Scottish Government Awards Cash Boost to 6 Decommissioning Projects
Six projects across Scotland will be offered a share of $2.1 million (GBP 1.5 million) as part of the second round of the Scottish government’s Decommissioning Challenge Fund (DCF) awards.
Grant offers have been made to projects in Edinburgh, Glasgow, Kishorn, Shetland and Orkney in the round. Project scopes include innovation in well plugging and abandonment, dry dock upgrades, quayside strengthening investigation and specialist decommissioning equipment developments.
“Decommissioning offers a variety of opportunities for Scottish based firms…right across the supply chain,” Paul Wheelhouse, Scotland’s minister for business, innovation and energy, said in a government statement.
“Our Decommissioning Challenge Fund is a clear signal to the market to think seriously about decommissioning – a market that is forecast to be worth up to $24 billion (GBP 17 billion) over the period to 2025 – and to plan and invest accordingly,” he added.
Alongside the Decommissioning Action Plan, launched by Scottish Enterprise and Highlands and Islands Enterprise in 2016, the Fund aims to help Scotland's oil and gas sector make the most of decommissioning opportunities at home and abroad.
A DCF program board, drawn from government and industry, and chaired by the director for energy and climate change, is overseeing the delivery of the Fund.
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