The chief executive of a new industry body set up to make sure UK businesses are ready for decommissioning work is attending OTC to help to build knowledge of the organisation.
Decom North Sea (DNS) was established as a result of industry recommendations to stimulate and support the development of the decommissioning supply chain.
Chief executive Brian Nixon believes the show is an excellent chance to meet leading figures in the industry, many of whom are ideally positioned to lead their companies to additional growth through a share in the billions of pounds of decommissioning activity in the North Sea over the next few decades.
Mr Nixon said: “Offshore assets require to be decommissioned at the end of their economic or productive life under current regulations.
“With this inevitability, there is growing awareness in the industry of the urgent need to secure and maximise economic benefit from the huge workload facing the North Sea.
“The latest market projections agree that the first major lump of decommissioning activity in the North Sea is forecast to ramp up quickly within the next year or two.
“This emphasises that now is absolutely the right time for Decom North Sea to begin its work with the supply chain, and to stimulate the preparation, collaboration and innovation needed to secure this vital market opportunity.
“It is important to stress that Decom North Sea has no ambition to accelerate the rate of decommissioning, however, the new organisation does have ambition to stimulate the rate of innovation, collaboration, preparation and learning, and to ensure a vibrant, competent and competitive supply chain able to support and benefit from the forecast £25-£30billion of expenditure over the coming years.
“Decom North Sea also aims to help grow capacity and capability, promote and showcase key strengths, and, importantly, address gaps or weaknesses identified in the ongoing analysis of the supply chain.”
DNS is benefiting from initial financial support from the UK Government’s Department of Energy and Climate Change, and from Scotland’s two economic development agencies Scottish Enterprise and Highlands and Islands Enterprise, but aims to become self sustainable through membership subscriptions and other sources of revenue.
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