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Decommissioning in the Gulf of Mexico shifts into overdrive
The Gulf of Mexico's oil and gas industry has shifted into top gear with decommissioning projects in the region at an all-time high.In 2010, the world's most active decommissioning market was kick-started when new legislation mandated the removal of idle offshore infrastructure.
In October 2010, the NTL mandate came into effect creating a huge boost in decommissioning projects in the Gulf of Mexico. For the first 6 months of 2011, the industry abandoned 671 Wells and removed 62 structures from the offshore continental shelf.
In a decommissioning market valued at $30bn-$40bn, this spike presents a vast opportunity for service providers in the Gulf of Mexico. On the flip side, increased regulatory burden, combined with the HSE issues and technical challenges that inherently accompany increased activity, will place heavy demands on both operators and contractors.
To address these issues, BSEE will join leading Gulf of Mexico operators; Apache, BP, Shell, Chevron, Taylor Energy, Stone Energy, Anglo-Suisse Offshore Partners, Black Elk Energy, Williams and more at DecomWorld's 4th Annual Gulf of Mexico Decommissioning & Abandonment Summit in Houston, March 22-23 2012, to utilise latest industry experience and reduce costs, improve safety and mitigate risk on all future decommissioning projects.
Register now to secure your place at the principal decommissioning event where strategies will be mapped, game-changing technologies showcased, and key deals brokered.
For more information, http://social.decomworld.com
