Hamish Scott, our Strategy Director, explains why Peel Ports embarked on a 12 month listening exercise to understand what the future of onshore decommissioning should look like.
With the UKCS decommissioning process planned to span several decades, there are clear concerns from industry and governmental stakeholders about how costs are to be minimised and funded. However, improvements to decommissioning management also present significant opportunities for innovation, cost reduction and development of exportable UK skills and capability.
We already know this from our work in the decommissioning sector, most notably at Great Yarmouth. However, we wanted to develop a greater understanding of the onshore decommissioning sector, gathering intelligence on the most important factors to particular interest groups.
That led us to carrying out interviews with more than 30 industry experts, from production to waste management, over the last year.
Named ‘Designed for Decom’, the ambition behind the project was to develop a new proposition for onshore decommissioning that would drive down costs, improve the value of waste material, and enable work to be carried out in the UK rather than being lost to overseas competitors.
Through this primary research with decommissioning stakeholders, we were able to distil the challenges facing the sector and identify opportunities to transform the economics of onshore decommissioning. The discussions explored the opportunities for progress through the use of new infrastructure, the use of new ways of working, and new formats for strategic partnerships.
This work has resulted in the development of what is termed ‘a new deal for onshore decommissioning’: a scheme to unlock economic value, consisting of three new ‘moonshots’ and a three-part economic model.
You can read the full details in our white paper by clicking HERE.
For more information on Hunterston please click HERE.
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