As offshore market activity recovers and continues to increase through the next decade, as NorthStone Advisors expect it to, oilfield service (OFS) capacity is expected to tighten. In NorthStone Advisors’ view, this will create a period of increased scarcity and cost inflation, presenting significant cost and schedule risk to decommissioning programs.
Many eyes are on the UK, which continues to progress a series of meaningful abandonment campaigns.
News article on 1 March 2022 by Andrew Reid, Partner, NorthStone Advisors from oedigital.com
For further reading, please visit oedigital.com >> Offshore Energy: Are Decommissioning Costs set to Spiral?