DECOMMISSIONING MARKET TO BOOM BETWEEN NOW AND 2040

摘要

The North Sea has long been spoken of as an area that presents a huge opportunity for companies to become involved in decommissioning. However, in reality, this has not yet happened. Decommissioning has moved extraordinarily slowly, with very few removals being ordered by platform operators. Nevertheless, times are changing. The oil price collapse will be the decisive change that forces operators to consider revising their standard operating model. Although less affected by the fluctuations in oil prices than fields that are at the pre-sanctioning stage, it is the long-term nature of the current crash that will force operators to consider decommissioning work.