An Aberdeen-based firm of decommissioning consultants has delivered a high-level strategy to the Japan Oil & Gas and Metals National Corporation to provide Japanese oil and gas companies with a better understanding of the decommissioning process and how to manage their global asset and abandonment liabilities.
A team from Xodus spent six months researching and collating international decommissioning best practice and presented the findings to over 100 operators and businesses at JOGMEC’s Technology Research Centre near Tokyo.
Xodus outlined guidelines to the Japanese operators with practical information on how to approach planning for cessation of production and asset retirement activities. The team also presented cost estimation guidelines and templates to assist operators to understand cost modelling methodology and refine cost estimates as assets approach cessation of production.
Peter Tipler, decommissioning lead at Xodus Group said: “Providing a truly global perspective, it has been a fascinating project. The findings of the research give an excellent overview of the status of decommissioning internationally as well as an insight into future areas of development.
“Our research has helped put into context the complexities of global decommissioning such as timing and cost implications for decommissioning, current and future oil and gas transactions or how an operator’s relationship with its partners, stakeholders, regulators and government is as important as its relationship with supply chain. We anticipate growing engagement with JOGMEC and from the Japanese operators in the coming months.”
JOGMEC visited Aberdeen earlier in the year to attend meetings with key companies and experts involved in decommissioning.
JOGMEC is interested in carry out joint research projects with UK companies and technology organisations and is exploring potential joint initiatives with organisations, such as the Oil and Gas Technology Centre (OGTC).
Many Japanese oil and gas companies are non-operating partners in North Sea fields and assets, as well as operating partners in regions such as South-East Asia and Australasia.
Meanwhile, Xodus has recruited Enrico Salardi as its new decommissioning director. He has more than 20 years’ experience in managing oil and gas assets.
He joins Xodus from Quadrant Energy where he was senior project manager for a number of decommissioning programmes in Australia.
7 Sept 2017