What is the status of UK offshore oil and gas (O&G) upstream decommissioning? In a word, positive. But the industry should not rest
on its laurels. Industry players can capture tremendous value by making additional performance improvements, but capturing the value will not be easy. For lessons on how to overcome the challenges, those in the O&G industry can look to the experiences of other industries as well as US and UK offshore decommissioning projects.
These lessons point to three main levers for sustaining excellence: enabling decommissioning at scale, integrating transformational technologies into a risk-based approach, and developing a people strategy.
Those are the key messages that emerged from “SPE Offshore Europe 2019:Breakthrough to Excellence – Our License to Operate” a four-day conference held in early September in Aberdeen, Scotland.
This publication provides an overview of the key messages and offers thoughts on the path forward.