DAWN Taking the Guesswork out of Decommissioning Planning

The Wood Review, published in February 24, set out a new strategy for maximising the economic recovery from the UK Continental Shelf and identified six key strategies for achieving this.

One of these strategies relates to decommissioning. It states that the industry needs to plan ahead and co-ordinate the decommissioning process effectively so it is completed in a way that is safe, environmentally sound and cost-effective.

But, how can oil and gas companies and the supply chain plan ahead when there is so much uncertainty concerning what resources will be required and when? At the Offshore Asset Retirement Conference in Aberdeen, from 17-18 November, Eric Faulds and D3 Consulting will present their current assessment of the likely UK North Sea resource requirements, both offshore and onshore.

Working together with Eric, who has an extensive database of decommissioning cost estimates along with 20 years’ experience in offshore decommissioning, D3 has created a new web-based Decommissioning Simulator (DecomSim). This tool will paint a picture of which resources will be required given certain assumptions regarding the Cessation of Production (CoP) dates.

The simulator recognises that not even operators have a great deal of certainty around their CoP dates beyond the immediate future, however, there are general views about when the decommissioning effort will peak and how long it will last. Users of DecomSim can vary the CoP profile for the UK North Sea sector and the tool will determine the resulting resource requirement for every UK North Sea fixed jacket platform and provide a projected timeline. It can show: annual requirements for Heavy Lift Vessels, man hours, topsides tonnes, jacket tonnes, module sizes, costs, onshore facilities and waste disposal.

Visitors to the Offshore Asset Retirement Conference will have an opportunity to test out the new Decommissioning Simulator. Martin Bjerregaard, Director of D3 says: “Up until now, planning the decommissioning of offshore oil and gas platforms has involved a lot of guesswork. This new tool, which represents all of Eric Faulds’ and D3’s considerable knowledge and expertise, takes some of the guesswork out of the equation and allows both operators and contractors to see what resources will be needed in the coming years to ensure the decommissioning process goes smoothly.”

To register for the conference, and receive a £200 visit http://www.decomworld.com/asset-retirement and quote discount code FAULDS200

For more information about the new D3 Decommissioning Web Tool, contact Martin (+44 (0) 7969 725 418) for more information.

To read The Wood Review in full click here: http://www.woodreview.co.uk


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