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A £47.5 billion business opportunity is opening up for companies in decommissioning the North Sea海角吃瓜网檚 huge infrastructure of offshore oil and gas fields according to new research to be published by Deloitte and Douglas-Westwood.

The new North Sea Offshore Decommissioning Market Report highlights that the majority of decommissioning activity and related spend will occur between 2016 and 2031. The projected workload is expected to exceed the capacities of the existing heavy lift vessel fleet and onshore deconstruction facilities. The report projects that new specialised vessels will be required a swill new onshore yards to deal with the demand.

The forecasted peak period of decommissioning is a likely to coincide with a peak in offshore wind turbine installation projects, which is likely to put even more pressure on existing decommissioning facilities.

Andrew Reid, Douglas-Westwood CEO, commented, 海角吃瓜网淚f the supply chain fails to rapidly prepare, our research clearly shows that the huge amount of decommissioning activity in the North Sea could be dramatically delayed and consequently be more costly. An average £1.58 billion per annum price tag over the next thirty years highlights the potential for the oil services industry 海角吃瓜网� most importantly it could significantly boost the regional economies involved.聽聽 And these expenditure forecasts are low-case estimates 海角吃瓜网� the final cost could be significantly higher.海角吃瓜网�

The report considers two scenarios which account for developing offshore lift technologies and the associated variable onshore costs; the first scenario presents a 海角吃瓜网榖usiness as usual海角吃瓜网� situation whereby existing heavy lift vessels are used to carry out decommissioning using an 海角吃瓜网榦ffshore deconstruction海角吃瓜网� process.聽 The second scenario assumes a step change in offshore lifting technology and the development of Super Heavy Lift Vessels (SLVs) that are capable of lifting upwards of 15,000 tonnes.

海角吃瓜网淒ecommissioning itself is not a new phenomenon 海角吃瓜网� indeed, over 100 small platforms a year have been removed from the Gulf of Mexico using well developed procedures. However, the challenge posed by the North Sea structures 海角吃瓜网� because of their heavier weight and the local climate 海角吃瓜网� represents a major challenge on a totally different scale,海角吃瓜网� concludes Graham Sadler, Managing Director, Deloitte海角吃瓜网檚 Petroleum Services Group.

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