New know-how, engagement with regulators and information sharing will likely be among the many points addressed at a significant decommissioning convention in St Andrews later this month.

Around 450 trade professionals are anticipated to attend the ninth Offshore Decommissioning Conference run collectively by Oil & Gas UK and Decom North Sea, which runs on the Fairmont Hotel from November 26 to 28.

The convention has grown in stature because the decom trade has expanded.

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Annual decommissioning expenditure of between £1.5 billion and £2bn is anticipated within the UK over the subsequent decade.

The Oil and Gas Authority has set a decommissioning cost-reduction goal of 35% and trade initiatives to satisfy this aim function closely on this yr’s agenda.

The affect of science and know-how on decommissioning will likely be explored all through the convention, the place round 30 firms will likely be showcasing the know-how and methodologies designed to handle the challenges mentioned through the occasion.

John Warrender, Decom North Sea’s chief govt, mentioned: “Decommissioning is now not a factor of the long run.

“Predictable operator undertaking execution, higher market visibility for the provision chain, improved regulatory engagement, along with aggregation and economies of scale, new know-how and real knowledge-sharing have gotten important and pressing points that require collaborative trade consideration.

“I’m dedicated to making sure that this yr’s convention is geared in direction of addressing these points, offering the trade’s handiest networking platform to assist delegates develop options collectively.”

Reducing effectively decommissioning prices and bettering the effectivity of undertaking supply will even be mentioned.

Mike Tholen, Oil & Gas UK’s upstream coverage director, added: “Decommissioning is changing into an integral a part of the oil and fuel trade and classes discovered from the rising variety of accomplished initiatives are being utilized to present and future initiatives to enhance effectivity.

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“Supporting the UK provide chain in creating aggressive decommissioning capabilities is important to our capacity to compete for work.”

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