HTL are delighted to announce that we are members of Decom North Sea, the representative body for the Offshore Decommissioning industry.
“Decom North Sea is the decommissioning industry’s only independent members organisation focussed on all aspects of the decommissioning value chain. With decommissioning expenditure in the North Sea set to increase from the current £1 billion per annum, DNS plays a vital role in solution development and cross sector learning and is helping to build supply-chain capability.” (DNS, 2015)
With 2016 set to become a remarkable time for the North Sea and indeed the global oil and gas industry, HTL’s industry leading product portfolio and unparalleled 24/7 customer service ensures that we are best placed to serve the growing needs of the decommissioning industry.
While fluctuations in oil prices and unpredictable political issues continue, operators in the North Sea are moving forward with plans to decommission platforms, emphasizing the focus on other oil producing assets.
In 2015, the UK Government approved 9 decommissioning projects in the North Sea, which includes the Thames Area project and the removal of 3 fixed platforms.
Forecasted activity
The time has come for many North Sea offshore oil and gas platforms to be decommissioned, more than 470 platforms will be totally or partially removed from North Sea waters over the next 30 years.
With more than 600 oil and gas installations in the North Sea, it is an opportunity for the supply chain to develop the safest and most cost effective solutions to supply the growing demand of the Decommissioning industry.
According to Oil & Gas UK report (2015) the North Sea is set to see a vast increase in decommissioning activity in 2016. Both the North and Central North Sea regions are forecasted to complete 45 plug and abandonment of wells in the next 12 months, with 32 of these being platforms.
Decom North Sea have reported that as much as £1.5 billion will be spent this year on decommissioning projects, almost £250 million more than 2015. This upward trend is set to continue until 2019 when costs will peak at over £2.5 billion in the North Sea.
Although the first stage of these decommissioning plans is to use ships to remove the top of platforms in a single lift, the second phase will be the subject of closer scrutiny as the subsea sections become the focus of removal. This involves removal projects such as contaminated concrete oil storage tanks which sit on the seabed next to platforms’ legs.
HTL are here to help
With decommissioning set to accelerate in the North Sea, HTL are prepared and dedicated to supplying the most suitable, reliable and cost effective decommissioning equipment to aid your decommissioning projects.
With decades of experience in the oil and gas industry, HTL has manufactured and worked closely with operators to create and develop world class, user friendly, industry leading solutions which are reliable, safe and reduce the costs associated with decommissioning whilst preventing downtime losses.
To view HTL’s full customer first product and service solutions order your free copy of the HTL Rentals Catalogue here.
Alternatively, for more information email info@htlgroup.com.
