Decommissioning Asia Pacific on a budget

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25 January 2018

Decommissioning Asia Pacific on a budget

Report 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.

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:

  • 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

What's included

This report contains:

  • Document

    Decommissioning Asia Pacific on a budget

    PDF 1.76 MB