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Deirdre Michie, chief executive, Oil & Gas UK said:

Decommissioning Insight 2016

“The First Minister’s announcement today (8 Feb 17) of a new £5 million fund to support Scottish companies looking to take advantage of decommissioning sector opportunities is encouraging news for the many supply chain companies still struggling in the downturn. Oil & Gas UK looks forwards to engaging with the Scottish Government on how this fund will work once it becomes available in March.

“It’s important that the industry’s focus remains on maximising economic recovery of the UK’s oil and gas while recognising and managing the fact that decommissioning is part of the natural evolution of the UK continental shelf. Our forecasts suggest an average of £1.7 billion will be spent on decommissioning in the UK each year over the next ten years and so it is helpful that we should support the UK supply chain to develop its capacity to compete effectively.

“Looking forwards we must ensure key assets are not decommissioned prematurely and that industry continues to deliver decommissioning in a safe, environmentally sound and cost-effective manner with sufficient early planning and co-ordination to enable the UK supply chain to develop competitive industrial capability.”

(more…)

 

Deirdre Michie, Oil & Gas UK’s chief executive, said:

For more than 40 years, Brent has been a leading light in the UK’s industrial success story, contributing almost 10 per cent of the region’s oil and gas, delivering billions of pounds to the UK economy and supporting tens of thousands of highly skilled jobs. Today’s announcement opening the consultation for Shell’s Brent Decommissioning Plan is another milestone in this story, broadening the reach of public stakeholder engagement that has already taken place, as this iconic field moves into the next stage of its lifecycle.

“Ground-breaking ingenuity was required to bring the Brent field, located in the deep waters of the northern North Sea, into production and these skills will be required into the future as industry seeks to maximise economic recovery of the UK’s oil and gas alongside delivering decommissioning in a safe, environmentally responsible, and cost-efficient way.”

New Scottish Government decommissioning fund is encouraging

 

Deirdre Michie, chief executive, Oil & Gas UK said:

Decommissioning Insight 2016

“The First Minister’s announcement today (8 Feb 17) of a new £5 million fund to support Scottish companies looking to take advantage of decommissioning sector opportunities is encouraging news for the many supply chain companies still struggling in the downturn. Oil & Gas UK looks forwards to engaging with the Scottish Government on how this fund will work once it becomes available in March.

“It’s important that the industry’s focus remains on maximising economic recovery of the UK’s oil and gas while recognising and managing the fact that decommissioning is part of the natural evolution of the UK continental shelf. Our forecasts suggest an average of £1.7 billion will be spent on decommissioning in the UK each year over the next ten years and so it is helpful that we should support the UK supply chain to develop its capacity to compete effectively.

“Looking forwards we must ensure key assets are not decommissioned prematurely and that industry continues to deliver decommissioning in a safe, environmentally sound and cost-effective manner with sufficient early planning and co-ordination to enable the UK supply chain to develop competitive industrial capability.”

(more…)

Industry welcomes launch of consultation for Brent Decommissioning Plan

 

Deirdre Michie, Oil & Gas UK’s chief executive, said:

For more than 40 years, Brent has been a leading light in the UK’s industrial success story, contributing almost 10 per cent of the region’s oil and gas, delivering billions of pounds to the UK economy and supporting tens of thousands of highly skilled jobs. Today’s announcement opening the consultation for Shell’s Brent Decommissioning Plan is another milestone in this story, broadening the reach of public stakeholder engagement that has already taken place, as this iconic field moves into the next stage of its lifecycle.

“Ground-breaking ingenuity was required to bring the Brent field, located in the deep waters of the northern North Sea, into production and these skills will be required into the future as industry seeks to maximise economic recovery of the UK’s oil and gas alongside delivering decommissioning in a safe, environmentally responsible, and cost-efficient way.”

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