TOPICS OF INTEREST
Petrobras Cuts E&P Capex, Buzios Oil Field To Account for 70% of E&P Investments
Brazil’s national oil company estimated a reduction of 22 to 38% in capital expenditures in E&P from its 2020–2024 strategic plan and expects to spend $6 billion through 2024 to decommission offshore platforms and wells and underwater gas pipelines.
Petrobras To Build Brazil’s Largest Platform
In its push to boost deepwater production, Petrobras is aiming to launch a leasing tender to build an FPSO described as Brazil’s largest-ever oil platform. Decommissioning work begins in the Campos and the Sergipe-Alagoas Basins.
Offshore Infrastructure Reuse Can Contribute to Decarbonization
The Hydrogen Offshore Production project identifies an alternative to decommissioning by providing reuse options for offshore infrastructure. It aims to prove the feasibility of decentralized hydrogen generation, storage, and distribution to provide a bulk hydrogen solution.
North Sea To Lead Increased Spend in Decommissioning
Even before the global pandemic impacted markets, decommissioning work in the North Sea region was expected to increase. Global decommissioning projects could reach $42 billion by 2024.
Fugro Awarded Remote Operations Contract
After being acquired in 2019, the Well-Safe Guardian semisubmersible was extensively overhauled and upgraded. Fugro is the second company to be awarded work this year on the asset.
Better Abandonment Cost Estimates Yield Improved Project Valuations
Developing an asset requires key investment decisions to be made early in the process, and as a result, some critical cost evaluations—such as abandonment—are often ballpark estimates. Adjusting the parameters for evaluating these costs can lead to more-accurate project valuations.
Equinor Plans Extension of Statfjord Field
The plan will extend production of the largest field on the Norwegian Continental Shelf to 2040, while also deferring plans to decommission the Statfjord A platform. Statfjord A was originally scheduled to be decommissioned in 2022.
Perenco Receives Approval for Pickerill Decommissioning
With production declining and a nearby terminal closed, UK authorities have given the nod for decommissioning to begin on the aging North Sea gas field. Perenco has been in operation since 1992, with Perenco taking over as operator from BP in 2003.
Neptune Gets Nod for Decommissioning of Juliet Field
The decision comes a year after Neptune stopped production from the North Sea gas field, and 4 months after it submitted decommissioning plans to the UK authorities.
Shell’s Brent Bravo Platform Removed from North Sea
Bravo is the second of four platforms to be decommissioned and removed from the Brent field, following Brent Delta in 2017. The field has produced approximately 3 billion boe since 1976.
Statfjord A Platform To Be Decommissioned in 2022
After producing for 43 years, the Statfjord A platform will cease production in 2022.
Successful D&A Means Seeing the Unseen
Decommissioning and abandonment comes with its share of unexpected surprises, but many of those surprises could be avoided merely through better planning and care.
D&A: The Asia-Pacific Offshore Industry’s Next Big Challenge
The next big wave of decommissioning and abandonment projects is set to occur in the Asia-Pacific region, and APAC’s operators are now tasked with finding cost- and time-effective ways of unwinding their huge agglomeration of wells and facilities.
UK Offshore’s Big Challenge: Growing While Plugging More Wells Than They Drill
The outlook in the UK is a case study of the squeeze facing E&P in other basins where operators are trying to pay to sustain production with discoveries, while plugging and abandoning old wells, all paid for by the lean cash flow due to low oil prices.
UK North Sea Decommissioning Costs Projected To Drop
An influx of new investment and operational efficiencies borne out of the oil price downturn have led to a drop in projected decommissioning costs. Decommissioning multiple wells in one campaign helped some operators achieve time savings of 33% per well.
Bureau Veritas Publishes UKCS Decomm Guide
Bureau Veritas made available its guide to decommissioning regulations in the UK continental shelf.
Supply Chain Consortium Launched for Decommissioning Services
Global spending on oil and gas decommissioning is expected to be $13 billion per year by 2040. The launch of a collaborative supply chain approach to global decommissioning offers an end-to-end solution to reduce the decommissioning burden, risk, and cost for operators in Europe, Asia, and Americas.
Maersk Drilling and Maersk Supply Service Establish JV for Decom
The joint venture will include work on P&A, towage of floating units, and removal of subsea infrastructure, with the ultimate goal of providing the full end-to-end process for decommissioning.
P&A Sowing Harmony Among Operators?
With no money to be made, P&A is one area where operators can put aside their hyper-competitiveness to work together. Members of the recently formed PACE network discussed the virtues of collaboration at the Decommissioning and Abandonment Summit 2018.
Decommissioning – Challenge Accepted
With $102 billion of decommissioning-related expenditure forecast to 2040 in Western Europe, opportunities are ripe for the supply chain to compete with innovative and cost-effective solutions for the E&P operators.
Regulatory Push Grows for Decommissioning of Subsea Equipment
The shutting in of unprofitable offshore wells and the requirements for their plugging and abandonment is attracting more attention to what is being done with the associated subsea equipment. The benefits of leaving subsea systems in place vs. recovering them are being considered.
Stay or Go: Is In-Situ Decommissioning the Way To Go?
Decommissioning experts in the UK examine the advantages and disadvantages of removing offshore installations vs. leaving them in place, discussing cost efficiencies, environmental factors, and long-term risks.
Collaborative Tool Helps Companies Plan Decommissioning, Share Lessons Learned
Decom North Sea has developed the Late Life Planning Portal system, a web-based information portal, to capture tools that add value as well as good practices and lessons learned from the execution of decommissioning projects.
Planning and Estimating Costs for Field Decommissioning in Brazil
This paper aims to develop a Brazilian baseline for front-end planning and cost estimation of the decommissioning, removal, and disposal options.
Integrating Decision Support Models With Value Attributes for Platform Decommissioning
Using decision analysis as a software tool helps to clarify and evaluate decommissioning alternatives against a comprehensive set of objectives, including both market and nonmarket values.
Decommissioning To Become Big Business
Whether you are involved in the design and construction of new facilities or the decommissioning of existing facilities, having a solid understanding of decom makes a lot of sense. Are you ready as all around the world offshore facilities have reached, or are reaching, the end of their design life?
Decommissioning—Will Yards Become a Bottleneck?
Will the UK decommissioning yards have the capacity to handle the anticipated workload of 261 platforms? Some of the pressure may be relieved as a result of the continuing production from many fields forecast to be abandoned in the current price environment as Opex costs offshore UK have fallen.
Buchan Alpha Semisub To Be Decommissioned in Shetland
The Buchan Alpha ended production on 12 May in the UK North Sea. The semisubmersible moored floating production facility will be decommissioned by Veolia at its Dales Voe site in Lerwick, Shetland.
In the Crosshairs: Cost Inefficiencies in North Sea Decommissioning
A panel of UK government officials and industry executives discuss opportunities to increase efficiency in North Sea decommissioning programs.
Offshore Production in the Gulf of Thailand
Oil and gas producers in the Gulf of Thailand face unique technical challenges. This review of papers illustrates some of the innovative solutions used in the region.
Decommissioning Expenditure in Western Europe To Top USD 100 Billion From 2017 to 2040
Western Europe is the first area outside of the US Gulf of Mexico to see large-scale decommissioning. Well decommissioning is forecast to account for the majority of the expenditure.
Decomm and Offshore Wind Revive Heavy-Lift Industry
Heavy-lift vessels aim for opportunities in decommissioning in UK North Sea and Norway and offshore wind projects.
Consortium Tackles Decommissioning Inefficiencies
A team of oil and gas consultancy companies have formed a collaborative program aimed at offering integrated support for operators looking to retire redundant facilities without in-house overhead.
Salvage Operations Ongoing at Grounded Semisub Off Isle of Lewis
Eight salvage experts have boarded the Transocean Winner, which ran agorund off the Isle of Lewis on 8 August.
Noble Jim Day Semisub Cold Stacked
The Noble Jim Day semisubmersible (left) arrived at Harbor Island in Port Aransas, Texas, on 29 July to be cold stacked.
Decommissioning Market To Boom From 2016 to 2040
Many of the platforms in the North Sea are late in life, operating long past their initial design expectations due to costly life-extension work. Decommissioning has moved slowly, but the low price environment is likely to accelerate the trend.
Innovative Assessments for Selecting Offshore-Platform- Decommissioning Alternatives
An ecosystem-based management program is described to assess the potential sensitivities and contribution of the platform as an artificial reef.
Batata 2 Remote Well Pad: Executing Sustainable Development at a Sensitive Amazon Basin Area— Decommission and Abandonment
After initial exploration, a prospect deep in the Amazon jungle was declared non-commercial. The authors discuss how the initial project planning contributed to the decommissioning effort by means of life-cycle planning.
Lessons Learned as World's First Cell Spar Laid to Rest
After 10 years, the world’s first cell spar, Anadarko’s Red Hawk, was decommissioned. It remained the only cell spar fabricated and again made history as the deepest floating production unit ever decommissioned in the GOM.
ATCE Highlights: Boosting Recovery From Maturing Fields and Decommissioning
The 2014 SPE Annual Technical Conference and Exhibition (ATCE) in Amsterdam drew people from all over the world, covered global themes, and focused on the triumphs, challenges, and remaining opportunities for the North Sea.
Escalation in Decommissioning Costs Drives New Approaches
While decommissioning is not new, the need is accelerating, along with cost and regulatory requirements. A panel at ATCE discussed the challenges in executing decommissioning projects.
Engineering for Decommissioning During Project Design Reduces Costs
Decommissioning costs are often made higher by decisions made during the initial engineering and construction stages of an offshore oil or gas field. Designing with a critical eye can go a long way toward reducing the decommissioning costs, which occur decades later.
Charting New Waters: Decommissioning of Deepwater Structures
Industry has overcome the technical challenges with decommissioning in shallow water. But as deepwater structures require removal, a whole new set of decommissioning challenges will require new solutions. This article highlights some of these challenges.
A Strategic Shift in Well Abandonment Services
Global decommissioning projects are ramping up as many installations near the end of their life cycle. Many operators are now planning for major removal projects. Changes in technology and regulations have caused operators to make significant shifts in well abandonment operations.
Decommissioning Challenges in the Gulf of Mexico
Regulations are driving increased decommissioning activities in the Gulf of Mexico. Incomplete data is one of the obstacles in planning decommissioning. As fields have changed ownership over time, key information has been lost, creating challenges for the current operator.
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08 January 2021
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ITEMS OF NOTE
07 August 2018
20 July 2018
16 February 2018
18 December 2017
28 November 2017