Nicolas Foucart has been appointed Chief Executive Officer, Repsol Sinopec Resources UK Limited, effective today, 1st September 2022. Mr Foucart replaces Jose Luis Muñoz who held the post from April 2020. Mr Muñoz is relocating to Spain upon being appointed Director of Mergers and Acquisitions (M&A) for Repsol in Madrid. Mr Foucart joined Repsol Sinopec in August 2018, most recently …
Allseas has won what it has described as the largest ever single decommissioning contract for the UK North Sea by weight with operator Taqa. The deal covers removal and disposal of several platforms across the Northern North Sea: Taqa’s Eider Alpha, Tern Alpha, North Cormorant and Cormorant Alpha installations. Read more here
CessCon Decom (CessCon) will launch a decommissioning hub at the Port of Aberdeen’s £400 million South Harbour expansion in Q3 2022, creating up to 50 new jobs. The new hub will be located within Crathes Quay at South Harbour and deliver dismantling, recycling, and reuse services with a key focus on subsea infrastructure. The jobs boost is expected over the …
18/08/2022
‘Worth getting out of bed for’: Regulator predicts £5bn decom spend on North Sea wells by 2027
More than 1,000 North Sea oil and gas wells will be decommissioned over the next five years, the UK regulator has said, carrying a multi-billion-pound prize. The North Sea Transition Authority (NSTA) has estimated 150-200 wells will be fully decommissioned each year over that time frame, at an annual spend of £700m – £1bn. Read more here
Well-Safe Solutions has named Spirit Energy as the operator for its inaugural contract for its new Defender rig in the North Sea. The decommissioning specialist announced a 14-well contract for the Well-Safe Defender rig back in July, however the customer was undisclosed. Read more here
North Sea operators EnQuest (LON:ENQ) and Repsol Sinopec Resources UK have set out a series of upcoming decom contracts for nearly 200 oil and gas wells. Speaking at an event in Aberdeen on Wednesday, Teresa Munro, decommissioning manager at Repsol Sinopec, said the operator currently plans to “fully abandon 140 wells by the end of 2025”. Read more here
A decommissioning base on the Clyde has said it is the “ideal location” for break-up of the Foinaven FPSO amid concerns the UK could miss out on the work. Atlas Decom has a long term lease at Inchgreen Drydock, just 20 nautical miles away from Hunterston where the vessel now temporarily sits after more than 20 years at a BP oilfield west …
Thompsons of Prudhoe have successfully secured not one, but two decommissioning projects, working in close collaboration with both Heerema Marine Contractors and DeepOcean. These two exciting and challenging contracts allow Thompsons of Prudhoe to provide a full turnkey dismantling and waste management contract solution to asset owner, Spirit Energy. The six Southern North Sea structures will be delivered into the …
Bosses and staff at Well-Safe Solutions are celebrating a major milestone in the company’s history today. It is five years to the day since the Aberdeen-headquartered decommissioning specialist officially began trading, following months of meticulous planning. Read more here
Just as things seemed to be looking up for the sector, decommissioning could be pushed to the back of the queue once again. Professor Alex Kemp, a petroleum economist at Aberdeen University, has made a rather gloomy prediction about the impact of the energy profits levy (EPL) on decommissioning activity. Decom North Sea Interim CEO Sam Long however believes their are …