On May 25-26, 2016, key decommissioning players including Shell, Chevron, Anadarko, BHP Billiton, Freeport McMoRan and Stone Energy will come together in Houston at the Deepwater Decommissioning Workshop to discuss how to improve efficiency and maximize safety during P&A campaigns.
While low oil prices are affecting most parts of the oil & gas industry, stringent regulations and market conditions mean that decommissioning in the Gulf is set to increase despite the glut as equipment becomes available and slow producing platforms become uneconomical.
In this market, some believe collaboration is key. Endeavor Management’s Bruce Crager and Keith Caulfield certainly agree. Their 2016 Decommissioning JIP is an excellent example of what can be achieved when operators and service companies work together: 10 subjects ranging from MODU capabilities to cement bond logging technologies are being studied and Keith explains how, “to date, we have been amazed by the quality and technical excellence of the subject matter experts assigned to the project by the member companies, as well as [their] commitment to freely collaborate on these issues of prime importance to the decommissioning industry.”
Endeavor will be presenting the results of this ground breaking JIP at DDW 2016 while Anadarko’s Tim Byers will explore 30+ P&A projects undertaken in the Gulf of Mexico and offer attendees an insight into major lessons learned. Similarly, Foster Lanie, Subsea Well Intervention Engineer for Chevron, will detail the researched rig based and lightweight intervention alternatives for a well abandonment project in the Gulf and discuss differences in risk profiles with varying P&A designs.
From a regulatory perspective, 2015 saw major changes in financial assurance guidelines for decommissioning projects and BOEM will give an update on this process to ensure that your company is prepared to comply with new bonding requirements. As a result of these changes, accurate cost estimation for deepwater P&A is now more important than ever before. Ahead of his presentation at DDW 2016 on probabilistic cost estimation, Robert Byrd, Vice President of TSB Offshore, explains that “with our increasing focus on deepwater well P&A and decommissioning in general, it’s important that we adjust our cost estimating methodology to account for the increased level of uncertainty and the resulting higher risk. Probabilistic methods allow us to consider the uncertainty in the decommissioning processes and to quantify the risk in our cost estimates.”
Register now and ensure that you also benefit from:
• An insight into Shell and BHP Billiton’s approach to cost estimation and collaborative P&A planning and execution
• An analysis of changes to the Rig-to-Reef program as Freeport-McMoRan and Stone Energy detail how this will affect the planning of your future P&A campaigns
• Key lessons from regional P&A projects undertaken by Schlumberger, Weatherford, Baker Hughes, Aker Solutions, Wright’s Well, Helix and many others
DDW 2016 will ensure those who wish to profit from the opportunities offered by deepwater decommissioning are able to access the required business critical information, vital networking opportunities and best practice approaches that will help improve P&A operations in the Gulf of Mexico.
For more information, download the full conference agenda
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