SPECIAL REPORT: Mature UK sector sets pace for N. Sea decommissioning

02/11/2008
While decommissioning of platforms in the mature UK North Sea represents a looming problem for oil and gas producers, high commodity prices and new technology are extending the lives of some equipment.Many operators have delayed decommissioning over the past 4 years because continuing production makes economic sense. Extending platform lives has encouraged development of small, otherwise uneconomic fields via tie-backs.Even so, North Sea production platforms and other offshore structures eventually will have to be removed at the end of their economic lives. Of the two main producing sectors, the need is more imminent on the mature UK side, where equipment already is retiring and where com...
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