Recycle to reuse -challenging the status quo

摘要

Despite the high oil price and drive to extract more reserves from existing fields, decommissioning projects across the globe are on the rise as many installations near the end of their life-cycle. Douglas-Westwood and Deloitte predicted in their November 2011 North Sea decommissioning market report, that the cost of North Sea decommissioning alone could exceed ￡47.5bn over the next 40 years.