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Will the UK decommissioning yards have the capacity to handle the anticipated workload of 261 platforms? Some of the pressure may be relieved as a result of the continuing production from many fields forecast to be abandoned in the current price environment as Opex costs offshore UK have fallen. -
AUVs have evolved from an emerging technology with niche uses to a viable solution and an established part of operations in various marine sectors. Douglas-Westwood’s AUV Market Forecast considers the prospective demand for AUVs in the commercial, military and research sectors over the next 5 years.
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Many of the platforms in the North Sea are late in life, operating long past their initial design expectations due to costly life-extension work. Decommissioning has moved slowly, but the low price environment is likely to accelerate the trend.
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Projects are being delayed or deferred due to low oil prices, which is affecting the market for subsea, umbilicals, risers, and flowlines (SURF).
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Though the projects that have already been sanctioned will ensure that spending in the FPS sector will remain high over the forecast period, the growth in FPS market is significantly less than expected due to the collapse in oil prices, and installations in 2018 will decline.
