We all know that the capital cost of decommissioning has little to no return on the investment, hence project efficiency, regulatory compliance & cost achievement is essential to execute fundamental activities.
After years of production, the transition from late life management to decommissioning could be a daunting task at hand due to challenges due to project scale, cost, capability & regulatory compliance.
For proper decommissioning process you would need to navigate the regulatory & technical complexities of the late life operations & decommissioning of off shore & on shore assets & pipelines. All processes from preparation of CoP’s, planning & survey to plugging and abandonment without negating the waste management & post removal monitoring.
When you are looking for an evaluation of a decommissioning liability, we need to identify the best environmental option for removal which involves excellent understanding of the expertise spanning the entire decommissioning process. Most important thing that we need to achieve is significant cost saving, project efficiency improvement, risk reduction and finally decommissioning the assets & facility safely.
During a decommissioning process we need to follow these guidelines for safe & reliable decommissioning process
- Operational efficiency optimization
- Informed decommissioning strategy & schedules
- Minimize OPEX (Operational expenditure) & CAPEX (Capital expenditure)
- Decommissioning spend optimization
- Project Efficiency
- Adherence to best practices
- Understanding & reducing risk
- Regulatory compliance
For a proper decommissioning process to happen, we need to follow the best practices of the business so as to ensure a better & efficient decommissioning training.