Subsea decommissioning growing in consequence
During the first quarter of 2015, Endeavor Management conducted a benchmarking study of subsea decommissioning practices across the industry, which was funded by Petrobras. Six respected operating companies participated in this study, including two majors, one large independent, one small independent, and two national oil companies. The geographic coverage spanned the world, but focused on four areas of major subsea development: North Sea, Gulf of Mexico, offshore Brazil and Australia. There was an excellent cross-section of responses to develop conclusions about industry practices, and to help define a path forward for future decommissioning practices.
Reprinted with permission