Insight

Decommissioning Asia Pacific on a budget

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about subscriptions

Already have subscription? Sign In

Further information

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image
For details on how your data is used and stored, see our Privacy Notice.
 

Summary

With 35,000 offshore wells, 2,600 platforms representing 7.5 millions of tonnes of steel and over 55,000 kilometres of pipelines, decommissioning offshore Asia-Pacific will be a huge task, potentially costing more than US$100 billion. How can the industry keep a lid on costs and not replicate the mistakes and blow-outs seen elsewhere? We have identified four key areas that will define how costs evolve for operators in Asia Pacific where we see decommissioning on a budget.

What's included

This report contains 1 table, 7 images, and 8 pages

  • Document

    Decommissioning Asia Pacific on a budget

    PDF 1.76 MB

Why buy this report?

In our second insight in a series on decommissioning in Asia Pacific, we zoom in on the outlook for costs and share a case study highlighting the process, costs and potential savings involved for operators.

  • Discover which four key levers we believe could lead to significant cost reductions in regional decommissioning.
  • Find out which operator we believe will set the benchmark for larger-scale decommissioning in the region.
  • How should operators go about project managing the task? We identify three possible options. We also highlight the different commercial contract choices available.
  • We review the relative merits of emerging technologies and explain why there might be reason to use them over established tech.

Table of contents

Tables and charts

This report includes 7 images and tables including:

Images

  • APAC platforms operating beyond design life
  • Decommissioning cost scenarios for Contract Area 1
  • Expected savings from key levers for Contract Area 1
  • Risk profile of a typical decom project
  • Suitable contracting strategies
  • Rig-to-reef possible sites, contrasting offshore producing fields density with fish depletion zones

Tables

Questions about this report?

    • Europe:
      +44 131 243 4699
    • Americas:
      +1 713 470 1900
    • Asia Pacific:
      +61 2 8224 8898