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Business breakfast : Decommissioning – Delivering the Competitive Advantage in a $50 World
June 29, 2017 @ 08:00 - 10:00 BST
Audrey Banner – Head of Decommissioning Policy and Financial Governance, Offshore Petroleum Regulator for Environment and Decommissioning
Richard Heard – Decommissioning Policy Manager, Oil & Gas UK
Gunther Newcombe – Director of Operations, Oil & Gas Authority
Win Thornton – VP Decommissioning, BP
An inevitable part of a maturing oil and gas province, decommissioning activities are steadily increasing alongside industry’s drive to maximise recovery of up to 20 billion barrels from the UK Continental Shelf through exploration and production. Careful management is required to ensure the UK’s offshore oil and gas installations are decommissioned safely and cost-efficiently while protecting the environment.
This breakfast briefing focuses on how the industry is working collectively with stakeholders, including the Oil and Gas Authority through the MER UK Decommissioning Task Force and BEIS, to take responsibility for delivering decommissioning projects that meet regulatory obligations in a $50 world. It will shed fresh light on the scale and cost of decommissioning and the cost drivers, provide insight into the latest thinking on the regulatory environment and the challenges facing regulators, and highlight the uncertainties inherent in planning and executing decommissioning projects.