William Brook-Hart speaking at the Offshore Decommissioning conference 15 Nov 2016. Ramboll
Speaking at Offshore Decommissioning conference 14 - 16 November 2016, William Brook-Hart from Ramboll's Ports and Marine team presented learnings from recent strategic analysis undertaken by Ramboll into the onshore port infrastructure and supply chain capabilities required to facilitate decommissioning of offshore assets from the Oil & Gas industry. More on the study here.
In his presentation ‘What makes a good recycling facility?’ William discussed port related supply chain excellence and the need for more effective communication by asset owners of their offer to potential clients. This offer should include their available physical infrastructure, experience and capabilities as well as their flexibility in procurement approaches in order to benefit from this evolving industry.
Ramboll’s focus is on the key port criteria relevant to offshore decommissioning including: key infrastructure, accessibility, operational capacity, capabilities, site services, environmental consenting and licensing, recycling and project management experience. William will outline some of the ‘hard’ and ‘soft’ project delivery parameters and the potential options available to operators, ports and supply chain.
Offshore decommissioning activity in the UKCS is predicted to increase significantly in the coming decades, based on aging offshore assets and price movements forcing exploration companies to focus on lower cost, better quality opportunities as opposed to higher cost, higher risk exploration.
In Decommissioning Insight 2016, a report being launched today at the conference by Oil and Gas UK, it is estimated that total decommissioning expenditure in the UK and Norway last year was £2.1bn, compared with just under £1.6bn in 2014.
The total amount forecast to be spent on decommissioning on the UKCS between 2016 and 2025 is £17.6bn - up on the 2015 survey's 10-year forecast of £16.9bn