Insight
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
- 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?
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Achieving economies of scale
- Batch decommissioning
- Joint decommissioning
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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
What's included
This report contains:
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