DecomWorld: Gulf of Mexico’s Oil and Gas Community to Meet at Industry’s Largest Offshore Decommissioning Summit

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DecomWorld recently reviewed figures and have determined that 2011 represented a record year for decommissioning activity in the Gulf of Mexico, exceeding all predictions with over 200 platforms decommissioned matching the highest rate of decommissioning to date in 2009

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The response from within the industry has been unbelievable this year with the likes of Chevron, Shell, Apache, BP and Stone Energy already heavily involved in the conference program.

DecomWorld recently reviewed figures and have determined that 2011 represented a record year for decommissioning activity in the Gulf of Mexico, exceeding all predictions with over 200 platforms decommissioned matching the highest rate of decommissioning to date in 2009

In a decommissioning market valued at $30bn-$40bn, this spike in activity presents a vast opportunity for service providers in the Gulf of Mexico. On the flip side, increased regulatory burden, combined with the HSE issues and technical challenges that inherently accompany increased activity, will place heavy demands on both operators and contractors.

Forecasts suggest that 2012 is due to be another huge year for offshore decommissioning in the Gulf of Mexico, with operators and contractors gearing up for more projects to take place than ever before! Despite these increases in activity, many challenges still remain for the industry with increased regulatory challenges, plugging and abandonment issues and the need to reduce costs, improve safety & mitigate risk on all future decommissioning projects.

The 4th Annual Decommissioning and Abandonment Summit (March 22-23, 2012, Houston TX) will bring together key operators and contractors to discuss the growing needs for the industry as well as to network and do business to guarantee another successful year for the industry.

Dean Murphy, Head of Sector at DecomWorld stated, “The response from within the industry has been unbelievable this year with the likes of Chevron, Shell, Apache, BP and Stone Energy already heavily involved in the conference program. We are expecting around 800 key decommissioning decision-makers from across the supply chain to be in attendance this year and expect the conference to be a great success”.

You can get more information on the conference program here: http://www.decomworld.com/decommissioning/conference-event-brochure.php

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Dean Murphy
DecomWorld
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