Wednesday 2 May 2018

A collaborative supply chain approach to global decommissioning has been launched, offering an end-to-end solution from industry leaders, to reduce the decommissioning burden, risk and cost for operators.

The new global decommissioning consortium, which includes LR, WorleyParsons, and Ardent, brings together 350 years of collective experience to reduce the interfaces, costs and risks of decommissioning for the oil and gas industry.

This consortium includes leading experts to cover all aspects of decommissioning, from late life management to planning, readiness for removal, execution, waste management and monitoring post removal. The consortium has the unique capability to take well operatorship, duty-holdership and title of offshore structures, in addition to providing independent third-party assurance.

Set to Deliver Results

The consortium is set to deliver smarter decommissioning activities with end to end project management and execution for operators in Europe, Asia and Americas that include best practices from other sectors such as float and tow, used widely in salvage.

Offering considerably more technical value for operators than rival partnerships, the members of the consortium have a proven track record across all areas of late life and decommissioning. It can ensure project efficiency, regulatory compliance and cost certainty in the execution of decommissioning activities, wherever in the world the assets may be.

Global spending on oil and gas decommissioning is expected to be $13bn per year by 2040.