infographic offshore asset retirement
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asset retirement infoTRANSCRIPT
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NORTH SEA 2014
Offshore Asset Retirement: Projects, Trends, Opportunities & The Shift in North Sea Decommissioning
Business Intelligence for the Oshore Oil & Gas Industry
Produced in conjunction with
Expert Late Life Operations, Decommissioning & Abandonment Perspectives at the Offshore Asset Retirement Conference (17-18 Nov, Aberdeen, UK)
Including Shell, BP, CNR International, Hess Corporation, Maersk and many more!
decomworld.com/asset-retirement
The North Seas decommissioning & abandonment (D&A) market is dramatically shifting.
For too long D&A has been viewed as an isolated activity, entirely separate from production. But with a Post-Wood Review drive to maximize resources and minimize cost, operators are starting to align their strategy to transition from late life operations to decommissioning.
In association with the Offshore Asset Retirement Conference North Seas premier meeting point to ensure cost-effective decision making for aging structures and wells DecomWorld took a look at some of the key offshore decommissioning projects, industry trends and challenges faced by operators in the North Sea. In mapping this out, the opportunities for contractors and service providers in this still infant market remain huge, and never more so than at this time of seismic shift.
To find out how Shell, BP, CNR International, Hess Corporation, Maersk, Kvaerner, Acteon and many more are tackling this shift, simply visit www.decomworld.com/asset-retirement/
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Central & Northern North Sea :Average forecast for
Well P&A expenditure
4.8 millionper platform well
10.1 millionper subsea development well
8 millionper subsea exploration
and appraisal well
Forecast Expenditure
from 2013 to 2022:
32% = 3.3bn
CENTRAL NORTH SEA
Miller FieldRenee/Rubie
Fields
Average forecast for
Well P&A expenditure(including Irish Sea)
3.5 millionper platform well
6.6 millionper subsea well
Forecast Expenditure
from 2013 to 2022:
24% = 2.5bn**Incl. Irish Sea
WATER DEPTHS
- West of Shetland 120-1300+m- Northern North Sea 90-190m- Central North Sea 50-150m- Southern North Sea 15-80m
DECOMMISSIONING PROJECTS MAP
CCCOil Field Type Oil CondensateGas Field Type Condensate Gas Condensate
SOUTHERN NORTH SEA
HewettField
Inde Field
Thames Field
Indefatigable
WellandField
Little Dotty Field
Leman Field
Big Dotty Field
Dawn Field
C C
C C C
Forecast Expenditure
from 2013 to 2022:
44% = 4.6bn
NORTHERN NORTH SEA
Leadon Field
Brent GoldeneyeGlamis Field
Don Field Murchison Field
C
NORTH SEA 2014
Business Intelligence for the Oshore Oil & Gas Industry
Produced in conjunction with
SOURCE:www.decc.gov.uk
www.oilandgasuk.co.uk
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DECOMMISSIONING FIELD DEPTH
- 20-30m
- 30-40m
- 100-110m
- 110-150m
- 150-170m
Big Dotty Field
Dawn Field HewettField
Little Dotty Field
Inde Field
C
Indefatigable
C
Leman Field
C
Thames Field
C
WellandField
C
Miller Field
Renee/RubieFields
Murchison Field
Leadon Field
Glamis Field
BrentDon Field
FIELD DEPTH
NORTH SEA 2014
Business Intelligence for the Oshore Oil & Gas Industry
Produced in conjunction with
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Inst
alla
tions
with l
arge steel jackets *
31
Inst
alla
tions
with
other steel jackets *
214
SCALE OF OPPORTUNITY FOR DECOMMISSIONING & ABANDONMENT
Subs
ea p
ro
ductio
n systems
278
Floating
production systems
21
Pip
elin
es -
around
25,000 kms
3,000
Cut
ting
piles
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15 to 25 installations will be decommissioned
annually in Europe during the next 15 years.
For the UKCS alone, this amounts to the dismantlement and removal of the
approximate equivalent of 254 Eiffel Towers - 31 of them weighing in fact a lot more
(i.e. more than 10,000 tonnes), eight installations with large concrete substructures (in the region of 20,000 tonnes), 280 subsea
and 21 floating production systems and last but not least, 3000 pipelines
and 5000 wells (SOURCE: Oilprice.com)
SCALE OF OPPORTUNITY FOR DECOMMISSIONING & ABANDONMENT
ONLY
7% OF INSTALLANTIONS DECOMMISSIONED
TO DATE
478 platforms may
need to be removed before
2045
Norway holds
35% of the estimated worldwide decommissioning expenditure, with only 7% of the global offshore infrastructure
Over
800 wells are scheduled for
plugging and abandonment between 2013 and 2022. Nearly 480 of these wells
are in the central and northern North Sea
of which nearly 60% are platform wells
PIPELINES
SUBSEA
WELLS
PLAT
FORM
35bn?The cumulativeexpenditure for
decommissioning the UK sector of the North Sea
alone may be above 35 billion over the
next 30 years
Data from the Shell oil company suggests that the P&A costs on Brent Delta are 2.7 million per well, each taking on average 30 days to complete.(SOURCE: Oilprice.com)
NORTH SEA 2014
Business Intelligence for the Oshore Oil & Gas Industry
Produced in conjunction with
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DECOMMISSIONING & ABANDONMENT TO ASSET RETIREMENT WHY THE SHIFT?
NORTH SEA 2014
Business Intelligence for the Oshore Oil & Gas Industry
Produced in conjunction with
Here's why it matters to you:
Post-Wood Review drive to maximise North Sea resources means there is a need to approach D&A in the wider context as part of end of field life management Critical need to reduce escalating D&A costs as the North Sea industry approaches the 35bn decommissioning and abandonment challenge The only way to achieve economies of scale, and with up to 478 platforms reported to need removing before 2045, it's never been a more important time Allocating resources upfront to eradicate bottlenecks which are currently putting extraordinary pressure on the decommissioning supply chain Encouraging integration & collaboration at every level with thorough up-front planning to identify synergies and cost efficiencies
To ensure you reap the long term benefits associated with a robust asset retirement strategy, DecomWorld have developed the Offshore Asset Retirement Conference, North Sea (17-18 Nov, Aberdeen) which is driving this critical shift in the decommissioning & abandonment market, whilst aligning to the latest Wood Review developments.
With +1000 attendees gathering over the last ten years and drawing from our renowned Gulf of Mexico track-record, weve bought together the globally recognized experts and technical leaders from Shell, BP, Hess Corporation, CNR International, Maersk and many more to share in-depth case studies which will equip you with the tools and strategies required to effectively engage your asset retirement campaign.
Attend this ground breaking meeting point with a track record of success and you will:
Get exclusive insight into how the Wood Review will impact decommissioning regulation and your end of life strategy Hear from leading global decommissioning managers to understand how you can streamline your approach for cost effective asset retirement Understand how you can work with your design, operations and COP teams to seamlessly transition to decommissioning Apply innovative rig-less well P&A technology to your abandonment projects in order to reduce cost and time Address the major HSE issues in your decommissioning program to minimize risk to people and the environment
Just some of the top companies that you will hear from at this years Offshore Asset Retirement Conference, North Sea:
Save an extra $100 on your ticket to OARC 2014 using the exclusive whitepaper discount ARDA100 when you register online here before Friday 22nd August: https://secure.decomworld.com/asset-retirement/register.php
With such a wealth of decommissioning and abandonment (D&A) projects up ahead for the North Sea offshore market, it is critical that operators take a holistic approach to end of life activities. In order to do this, a change in strategy is required which bridges the gap between late life operations and D&A.
Phil ChadneyProject Director | DecomWorld
+44 (0)20 7422 4341 [email protected]/asset-retirement/
2014 FC Business Intelligence
The information of this document was prepared by DecomWorld (part of FC Business Intelligence) and its partners. DecomWorld has no obligation to tell you when information in this document changes. DecomWorld makes every effort to use reliable, comprehensible information, but we make no representation that it is accurate or complete. In no event shall DecomWorld and its partners be liable for any damages, losses, expenses, loss of data or profit caused by the use of the material or contents of this document.
DecomWorld grants you a licence to make one free copy of the information contained herein for personal or non-commercial use only. Accordingly, no part of this document may be copied, performed in public, broadcast or adapted without DecomWorlds prior written permission. Please contact Phil Chadney at [email protected] to request permission.