Decommissioning Asia Pacific on a budget Report

Insight 25 January 2018

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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.

A story of big numbers
Knowledge transfer is the first step
- Small-scale pilots will test the waters for larger projects
Optimising commercial strategies to avoid cost blowout
- The right project management for the right company
- The right contract for the right job
Adopting disruptive technologies
- Emerging technologies have proved to be cost-competitive
- Can the region lead the way in adopting disruptive technologies for decommissioning?
Achieving economies of scale
- Batch decommissioning
- Joint decommissioning
Case study – Chevron Contract Area 1 in Thailand
- Methodology

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