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Export opportunities in the global decommissioning sector
The decommissioning sector has great potential for the UK supply chain, with an estimated US$100bn to US$200bn in decommissioning costs faced by industry and governments around the world.
This activity will take place over the next 40 years, with the majority of smaller, shallow water platform removals in mature regions occuring in the next 20 years.
There are three key regions that will become a hub for decommissioning activity: Latin America, Arabian Gulf and Asia Pacific.
With so much experience in the mature UK decommissioning sector, there are huge opportunities for companies looking to take advantage of the growing demand for expertise abroad.
Where are the opportunities?
The Focus on Decommissioning panel session in the Global Opportunities stream will include some of the key players operating in the global decommissioning sector, who will focus on the present and future opportunities for the UK supply chain.
Chaired by Decom North Sea’s CEO John Warrander, delegates learnt how they can enter this sector, why they should invest in decom and where are the key areas to target.
Delegates of the Global Opportunities Conference also had the opportunity to meet with the speakers of this panel session in one-to-one appointments to kickstart your export journey in this lucrative sector.
Thinking about entering the decommissioning sector?
The Inspiring Exports stream was tailored towards companies who have not yet begun their export journey, or are still in the very early stages.
The conference programme featured speakers from organisations like UK Export Finance, who advised on what funding is available to successfully finance your growth, international tax considerations, how to get paid and more.
The Department for International Trade and Scottish Development International were also on hand to provide support in key markets that you are thinking about entering.
Delegates could also hear from companies who have successfully diversified into the decommissioning sector and their recommendations for companies thinking of making this change..
DECOMMISSIONING PROGRAMME SESSIONS
Focus on Decommissioning
When and where:
This panel session featured in the Global Opportunities stream on Day 1, Tuesday 18 June at 15:45-16:45.
- What is the prize for decom globally and how quickly will it come to life?
- What key learnings can the industry take from UKCS experience?
- How to package up UK capability into exportable capability?
- How to convince UK & O&G supply chain to choose to invest in decom instead of (or in addition to) other areas of growth?
Senior General Manager, Asset Decommissioning. MPM
Cost & Planning Manager (Brunei Shell Petroleum)
Bill Cattanach OBE
Head of Supply Chain