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The decommissioning of oil and gas installations across the world, and more specifically in mature basins such as the North Sea, is expected to cost several billion dollars over the coming years. The North Sea's aging infrastructure, with over 470 platforms, more than 5,000 wells and 10,000km of pipelines, requires effective abandonment planning to ensure manageable costs and regulatory compliance.
By joining the APR now, operators can gain crucial insight into decommissioning best practices and save significant time and money.
In 2007, a group of operators asked IHS Rushmore to establish a Review to share permanent well abandonment data, with a view to answering the following questions:
Since 2004, this independent O&G operator has recorded well data electronically, with daily numbers uploaded in minutes to foremen and engineers. As result, it reduced the time to create daily reports by 33% -- cutting two days off its monthly regulatory reporting cycle -- and increased production by identifying/correcting problems months earlier.
Headquartered in Houston, this independent energy company has operations around the world so its GIS team implemented a state-of-the-art system that provides users with both internally sourced spatial data and streamed industry data – saving time and providing a more complete picture of areas of interest.Learn more about our client’s successes
While seeking oil and gas development opportunities in the Rocky Mountains region, this Denver-based company has increased workflow efficiency by using a new platform that displays research based on users' preferences, delivers hours of time-savings each week and enables greater focus on high-level analysis.Learn more about our client’s successes