Clarksons: Big market for decommissioning in North Sea

The low oil price could force even more operators in the North Sea to decommission oil rigs and platforms, according to Clarksons. The winners could be the offshore carriers and the heavy-lift sector, as they could gain a whole new market.

BY DANIEL LOGAN BERG-MUNCH

Up to 47 percent of the current oil and drilling platforms in the North Sea are approaching the point where they are no longer creating value in terms of oil and gas extraction.

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