The North Sea Offshore Decommissioning Report

PRLog (Press Release) - Mar. 9, 2012 - The time for many North Sea offshore oil and gas platforms to be decommissioned is fast approaching; more than 470 platforms will have to be wholly or partially removed from North Sea waters over the next 30 years - a vast series of projects which could put enormous amounts of pressure on the supply chain. However, if the industry is well prepared there will be major opportunities and rewards for participation in the sector. The North Sea Offshore Decommissioning Report by Douglas-Westwood and Deloitte Petroleum Services Group, provides the essential information for those decision-makers in oil companies and contracting & supply industries, government departments and financial institutions on the expenditure required to carry out the imminent task.

Likely expenditure
This second edition of The North Sea Offshore Decommissioning Report is expanded to cover the entire North Sea area, with a concise account of the most pressing issues related to decommissioning in the region's waters. Likely expenditure is considered through two scenarios which account for changing offshore lift technologies and the associated variable onshore costs. The first scenario presents a 'business as usual' situation whereby existing heavy lift vessels are used to carry out decommissioning projects. The second scenario assumes a step change in offshore lifting technology and the development of Super Heavy Lift Vessels (SLVs) that are capable of lifting upwards of 15,000 tonnes. The bottom-up Douglas-Westwood cost forecast generated from these scenarios covers all decommissioning aspects from the plugging and abandonment of subsea wells to onshore deconstruction and recycling. Attention is also paid to specialist equipment requirements and the locations to which decommissioned infrastructure can be sent for disposal, re-use and/or recycling. http://bharatbook.com/market-research-reports/oil-and-gas...

Future prospects
The North Sea Offshore Decommissioning Report provides an overview of future prospects. It reviews current North Sea offshore platforms as well as the existing regulatory regime - including a focus on decommissioning obligations, procedures and trends. In addition, the report focuses on current and proposed key technologies and is reinforced by case studies. industry analysis reports

The supply chain
This innovative report examines the decommissioning services supply chain focusing on key issues including current and potential supply chain gaps. In both scenarios the demand on the supply chain differs, however early preparation for the upcoming opportunity is shown to be essential given figures presented within the report.

Market forecasts
Market forecasts are provided using Deloitte's PetroscopeR economic modeling system. PetroscopeR is a comprehensive upstream fiscal modeling tool for the analysis of global oil and gas assets. Models have been created for field numbers and facilities, economic limit (production limit) as well as incremental and cumulative ABANDEX (abandonment expenditure). The outputs from this process have then been extensively further developed by Douglas-Westwood to account for numerous possibilities and supplementary figures can be made available upon request.

An acclaimed series
The North Sea Offshore Decommissioning Report is the latest in an acclaimed series of energy business studies by Douglas-Westwood used by organisations in over 70 countries. These include the oil majors, investment banks, offshore contractors, agencies and departments of governments. This study is produced in association with Deloitte.

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