North Sea decommissioning is being held back by a reluctance to accept oil and gas installations will not last forever, an industry expert said yesterday.
David Haywood, project adviser at STC Global, an Aberdeen-based design and learning solutions firm, said decommissioning was no longer a “dirty word” and companies should not be embarrassed their assets will cease to make money at some point.
Mr Haywood, who has worked for Mobil, Shell and CNR International in an oil and gas career spanning more than 20 years, also said fears that an acceleration in decommissioning could leave viable oil and gas reserves stranded were overstated.
