Within the last four years, the decommissioning and abandonment (D&A) business in the Gulf of Mexico has taken on an unrivalled pace of platform removal and well plugging and abandonment activity. With over 600 platforms currently eligible for decommissioning in this region alone, momentum of D&A activity continues to grow.
“At this critical time, getting it right has never been more important,” stated Phil Chadney, project director, DecomWorld.
Globally, the oil and gas industry spent nearly $4 billion on decommissioning in 2013, with key regions including Gulf of Mexico, the North Sea, Asia-Pacific and West Africa all looking to effectively manage ageing and redundant offshore assets. As leading international operator companies (IOCs) begin to streamline their approach to D&A at a global level – this only highlights the importance of a flawless D&A strategy and strongly indicates that the removal rates experienced in the GOM will be watched across other key regions in the coming years - triggering a market worth tens of billions of dollars.
“But despite the industry progress and active GOM decommissioning record, can offshore oil and gas operators guarantee that their decommissioning strategy is absolutely sound?” asked Chadney.
To address the top industry challenges, DecomWorld’s Decommissioning & Abandonment Summit, returning for its sixth year to drive forward the industry’s most crucial D&A debates, will tackle several key issues plaguing the industry will providing a unique opportunity to discuss several pivotal challenges. The conference will also offer the ability to engage with the industry’s highest-calibre experts from top regulators, operators, contractors and service providers.
Several key controversial topics that will be addressed as part of three expert-led workshops taking place:
Additional ground-breaking keynotes will be addressed by the Bureau of Safety & Environmental Enforcement (BSEE), US Coast Guard, National Ocean Industries Association, Hess Corporation, BP, Chevron, Shell and Stone Energy. These companies will discuss the latest industry insight, developments, challenges and more.
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