Low oil price will trigger North Sea decommissioning boom
Oil companies in Great Britain and Norway in particular will likely ramp up their decommissioning of North Sea oil fields due to the oil price drop. This could send a wave of orders to Danish offshore companies while they wait for the Danish shelf to be cleaned up.
BY THOMAS BO CHRISTENSEN, ENERGIWATCH
After decades of oil ventures in the North Sea, the industry is now also facing a massive cleanup process. Although there are still investments made in new oil discoveries and setting up new rigs, most companies are preparing to tear down old platforms and shut down oil wells in a process the industry refers to as decommissioning.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Norwegian oil crisis has reached cooks and cleaners
For subscribers
Norwegian carrier idles two offshore vessels
For subscribers
Oil crisis triggers upwards of 260 layoffs in ABB
For subscribers
.jpg&w=384&q=75)
