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Decommissioning - the D word!


Saving HMRC £15bn?
£50
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Friday, June 23, 2017
London
The Geological Society

It may be realistic for the oil and gas industry to save our dear HMRC as much as £15bn - considering that the total costs of decommissioning the North Sea could be as much as £50bn and the government could end up paying 30 per cent as tax rebate. What can the industry do to make this more achievable?

One answer - simple to state but extremely hard to achieve - is that the right sort of expert / leaders should be put in charge of decommissioning projects. People who with an extremely in-depth understanding of the oil and gas industry, yet are able to think beyond the industry's traditional 'explore / drill / develop' mindset. People who can gain the confidence of the offshore platform's existing operational staff, who know the platform inside out, but perhaps aren't too keen on the idea of decommissioning it. People who can overcome hurdles in the process and get all of the different parties aligned.

It is probably fair to say there is a direct link between the number of hurdles encountered in the process and the final cost - and hurdles can be created by individuals and companies, as well as by unexpected problems with the asset itself.

There are quite a few individuals in the oil and gas industry who fit this description, but they are not being invited to run decommissioning projects. Can this state of affairs be improved?

Note: the government's entire 'austerity' project was to save £10bn - so the potential savings here are greater.

Note: This event continues from our past 'Decommissioning - the D word!' event held in

June 2016 - see the agenda - see the delegates list

Agenda

 
8:30 Welcome & Introduction: followed by SESSION 1:
9:30 Speaker from -
Oil company




10:00 Speaker from -
Oil company




10:30 Steve Andrew - Demolition and Remediation Manager
ABB




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11:00 Coffee & Tea; Exhibits
11:30 Speaker from -
Technology / service company




11:30 Session 2
12:30 Speaker from -
Technology / service company




13:00 Lunch & Exhibits, followed by SESSION 3:
13:30 Speaker from -
Oil company




14:00 Speaker from -
Technology / service company




14:30 Speaker from -
Technology / service company




15:00 Speaker from -
Technology / service company




15:30 Close

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