An annual offshore decommissioning conference being held in Aberdeen later this year will focus on the impact of the current market and the resulting pressures that face the sector.
Oil prices dropped to an almost six-year low of $45.19 per barrel in January, prompting job losses and project delays, but have since rallied to just over $60.
The main industry body for offshore decommissioning, Decom North Sea (DNS), will host the third edition of Decom Offshore at Aberdeen Exhibition and Conference Centre on May 27.
More than 200 industry representatives are expected to attend the event, which is titled Decommissioning – the Economic and Operational Challenge.
Operators will use Decom Offshore to outline their decommissioning plans, while suppliers will be able to showcase innovative new products.
DNS chief executive Nigel Jenkins, said: “The third Decom Offshore conference sees the North Sea oil and gas industry dealing with some very challenging times.”
“The aim of this interactive event is to bring both operators and the supply chain together to investigate the impact of the current market and the resulting pressures that face the decommissioning sector.”
According to DNS, which has more than 250 members drawn from operators, contractors and service providers, decommissioning of North Sea oil and gas facilities is projected to cost between £30billion and £35billion between 2010 and 2040.
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