms ready to take on the efficiency challenge and contribute to the sector’s efforts to improve competitiveness in the N. Sea decommissioning market.

This was the message from Fairfield Energy, Petrofac and Wood Group who took part in a special ‘Share Fair’ decommissioning Oil and Gas UK procurement event.

Fairfield Energy, currently in the process of decommissioning the Dunlin asset, talked about a range of decommissioning activities for which supply chain innovation and support is being sought.

Delegates heard from Wood Group that in 2015 alone, £1 billion had been spent by the industry on decommissioning, while Petrofac noted how the sector’s approach to working in this area is now changing in alignment with the industry’s need to work co-operatively to make the most of the business opportunities available.

Stephen Marcos Jones, director of business excellence at OGUK, commented: “Participants say these events are an ideal arena in which to gather information, network with industry peers and start the conversations which help both operators and the supply chain understand how and where they can work most effectively together.

“We welcomed delegates new to decommissioning who highlighted the value of the information available and the experts on hand to answer queries. For those familiar with the subject, they appreciated the opportunity to gain a deeper practical understanding of the tools available to deliver efficient late-life asset management plus the technical issues, and the sheer diversity of work scopes involved in decommissioning assignments.

“One of the most prominent themes was the urgent need for the sector to adopt a co-operative approach in business behaviours. Making this cultural change is vital to enable suppliers and their clients to work smarter and more efficiently to compete effectively for decommissioning opportunities, and carry out these activities safely and cost-effectively in an environmentally responsible manner.”

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