Operating
Warm Phase
Cold Phase
Removal, Dismantle & Dispose
Monitoring
 
 
Quick Quiz

Operating / Late-life Phase

Planning/Scope

Project management

Determine the strategic fit vs life-cycle of asset(s) in a company's portfolio to benefit from the most effective decom strategy.

  • Consider if others are more natural owners / operators at the late-life stage;
  • Divest sufficiently early for the asset(s) to still be attractive.

Determine the strategic fit vs life-cycle of asset(s) in a company's portfolio to benefit from the most effective decom strategy.

At late-life, align organisation & contracting strategy to maximise value.

  • Optimise both life-cycle costs and production;
  • Ensure organisational structure is incentivised / qualified to act on high value decom opportunities during late-life.

At late-life, align organisation & contracting strategy to maximise value.

Separating the topsides and substructure Decommissioning Programmes will increase timing flexibility in the topsides removal.

  • Particularly relevant if issues associated with substructure decommissioning (e.g. OSPAR derogation cases) could delay the Decommissioning Programme approval;
  • Areas of contention and  decommissioning options can be identified through early engagement with BEIS-ODU and stakeholder.

Separating the topsides and substructure Decommissioning Programmes will increase timing flexibility in the topsides removal.

Early stewardship engagement with the OGA can help identifying cost reduction opportunities.

  • OGA "Decom dashboards" are used to assess performance and identify areas where cost reductions could be possible, as achieved by others.

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Early stewardship engagement with the OGA can help identifying cost reduction opportunities.