Ardent and WorleyParsons join global decommissioning consortium

By Sophie Chapman
A global decommissioning consortium has launched on 30 April, using a supply chain method that aims to reduce the risk and costs...

A global decommissioning consortium has launched on 30 April, using a supply chain method that aims to reduce the risk and costs of decommissioning within the oil and gas industry.

Companies such as LR, WorleyParsons, and Ardent has all joined the consortium. All the members collectively bring together 350 years of experience, covering late life management, planning, readiness for removal, execution, waste management, and post removal monitoring.

The consortium is capable of taking well operatorship, as well duty-holdership and title of offshore structures, whilst also offering third-party assurance.

The oil and gas decommissioning market is expected to reach US$13bn by 2040.

SEE ALSO:

“This consortium offers a new, collaborative approach to decommissioning for operators,” commented Steve Gilbert, Director of Asset Management and Decommissioning at LR.

“It represents a fundamental step change for the industry, aligning assurance, project management, and safe, fit-for-purpose removal and disposal.”

“Decommissioning can be daunting; the cost uncertainty, the colossal project scope and the unknown long-term liabilities.”

“The consortium helps to reduce the overall cost, time and liability burden for operators and allows them to focus resources on more fruitful activity, knowing that their decommissioning project is in safe hands.”

“As experts in asset and risk management, and a number one provider of verifications services, this approach will assure safety, efficiency and reputation.”

Share

Featured Articles

Data Centre Demand Putting Pressure on Energy Capabilities

Utilities in the US are predicting a tidal wave of demand for data centres thanks to the boom of AI, which, in turn, will dial up the need for electricity

Q&A with Hitachi Energy’s EVP & Head of North America

Anthony Allard, who heads up Hitachi Energy as Executive Vice President and Head of North America, shares why the grid is holding us back from clean energy

OMV Takes Strides in Energy Efficiency & Emissions Reduction

Austrian multinational integrated oil, gas & petrochemical company OMV continues its sustainability mission, and reports Scope 1 & 2 emissions are down 25%

Q&A with RAIN Alliance President and CEO Aileen Ryan

Technology & AI

Who is Greg Joiner, the new Head of Shell Energy?

Oil & Gas

Watershed Workshop at Sustainability LIVE: Net Zero

Sustainability