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North Sea industry ‘halfway’ towards reaching decom cost reduction target

North Sea decommissioning cost forecasts have dropped because companies are “holding up a mirror up to themselves” and sharing lessons, according to a top industry boss.

Nils Cohrs, head of decommissioning at the Oil and Gas Authority (OGA), said the regulator used “benchmarking” to show operators how they compare to their peers in terms of cost efficiency.

Operators with a higher ranking are readily sharing lessons to help weaker performers improve and get their decommissioning cost forecasts down, Mr Cohrs said.

https://www.energyvoice.com/oi...
Photo Credit: Energy Voice 

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