OEUK news

North Sea’s new opportunity: Decommissioning on the rise

14 November 2022

Billions of pounds are to be spent as the time comes to decommission the infrastructure that has kept the UK’s energy flowing for the past 50 years says OEUK’s 2022 Decommissioning Insight Report.

OEUK, the leading representative body for the UK’s offshore energy industry, will publish its flagship Decommissioning Insight report next week, predicting a surge in decommissioning activity over the next 3-4 years.

The report looks at the sector’s performance for 2021, predictions for 2022, and the challenges and opportunities in the decade ahead. It will be launched on November 22 at OEUK’s annual Offshore Decommissioning Conference.

Decommissioning is the process of withdrawing offshore energy infrastructure from use once it’s no longer needed or at the end of its lifecycle.

The growing demand for such services will generate billions of pounds worth of work for UK companies, especially for energy communities based near the central and northern North Sea.

Such opportunities also bring challenges – including spikes in demand for supply chain services, along with competition for resources and skills generated by the expansion of renewables.

Emerging energies, like offshore wind, must work with and learn from the oil and gas decommissioning sector so they can put in place the most efficient decommissioning programmes ahead of construction.

OEUK’s Decommissioning Manager Ricky Thomson said: “The decommissioning opportunity is growing, as well as demand for supply chain services.

“With the right action from the industry, billions of pounds worth of work could be scored for industrial communities across the country.

“We must collaborate across energies to make sure we can capture the lion’s share of work in the UK and make the most of this decommissioning surge.”

Media are invited to attend a virtual briefing call to find out more about the report, followed by a Q&A session. We would be grateful if you can confirm your attendance in advance with OEUK’s Communications team.

Who: OEUK Decommissioning Manager Ricky Thomson
What: Media briefing on OEUK’s 2022 Decommissioning Insight Report
When: Monday, 21 November, 10.00 AM – 10.45 AM.

Joining details as follows:

Microsoft Teams meeting
Join on your computer, mobile app or room device. Click here to join the meeting.
Meeting ID: 388 402 692 552
Passcode: Fxrd3S 

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