Decommissioning consortium with unique approach

Collaborative Oil Players

A collaborative supply chain approach to global decommissioning is launched, offering an end-to-end solution from industry leaders, to reduce the decommissioning burden, risk and cost for operators.

The new global decommissioning consortium, which includes Lloyd’s Register (LR), WorleyParsons, and Ardent, brings together 350 years of collective experience to reduce the interfaces, costs and risks of decommissioning for the oil and gas industry.

This consortium includes leading experts to cover all aspects of decommissioning, from late life management to planning, readiness for removal, execution, waste management and monitoring post removal. The consortium has the unique capability to take well operatorship, duty-holdership and title of offshore structures, in addition to providing independent third-party assurance.

“This consortium offers a new, collaborative approach to decommissioning for operators,” highlights Steve Gilbert, Director of Asset Management and Decommissioning from LR. “It represents a fundamental step change for the industry, aligning assurance, project management, and safe, fit-for-purpose removal and disposal.

“Decommissioning can be daunting; the cost uncertainty, the colossal project scope and the unknown long-term liabilities. The consortium helps to reduce the overall cost, time and liability burden for operators and allows them to focus resources on more fruitful activity, knowing that their decommissioning project is in safe hands. As experts in asset and risk management, and a number one provider of verifications services, this approach will assure safety, efficiency and reputation.”

Set to deliver results

Peter Pietka, Ardent CEO, says: “We bring to the consortium over 150 years of maritime retrieval experience, as a global leader in salvage and wreck removal. Through our expertise, we are in the unique position of being able to apply techniques and learnings from other sectors such as marine wreck removal, to improve how to tackle the increasingly important challenge of decommissioning offshore oil and gas infrastructure.”

Global spending on oil and gas decommissioning is expected to be $13bn per year by 2040. The consortium is set to deliver smarter decommissioning activities with end to end project management and execution for operators in Europe, Asia and Americas that include best practices from other sectors such as float and tow, used widely in salvage.

Offering considerably more technical value for operators than rival partnerships, the members of the consortium have a proven track record across all areas of late life and decommissioning. It can ensure project efficiency, regulatory compliance and cost certainty in the execution of decommissioning activities, wherever in the world the assets may be.

John Cox, Global Decommissioning Lead, WorleyParsons, says: “The value for industry is that our combined expertise covers the full decommissioning lifecycle. We have the unique capability to become well duty holders and take title of offshore structures plus we offer independent assurance throughout the decommissioning process. This consortium provides a new benchmark in cost-effective decommissioning activities, with safety and peace of mind for the operator.

About Lloyd’s Register (LR)

We started out in 1760 as a marine classification society. Today, we’re one of the world’s leading providers of professional services for engineering and technology – improving safety and increasing the performance of critical infrastructures for clients in over 75 countries worldwide. The profits we generate fund the Lloyd’s Register Foundation, a charity which supports science and engineering-related research, education and public engagement around everything we do. All of this helps us stand by the purpose that drives us every single day: Working together for a safer world.

In a world of increasing complexity – overloaded with data and opinion – we know that our clients need more than technology to succeed. They need an experienced hand. A partner to listen, cut through the noise and focus on what really matters to them and their customers. Our engineers and technical experts are dedicated to assurance. That means a commitment to embracing new technology, and a deep rooted desire to drive better performance. So we consider our customers’ needs with diligence and empathy, then use our expertise and over 250 years’ experience to deliver the smart solution for everyone.

After all, there are some things technology can’t replace.

About WorleyParsons

WorleyParsons delivers projects, provides expertise in engineering, procurement and construction and offers a wide range of consulting and advisory services. We cover the full lifecycle, from creating new assets to sustaining and enhancing operating assets, in the hydrocarbons, mineral, metals, chemicals and infrastructure sectors. Our resources and energy are focused on responding to and meeting the needs of our customers over the long term and thereby creating value for our shareholders. WorleyParsons is listed on the Australian Securities Exchange [ASX:WOR]. Further information on WorleyParsons is available on the Internet at www.worleyparsons.com and www.advisian.com.

About Ardent

We deliver safe, economical and innovative solutions to our customers in the offshore and shipping sectors. We are specialists in Emergency Preparedness & Response, Wreck Removal, Offshore Decommissioning and Subsea Services, With bases around the world, we have the resources and the network of ships and equipment for any decommissioning project. Our vision is to protect the interest of our customers and the environment through applied ingenuity.  Discover more at https://www.ardentglobal.com.