Industry to highlight cost-cutting potential of new decommissioning technology for £50b N. Sea market

decommissioning oil rigsThe role of innovation in delivering operational benefits to decommissioning activities is set to be highlighted by an industry event which has been organised by the Oil & Gas Innovation Centre and Decom North Sea.

The N. Sea Decommissioning: Technology Innovation Platform event will provide the opportunity to learn about pertinent new and existing technology that has cost, safety or environmental benefits.

Ten companies will present their technology, which has the potential to help companies achieve the 35% decommissioning cost reduction targeted by the Oil and Gas Authority.  Speakers at the event next month in Aberdeen will include Colette Cohen, chief executive of the Oil and Gas Technology Centre and Jim Christie, head of decommissioning at the Oil and Gas Authority.

Ian Phillips, chief executive of OGIC, said: “Reducing the cost of decommissioning is one of the targets set out by the Oil and Gas Authority and developing innovative solutions is vital to achieving that aim.

“Decommissioning is a growing element of energy operations in the UKCS and offers significant opportunities for the supply chain, in terms of developing new processes and technologies which will be needed globally.”

Roger Esson, Chief Executive, Decom North Sea, added: “Crucial to that is an increased awareness of the innovative technology out there, the adoption of which will be fundamental to ensuring decommissioning work is undertaken in a safe, efficient and cost-effective manner – not only in the North Sea but also in international locations.”

See also:

UK Govt. launches campaign to drive new exploration in the N. Sea: ‘It’s a mature basin – but with frontier opportunities’

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