New Wave Media

October 27, 2015

Decom Innovation Benefits from Collaborative Boost

Karen Seath (Photo: Decom)

Karen Seath (Photo: Decom)

Decom North Sea (DNS), the representative body for the offshore decommissioning industry, and the Oil and Gas Innovation Center (OGIC) have announced a collaborative memorandum of understanding (MOU).

 

It’s a logical match; DNS is known for its support of innovation as a means of ensuring maximum economic recovery through decommissioning, while OGIC accelerates the development of demand-driven innovative technology within the oil and gas industry.

 
The MOU articulates both parties’ wish to support operators, contractors, SMEs and a range of other stakeholders to develop the safe and cost-effective offshore decommissioning solutions required by operations and government. At an aggregate estimated cost in excess of $76 billion (2014 prices), UKCS decommissioning presents a fertile environment for the advancement of technology, which also provides the opportunity to allow the UK to develop a world-renowned decommissioning capability.

 

Karen Seath, Decom North Sea’s interim chief executive welcomes the understanding between the two bodies: “Successful decommissioning relies upon the facilitation, coordination and promotion of collaboration and that’s a central focus of all DNS activity. Innovation is key to achieving this goal - and fundamental to that will be the relationship between DNS and OGIC.

Decom North Seaoil and gas industryUnited Kingdom