ABERDEEN, UK – Decom North Sea (DNS), the representative body for the UK offshore decommissioning industry, and the Oil and Gas Innovation Centre (OGIC), have entered into a collaborative memorandum of understanding.
This articulates both parties’ goals to support operators, contractors, SMEs, and others to develop safe and cost-effective offshore decommissioning solutions required by UK offshore operations and the UK government.
Decommissioning costs for UK fields could total more than £50 billion ($76.7 billion) at 2014 prices. The projects ahead could also help the UK develop a leading decommissioning capability, the duo claims.
Karen Seath, Decom North Sea’s interim CEO, said: “Our shared objective is to remove the barriers often associated with developing industries, by supporting the most efficient and cost-effective end of asset life solution development and delivery.”
Ian Phillips, CEO of OGIC, said: “OGIC connects the communities of oil and gas operators and service companies with the innovative expertise that lies within the 14 universities of Scotland.
“The collaborative relationship between OGIC and DNS will undoubtedly offer the offshore decommissioning market a leading combination of capabilities to ensure maximum economic recovery, cost-effective decommissioning and, crucially, the maximum possible benefit to the UK economy.”
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