REPORT HIGHLIGHTS

Operators

Factors that contribute to variations in cost include the physical characteristics and complexity of the structure and wells, location, disposition options, company type and preferences, market conditions, management practices, the occurrence and duration of exogenous events, and contract specifications. This report offers you comprehensive cost models that give you a better understanding of the risk profiles and cost contributors in different types of project.

Recent legislative changes point to a more stringent decommissioning conditions for Operators. In August 2009 the MMS issued new legislation to ensure that off-shore infrastructures are decommissioned within the timeframes established by regulations. Understand the implications that this has for your impending decommissioning liability.

Contractors

Over the next decade, we estimate that between 84 and 196 structures per year will be removed and between 304 and 556 wells per year will be permanently abandoned in shallow water. This translates to an annual market value between $142 to $394 million per year for structure removals and $235 to $430 million per year for plugging and abandonment activity. Read this report to fine tune your strategy and maximize your share of the GOM decommissioning market.

Majors and Independents have different decommissioning priorities. Independent Oil Producing companies tend to be cost-minimizers, while the larger Major Oil Companies tend to focus on risk management. Find out how these different perspectives affect cost structures and your business as a service provider

Annual and cumulative structure removals by structure type (1973 – 2008).

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