Decommissioning and Abandonment

Global engineering company Aker Solutions has signed a letter of intent (LOI) with AF Gruppen, a leading contracting and industrial group, to merge the two companies’ existing offshore decommissioning operations into a 50/50 owned company.

With the signing of the letter, the companies plan

A report by Rystad Energy has predicted that with Australia about to see the largest-ever wave of offshore development wells reaching the end of their producing life, the decommissioning market in region is set

At the Deepwater Decommissioning Gulf of Mexico 2021 Virtual Workshop, Thore Andre Stokkeland, Head of Global Sales Archer Oiltools, Archer, chaired a panel to explore

At the Deepwater Decommissioning Gulf of Mexico 2021 Virtual Workshop, a panel of industry experts discussed the essential considerations when conducting plug and abandonment (P&A)

At the Deepwater Decommissioning Gulf of Mexico 2021 Virtual Workshop, Kevin Squyres, Sales and Service Delivery Manager, Archer, presented the Stronghold systems: the latest set of

Heerema has announced that last month its deepwater construction vessel, Balder, completed the offshore removal of the Morpeth Tension-leg Platform (TLP) on behalf of client Eni US Operating Company.

The Baldervessel, constructed in Japan in 1978, is 154 metres long and 86 metres wide with a

Well Expertise, a well management company providing well planning and operational support, has successfully used a mobile simulator for plug and abandonment (P&A) well control training to decommission several wells in the North Sea.

Well Expertise is the well management company for operator DNO during planning

The Australian oil and gas industry is, unfortunately, making all the wrong headlines at the moment as a serious row over a decommissioning levy proposed by the Australian Government continues to rage.

The tinder for this firestorm is the Northern Endeavour floating production

SEAJET Systems has launched to the subsea intervention market to provide the ability for companies to own and operate the most advanced controlled flow excavation (CFE) technology without third party interference, providing a more flexible, cost-effective and efficient solution.

Established by industry

The Australian government has come under fire after it announced, in its 2021-22 budget, a levy to cover the cost of decommissioning facilities around the Lamarinaria-Corallina oil fields in the Timor Sea.

In 2019, the 170,000 bpd Northern Endeavour floating production storage and

The rate of technological advancements is advancing, and it is pulling the oil and gas industry into new realms of digitalisation, automation, AI and more. The field has become more competitive and yet, despite this, the latest innovation from Blue Spark Energy, the wireline

Beacon Offshore and Claxton, the lead brand for the Acteon drilling and decommissioning business segment, have signed a master services agreement for the severance and recovery of more than 100 subsea wells in the Gulf of Thailand.

While detailed information of the agreement has so far

Ardyne, an Aberdeen and Norway-based fishing, milling and casing recovery provider, has announced a strategic alliance with Dynasty Energy Services (Dynasty), a leader in specialised fishing services and plug and abandonment (P&A), to deliver enhanced P&A

Aker BP has completed the plugging of wells at the Valhall oilfield centre six years earlier than originally planned, saving more than NOK5bn.

Aker BP is the operator alongside partner Pandion of the Valhall oilfield which first saw oil flow in 1982. Since then, more

Cooper Energy have, in their most recent quarterly report, confirmed more details for the abandonment work they have organised with Helix Energy Solutions in Australia with the announcement that they have acquired the Q7000 light well intervention rig to decommission the infrastructure in the Basker, Manta and Gummy (BMG)

The Tui oil field, located 50km offshore Taranaki Coast in New Zealand has been marked for decommissioning since production ceased in 2019, and it appears progress is finally being made on the project.

The Tui oil field

The Tui oil field started

As part of their 2020 Full Year Results publication, EnQuest have outlined their 2021 performance outlook, highlighting the scale of decommissioning work ahead of them as they seek to retire ageing fields.

2020 in review

In 2020

Saipem, a leading company in the engineering, drilling and construction of major projects in the energy and infrastructure sectors, has been awarded a contract from Qatargas worth more than US$1bn related to the North Field Production Sustainability Pipelines Project

What is innovation?

Innovation, along with ‘collaboration’, ‘standardisation’ and even ‘strategy’, is a buzzword of the day. But what does innovation even mean in the Oil & Gas industry? For some, it is enough to produce trivial novelties and label them ‘innovative’. At OFS Partners, we believe true innovation is deeply pragmatic and creates value.

Emphasis on value returned, not R&D expenditure

True