Endeavor Management is pleased to announce a second phase follow-on to its earlier successful Joint Industry Project (JIP) "Stocking the Decommissioning Tool Kit" completed in 2016. That JIP delivered results covering eleven (11) topics and identified several areas for additional work.
Bruce Crager
, Executive Vice President of Endeavor Management, stated, “We are delighted to be able to continue the work of defining improved operations, new technologies and methods to evaluate whether to leave subsea hardware in-situ or recover it. It is only with the cooperation and dedication of our Member Companies that significant progress is being made to deliver state-of-the-art tools and techniques to overcome the major operational and economic hurdles of offshore oil & gas decommissioning.”
Building on the results of the initial JIP, Phase II “Plugging in the Power Tools” will focus on several issues being proposed:
1. USA GoM Financial Requirements: common sense rationalization of regulatory requirements.
2. Using NEBA [Net Benefits Environmental Analysis] in decommissioning decisions: five (5) separate issues proposed, including 3 case studies.
3. Proving resins’ long term durability for well P&A and other interventions.
4. Examine the case for leaving subsea equipment in place as the best option for deep water ecosystems and outline ways for companies to gather, store, and share oilfield environmental data to prove or disprove this theory.
Keith Caulfield, JIP Project Manager for Endeavor Management, stated, “The collaboration of our Member Companies during the initial JIP was exemplary. Their contribution along with Endeavor’s subject matter experts truly brought a new level of insight into the problems and solutions available for deepwater decommissioning. I look forward to additional advances coming from the Phase II effort.”
Details of the JIP, Phase II will be revealed at this week’s DecomWorld GOM 2017 March 14-15 at the Omni Houston Hotel, in Houston, Texas during a presentation by Keith Caulfield, JIP Project Manager.
The JIP Proposal for “Plugging in the Power Tools” is available here.
