He strongly believes the sector will perform much better with improved transparency on costs, as well as by integrating multiple elements of a decommissioning project into one “holistic solution” that is more efficient than doing small separate scopes.

“The major challenge with decommissioning is the cost of a project that generates zero returns. Operators are used to investing in production to get returns and therefore it’s very challenging to shift that mindset around,” said Thomsen.

Read the full story here.

Photo Credit: Energy Voice

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