{"id":5929,"date":"2014-10-29T15:35:34","date_gmt":"2014-10-29T15:35:34","guid":{"rendered":"http:\/\/www.reefrelieffounders.com\/drilling\/?p=5929"},"modified":"2021-05-19T01:04:11","modified_gmt":"2021-05-19T01:04:11","slug":"decom-world-deepwater-decommissioning-up-to-four-times-more-costly-study-finds","status":"publish","type":"post","link":"https:\/\/www.reefrelieffounders.com\/drilling\/2014\/10\/29\/decom-world-deepwater-decommissioning-up-to-four-times-more-costly-study-finds\/","title":{"rendered":"DECOM WORLD: Deepwater decommissioning up to four times more costly, study finds"},"content":{"rendered":"
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http:\/\/social.decomworld.com\/structures-and-maintenance\/deepwater-decommissioning-four-times-more-costly-study-finds#sthash.fijblcu8.dpuf<\/h2>\n

By Rod Sweet<\/a> on Apr 30, 2014<\/p>\n

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A new report on the Gulf of Mexico decommissioning market finds that costs rise sharply in water depths greater than 200ft (61m).<\/p>\n

Structure decommissioning ranges from $3-5 million in water depths less than 200ft, to $15-20 million in water depths greater than 200ft, according to DecomWorld\u2019s latest Gulf of Mexico Offshore Decommissioning Report 2014<\/i>.<\/p>\n

In conventional decommissioning, dry tree shallow water plugging and abandonment operations typically cost between $300,000-$500,000 per wellbore, finds the report author, Mark J. Kaiser, research and development director at Louisiana State University\u2019s Center for Energy Studies.<\/p>\n

But he warns that estimating true decommissioning costs depends on many site-specific factors.<\/p>\n

Meanwhile, the cost of decommissioning storm-destroyed structures often ranges between three to five times the cost of conventional operations, but may be greater by a factor of ten or more in extreme cases, the study found.<\/p>\n

In the immediate aftermath of a storm, the resources necessary to initiate inspections, conduct repairs, and procure material and equipment are usually stretched thin.<\/p>\n

The report concluded that small companies tend to be cost-minimizers in decommissioning while large companies focus on risk management, with specialized teams and business units dedicated to the task, potentially pushing costs higher.<\/p>\n

Produced for DecomWorld<\/i> the report estimates the GOM decommissioning market to be worth $26bn in and around January 2014.<\/p>\n

In its fifth edition, the Gulf of Mexico Offshore Decommissioning Report <\/i>contains detailed market analyses and forecasts for both shallow and deep water, plus updates on transactions and regulatory developments. Click here <\/b><\/a>for more information.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

http:\/\/social.decomworld.com\/structures-and-maintenance\/deepwater-decommissioning-four-times-more-costly-study-finds#sthash.fijblcu8.dpuf By Rod Sweet on Apr 30, 2014 A new report on the Gulf of Mexico decommissioning market finds that costs rise sharply in water depths greater than 200ft (61m). Structure decommissioning ranges from $3-5 million in water depths less than 200ft, to $15-20 million in water depths greater than 200ft, according to DecomWorld\u2019s latest … Continue reading DECOM WORLD: Deepwater decommissioning up to four times more costly, study finds<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[4],"tags":[],"class_list":["post-5929","post","type-post","status-publish","format-standard","hentry","category-offshore-oil"],"_links":{"self":[{"href":"https:\/\/www.reefrelieffounders.com\/drilling\/wp-json\/wp\/v2\/posts\/5929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.reefrelieffounders.com\/drilling\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.reefrelieffounders.com\/drilling\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.reefrelieffounders.com\/drilling\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.reefrelieffounders.com\/drilling\/wp-json\/wp\/v2\/comments?post=5929"}],"version-history":[{"count":2,"href":"https:\/\/www.reefrelieffounders.com\/drilling\/wp-json\/wp\/v2\/posts\/5929\/revisions"}],"predecessor-version":[{"id":6085,"href":"https:\/\/www.reefrelieffounders.com\/drilling\/wp-json\/wp\/v2\/posts\/5929\/revisions\/6085"}],"wp:attachment":[{"href":"https:\/\/www.reefrelieffounders.com\/drilling\/wp-json\/wp\/v2\/media?parent=5929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.reefrelieffounders.com\/drilling\/wp-json\/wp\/v2\/categories?post=5929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.reefrelieffounders.com\/drilling\/wp-json\/wp\/v2\/tags?post=5929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}