will bring new business from the oil production and decommissioning industries.
(PRWEB) October 19, 2009
The decommissioning industry in the North Sea has seen the completion of landmark projects this year, including the Frigg field, and the NW Hutton Jacket, and with these projects has come a new wave of industry leading advances which are pushing the industry into its maturity.
The North Sea was well represented at EyeforEnergy's Asia-Pacific Decommissioning conference this month, with Keith Mayo, Head of Offshore Decommissioning at DECC reminding delegates that there is still a huge amount of work approaching in the UK and Norway. This is behind the excitement being generated ahead of the forthcoming 6th Annual North Sea Decommissioning Summit in Aberdeen next month. (See http://www.eyeforenergy.com/info/24 for details)
With this in mind, it is small wonder that companies such as Cutting Underwater Technologies (CUT) are introducing innovative new methods of tackling decommissioning products faster and at a lower cost. In a recent press release from CUT, General Manager Dino Vallarino said "The castellated cutting system we have devised has the potential to offer operators substantial savings. Because the castellated cut leaves a high level of residual stability in the severed structure it may be possible to carry out a number of the major, time-consuming, cuts from a smaller support vessel prior to the arrival on-site of the large, expensive, heavy lift crane barge." More info at http://bit.ly/3lRv7d
Companies offering solutions like this are making decommissioning less of an enormous, unknown expenditure for operators, and this is starting to get the industry moving. Lerwick Harbour in the Shetland Islands has recently formally launched a multi-million pound project to expand and offer deeper and larger facilities which "will bring new business from the oil production and decommissioning industries." (See http://bit.ly/xOFhO)
Both CUT and The Shetland Decommissioning group comprising Veolia Environmental and Peterson SBS are set to speak at the 6th Annual North Sea Decommissioning Summit next month, along with a huge range of other industry leading groups, including an examination of recent results of a Douglas-Westwood/Deloitte report into the space, stating that "65 percent of fields currently active on the UKCS are due to be decommissioned over the next 10 years".
Representatives from DECC, OSPAR, Subsea UK, Decom North Sea, Shell, BP, ExxonMobil, Gassco, Marathon Oil, MCX Exploration, Weir Oil and Gas, Talisman Energy, NORECO, and loads more are already confirmed to attend, and the show is set to be the biggest in its history.
For more information or to reserve a place at the event, please visit http://www.eyeforenergy.com/info/24 or call:
Tim (Event Organiser): +44 (0)207 375 7218
Andy (Sales and Bookings): +44 (0)207 375 7512