A NewsBase Special Report on the state of the global decommissioning sector in 2016, containing the following and much more.
- Case study of the Brent field decommissioning project
- Insider insight from Shell and Amec Foster Wheeler
- Exclusive legal analysis by London-based barristers
- Assessment of opportunities in the Gulf of Mexico
- Focus on new technologies and cost-cutting methods
- Coverage of risk and opportunities offshore Asia
As the price crash saps spending on exploration and production, the consensus was that there would be an uplift in decommissioning activity. The rationale was that with low prices, many old projects and their infrastructure would come off line earlier, with retirement processes logically following on.
So far this has not been the case, with many operators looking to conserve cash or spend on productive assets, rather than work on end of life projects.
Now, as the industry adjusts to the new market reality, there is optimism about the future of decommissioning in regions such as the North Sea and the Gulf of Mexico. It provides an opportunity to oilfield services companies that are looking for work, and operators who can duly seek better rates for the equipment and experts that they need.
NewsBase’s Decom Special Report 2016 investigates the state of the market in the bearish price environment. We speak to the operators that are facing decommissioning problems, such as Royal Dutch Shell, and the services providers that are offering solutions, like Amec Foster Wheeler.
We analyse risks and opportunities in Europe, North America and Asia to provide the most comprehensive report on the state of decommissioning in 2016.