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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/

  • 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

  • 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

  • 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

  • 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

  • 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.