Decommissioning North Sea oil and gas facilities is projected to cost £40.6 billion over the next 25 years.
When the time is right, oil companies will seek to decommission as efficiently and cost effectively as possible while ensuring they meet their safety and environmental obligations.
These issues will take centre stage next month at the Offshore Decommissioning Conference in St. Andrews (October 7-9). Conference themes include:
- Collaboration Delivering Business Benefit
- The Wells Challenge
- The Lifting and Moving Challenge
- Innovation & Technology
- Sharing the Space
Keynote speaker is Gordon Ballard, Chairman, Schlumberger UK, who said yesterday: “Decommissioning is a big challenge for an industry which is currently seeking to maximise economic recovery. It is a careful balancing act but one the sector must be fully prepared for.
“The need to control costs and maximise efficiency is recognised across the industry today, and those principles equally apply in the decommissioning arena.”