Press

Global decommissioning consortium adds weight with heavy lift player

Posted by Saffron Cummings

17-Jun-2020


A global decommissioning services consortium has substantially strengthened its capabilities with the addition of a specialist heavy lift vessel-owner operator.

 

Dutch offshore services provider OOS International joins the already successful consortium, alongside industry leaders Lloyd's Register and Worley, providing operators with fully managed end-to-end decommissioning, from late life through to post removal monitoring. 

 

By pooling their considerable experience, global footprint and now heavy lift capabilities, the consortium has added further weight to its proven ability to reduce operators' decommissioning burden, risk and cost, all through a single interface.

 

There's still big business in offshore decommissioning but it carries risks

 

An estimated £67 billion is expected to be spent on decommissioning globally over the next decade (Wood Mackenzie), with approximately £14 billion in potential decommissioning commitments over the next five years across Northwest Europe alone (source: Rystad Energy ServiceCube), costs which industry and the regulator have pledged to reduce.

 

“Decommissioning, for many, remains an uncertain cost burden, potentially even more so in the current climate.” says Julie Copland, LR's Decommissioning lead. “What is certain is that, with our combined expertise, unique ability to take well operatorship and duty holdership, and now ready access to heavy lift assets, our consortium can help operators across the North Sea, Gulf of Mexico and Asia Pacific reduce the risk and cost of decommissioning whilst safeguarding their reputation.”

 

De-risking removal and disposal for operators

 

OOS' fleet comprises of stable and dynamic semisubmersible dual crane vessels, the OOS Serooskerke and the OOS Walcheren, each have an accommodation capacity of 750 POB and a lifting capacity of 4,400 tons in waters up to 3,000 meters depth. In addition, the TBB OOS Zeelandia is equipped with two cranes with an impressive lifting capacity of 12,500T per crane.

 

“Aligning assurance, project management, and safe, fit-for-purpose removal and disposal can make decommissioning daunting,” says Léon Overdulve CEO, OOS. “We already provide full turnkey decommissioning services. Now, as part of the consortium, we can provide economies of scale, reduce duplication of effort, adopt campaign approaches and enable schedule flexibility, further reducing cost uncertainty and scope for operators.”

 

John Cox, Global Decommissioning Lead, Worley [Intecsea], says: “As a consortium, we have completed successive offshore decommissioning projects, globally, from the Middle East and Asia Pacific to North America. We've supported operators and regulators with decommissioning and plugging and abandonment plans and guidelines, abandonment liability and expenditure evaluations. We're actively involved in a number of full work scope provision projects. Operators see the value of our combined expertise across the full decommissioning lifecycle, because it works.”

 

----------------------------

About the consortium

The consortium was originally formed in April 2018 and included LR, Worley and salvage experts Ardent.

Ardent has since refocused its strategy away from decommissioning towards its core business of emergency management and wreck removal, amicably removing themselves from the consortium in December 2019.

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.

https://www.lr.org/en-gb/

About Worley

Worley delivers projects, provides expertise in engineering, procurement and construction and offers a wide range of consulting and advisory services. We cover the full life-cycle, from creating new assets to sustaining and enhancing operating assets, in the hydrocarbons, mining, mineral, metals, chemicals, power 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.

 Worley is listed on the Australian Securities Exchange [ASX:WOR].

 

About OOS

The OOS Group owns a variety of advanced marine assets offering an exceptional level of support to the oil and gas industry, ranging from P&A, ship management, engineering, maintenance and operational services. This range enables us to deliver customers with a single service or a one-stop-shop offer.

We are proud of our unique fleet which provides accommodation, heavy lift installation and decommissioning solutions with the highest safety and technological standards. From our head office in Serooskerke, The Netherlands, we manage our operations. We have a strong international presence, with offices in various countries which serve as the focal point for optimal reach and business facilities in the offshore market.

The OOS Group values environmental sustainability, ensuring modern technology, energy efficient solutions and contribution to education, research and health within our social accountability program. We feel this is our responsibility for the development of society globally. Paramount for The OOS Group is the safety and quality of all our people and the environment. We invest in our team to strengthen capability and support for the effective outcome of OOS's business plan.



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DecommissioningConsortiumGlobalenergy industryPartnershipvesseloperatorDutchOffshoreLloyd's RegisterWorley

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