Fuel for thought: decommissioning oil and gas projects

By Kirsti Olson 2019-07-09T05:00:00

We are starting to see the first standard contracts for decommissioning oil and gas projects

According to the latest Economic Report from Oil and Gas UK, around 475 fixed facilities, 10,000 kilometres of pipeline and 5,000 wells will have to be decommissioned on the UK’s continental shelf. Expenditure on decommissioning projects is forecast to remain in the region of £1.5bn to £2bn per year through to 2025.

It is estimated that around one-fifth of that will be spent on preparing, removing and dismantling the topsides of these structures – the demolition phase. Odd then that relatively few British building contractors with experience of large-scale demolition projects are involved in this sector.

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